People's United Bank

Overview / Commentary
850 Main Street
Bridgeport, CT 06604

People's United Bank is headquartered in Bridgeport and is the largest bank in the state of Connecticut. It is also the 41st largest bank in the nation. It was established in 1988 and as of December of 2019, it had grown to 6,357 employees at 452 locations. People's United Bank has an A+ health rating.

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No bounced check fees!

Posted by: |

I have been with People's for about 5 years or so. There are times, very few though still times, that I have made a mistake on my account. Whether it was forgetting to subtract a withdrawal or a check. Needless to say, I ended up with a negative balance. I do have money direct deposited every month. And several times they did not charge me a bounced check fee. I know they don't if the negative amount is less than $5.00, but a couple times it was a little over the $5.00 maximum.

Call Center

Posted by: |

Have been with Peoples United for about 15yrs. Generally I am pleased however, I have observed that in the last year, the call center is never available and always requires a lengthy wait for a return call from a representative. It appears that with all things, the bottom line is more important than customer service

Fine Print Gets You Every Time

Posted by: |

they were advertising a bonus of $300 if you set up direct deposit.....unfortunately you had to have $75000 on deposit to avoid monthly fees of $30. Found this out when I went in with my wife to open the account. Interestingly, I said that I had made a mistake, and the rep told me that I didn't make a mistake, I hadn't been told until I sat down!

I see it as a mistake on my part, but wow, what an admission on their part!

Did not open account.


I am a former United Bank customer that was stuck into the People's United Bank. I talked to 5 different people today for over a hour about a CD that is maturing next week. I will be out of pocket most of next week with medical stuff and wanted to cash in the CD and a check sent to me. I just wanted to leave my wishes for my funds ahead of time so I could focus on my health issues. I was asked by all 5 people multiple security questions and each time I told them I wanted to cash in the CD I was transferred to the next person.The 5th person told me I could not leave any directives for the maturing CD until maturity date. That is bull because I have done this at other banks several times without a problem. So run, run, run like hell and don't let them near your money.



Health Grade Components

FDIC Certificate #27334
Year Established1988
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD7.82%
Annual Interest Income$1.91B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$58.34B$47.60B
LoansQ4 2019vs Q4 2018$43.92B$35.01B
DepositsQ4 2019vs Q4 2018$44.05B$36.48B
Equity CapitalQ4 2019vs Q4 2018$7.80B$6.49B
Loan Loss AllowanceQ4 2019vs Q4 2018$246.6MM$240.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$220.1MM$212.4MM
Real Estate OwnedQ4 2019vs Q4 2018$19.2MM$14.2MM
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Always verify rates and promotions with the bank or credit union. We are not People's United Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

People's United Bank Savings Account Rates

0.02%--Plus Savings
0.02%--Advantage Savings
0.02%--Premier Advantage Savings

People's United Bank Money Market Rates

0.15%*$75k*-Advantage Money Market
OTHER TIERS: 0.03% Up to $10k | 0.05% $10k - $50k | 0.10% $50k - $75k
0.15%*$75k*-Premier Advantage Money Market
OTHER TIERS: 0.03% Up to $10k | 0.10% $10k - $75k
0.10%*$100k*-Plus Money Market
OTHER TIERS: 0.03% Up to $10k | 0.05% $10k - $100k

People's United Bank Checking Account Rates

0.02%--Premier Advantage Checking

People's United Bank CD Rates

1.10%--18 Month Plus CD
0.90%--3 Year Plus CD
0.75%--11 Month Plus CD
0.50%--8 Month Plus CD
0.35%--5 Year Plus CD
0.25%--4 Year Plus CD
0.20%--2 Year Plus CD
0.15%--10 Month Plus CD
0.15%--1 Year Plus CD
0.15%--15 Month Plus CD
0.10%--91 Day Plus CD
0.10%--4 Month Plus CD
0.10%--5 Month Plus CD
0.10%--6 Month Plus CD
0.10%--7 Month Plus CD
0.10%--9 Month Plus CD


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