2. People's United Bank

People's United Bank


Overview / Commentary
www.peoples.com
203-338-7001
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 46th largest bank in the nation. It was established in 1988 and as of June of 2018, it had grown to 5,419 employees at 398 locations. People's United Bank has an A health rating.

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Reviews (31)

No bounced check fees!

Posted by: wolfluvr | Jun 29, 2015

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.

1

Fine Print Gets You Every Time

Posted by: weiss800 | Oct 3, 2018

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.

1

Great experience if you can find a walk in branch

Posted by: jodydougherty | May 12, 2017

I have been banking with People's United bank for several years now. In the beginning it was called People's Bank, which was very appropriate because they were really customer service driven, for the "people". I live in a small town where there was a local branch that you could walk in to do your banking , and it also had a drive up window. The drive up window was very convenient, the service outside and inside was outstanding. I started out with a checking account and savings account, checking had a very small minimum and there weren't any fees for using the ATM or using a foreign ATM. As time went on, the fees and balance minimums changed, making it challenging to avoid having any monthly fees. The system was also changing, less drive up windows and less walk in branches. Today I am still with them, but seriously thinking of changing banks. I have to go into a Stop and Shop grocery store if I need to go to the branch to get something done or speak with someone. If I am looking for a stand alone branch I have to drive 25 minutes to get to one. When I do go into the bank at the grocery store or a stand alone branch, the customer service is excellent, the employees try to treat you as if they know you and they are still that small town bank. Unfortunately, I feel very inconvenienced by them and will probably move on.

2

Student Checking

Posted by: Becky196536 | Oct 15, 2018

Peoples is now charging students a $3 fee for a paper statement. My student was unaware of the fee. As with most students, they never opened the statement so they were unaware that they were being charged this fee. So much for a free student checking account. HORRIBLE!

1
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Health
A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27334
Year Established1988
Employees5419
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD7.87%
Annual Interest Income$749.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$44.30B$42.71B
LoansQ2 2018vs Q2 2017$32.31B$31.45B
DepositsQ2 2018vs Q2 2017$32.72B$32.06B
Equity CapitalQ2 2018vs Q2 2017$5.92B$5.65B
Loan Loss AllowanceQ2 2018vs Q2 2017$236.8MM$231.6MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$189.8MM$197.6MM
Real Estate OwnedQ2 2018vs Q2 2017$15.1MM$11.0MM
Rates
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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.

People's United Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Premier Business Savings
0.05%*$100k*-Business Savings
OTHER TIERS: 0.02% → Up to $100k
0.05%--Business Advantage Savings
0.05%--Non-Profit Business Savings
0.02%$1-Business Statement Savings
0.02%$1-Municipal Savings
0.02%$1-Escrow Business Savings
0.02%--Plus Savings
0.02%--Advantage Savings
0.02%--Premier Advantage Savings

People's United Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Escrow Business Money Market
OTHER TIERS: 0.15% → Up to $50k | 0.20% → $50k - $100k
0.30%*$75k*-Premier Advantage Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $75k
0.25%*$75k*-Business Advantage Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $75k
0.25%*$100k*-Non-Profit Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | 0.15% → $50k - $75k | 0.20% → $75k - $100k
0.25%*$100k*$10mPremier Business Money Market
OTHER TIERS: 0.20% → Any amount
0.25%*$3m*-Municipal Money Market
OTHER TIERS: 0.10% → Up to $100k | 0.20% → $100k - $3m
0.25%*$75k*-Advantage Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $75k
0.20%*$100k*-Business Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k
0.20%*$100k*-Plus Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k
0.10%*$10k*-Client Escrow Money Market Checking
OTHER TIERS: 0.08% → Up to $10k
0.10%*$1m*-Municipal Escrow Money Market Checking
OTHER TIERS: 0.05% → Up to $1m

People's United Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$100k*-Escrow Checking with Interest
OTHER TIERS: 0.02% → Up to $100k
0.02%--Business Checking with Interest
0.02%--Non-Profit Business Checking with Interest
0.02%--Municipal Checking with Interest
0.02%--Premier Advantage Checking

People's United Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1-15 Month Plus CD
2.00%--7 Month Plus CD
1.00%--5 Year Plus CD
1.00%$1-Business Advantage 5 Year CD
0.90%--4 Year Plus CD
0.90%$1-Business Advantage 4 Year CD
0.85%$1-Business 5 Year CD
0.85%$1-Business 8 Year CD
0.80%--3 Year Plus CD
0.80%$1-Business Advantage 3 Year CD
0.75%$1-Business 4 Year CD
0.70%$1- Business Bump-Up 4 Year CD
0.65%$1-Business 3 Year CD
0.65%$1-Business 3 1/2 Year CD
0.61%$1-Business 4 Year Variable Rate CD
0.60%$1-2 Year Plus CD
0.56%$1-Business 2 Year Variable Rate CD
0.56%$1-Business 3 Year Variable Rate CD
0.50%$1-Business 2 1/2 Year CD
0.40%--1 Year Plus CD
0.40%--18 Month Plus CD
0.40%$1-Business Advantage 18 Month CD
0.40%$1-Business Advantage 2 Year CD
0.35%$1-Business Advantage Bump-Up 2 Year CD
0.35%$1-Business Elite 271 to 365 Day CD
0.30%$1-Business 18 Month CD
0.30%$1-Business 21 Month CD
0.30%$1-Business 2 Year CD
0.30%$1-Business Advantage 1 Year CD
0.30%$1-Business Advantage 15 Month CD
0.30%$1-Premier Business 1 Year CD
0.25%--11 Month Plus CD
0.25%$1- Business Bump-Up 2 Year CD
0.20%--10 Month Plus CD
0.20%$1-Business 1 Year CD
0.20%$1-Business 15 Month CD
0.20%$1-Business Advantage 10 Month CD
0.20%$1-Premier Business 60 Day CD
0.20%$1-Premier Business 3 Month CD
0.20%$1-Premier Business 6 Month CD
0.20%$1-Premier Business 9 Month CD
0.20%$1-Business Elite 31 to 60 Day CD
0.20%$1-Business Elite 61 to 90 Day CD
0.20%$1-Business Elite 91 to 180 Day CD
0.20%$1-Business Elite 181 to 270 Day CD
0.20%$1-Municipal 181 to 365 Day CD
0.20%$1-Premier Municipal 181 to 365 Day CD
0.15%--91 Day Plus CD
0.15%--4 Month Plus CD
0.15%--5 Month Plus CD
0.15%--6 Month Plus CD
0.15%--8 Month Plus CD
0.15%--9 Month Plus CD
0.15%$1-Business 10 Month CD
0.15%$1-Business Advantage 30 Day CD
0.15%$1-Business Advantage 60 Day CD
0.15%$1-Business Advantage 91 Day CD
0.15%$1-Business Advantage 4 Month CD
0.15%$1-Business Advantage 6 Month CD
0.15%$1-Business Advantage 9 Month CD
0.15%$1-Premier Business 30 Day CD
0.15%$1-Business Elite 7 to 30 Day CD
0.15%$1-Municipal 31 to 60 Day CD
0.15%$1-Municipal 61 to 90 Day CD
0.15%$1-Municipal 91 to 120 Day CD
0.15%$1-Municipal 121 to 150 Day CD
0.15%$1-Municipal 151 to 180 Day CD
0.15%$1-Premier Municipal 31 to 60 Day CD
0.15%$1-Premier Municipal 61 to 90 Day CD
0.15%$1-Premier Municipal 91 to 120 Day CD
0.15%$1-Premier Municipal 121 to 150 Day CD
0.15%$1-Premier Municipal 151 to 180 Day CD
0.10%$1-Business 30 Day CD
0.10%$1-Business 60 Day CD
0.10%$1-Business 91 Day CD
0.10%$1-Business 3 Month CD
0.10%$1-Business 4 Month CD
0.10%$1-Business 5 Month CD
0.10%$1-Business 6 Month CD
0.10%$1-Business 9 Month CD
0.10%$1-Municipal 7 to 30 Day CD
0.10%$1-Premier Municipal 7 to 30 Day CD
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