People's United Bank


Overview / Commentary
203-338-6500
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 March of 2020, it had grown to 6,246 employees at 444 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.

They Make It VERY Hard To Get Your Money Back Out

Posted by: |

I have a 5 year CD renewing with the Greenfield, MA branch of this bank. They sent me a renewal notice with no place to indicate what I wanted to do with the proceeds when it matures, but just stating it would roll over into another 5 year CD.

I emailed and was told they could do nothing until the CD matured and then I could phone. I phoned today to check if this was true and was told they would not move the proceeds of the CD into my checking account at the same institution through a phone call or a secure message sent through their website.

They told me I would have to come to the bank in person when the CD matured and sign a form to move the money into my checking account.

When I explained that I was high risk and did not want to come into the office, they said I could send them a notarized letter. So explain to me how I get a letter notarized without exposing myself to another office????

So I will have to go into their office in person. Let's hope I am able to get there or they will roll over a significant amount of MY money into a 5 yr CD paying nothing.

The person who spoke to me on the phone was quite unpleasant too, and expressed amazement that any bank would let you mail them instructions on how to manage a maturing CD.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #27334
Year Established1988
Employees6246
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD7%
Annual Interest Income$509.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$60.21B$47.88B
LoansQ1 2020vs Q1 2019$43.97B$35.30B
DepositsQ1 2020vs Q1 2019$44.97B$37.26B
Equity CapitalQ1 2020vs Q1 2019$7.83B$6.54B
Loan Loss AllowanceQ1 2020vs Q1 2019$341.7MM$240.9MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$233.9MM$184.6MM
Real Estate OwnedQ1 2020vs Q1 2019$16.7MM$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.

† 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Plus Savings
0.02%--Advantage Savings
0.02%--Premier Advantage Savings

People's United Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Premier Advantage Checking

People's United Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-3 Year Plus CD
0.75%$500-18 Month Plus CD
0.40%$500-10 Month Plus CD
0.35%$500-5 Year Plus CD
0.25%$500-4 Year Plus CD
0.20%$500-2 Year Plus CD
0.15%$500-11 Month Plus CD
0.15%$500-1 Year Plus CD
0.15%$500-15 Month Plus CD
0.10%$500-91 Day Plus CD
0.10%$500-4 Month Plus CD
0.10%$500-5 Month Plus CD
0.10%$500-6 Month Plus CD
0.10%$500-7 Month Plus CD
0.10%$500-8 Month Plus CD
0.10%$500-9 Month Plus CD
Locations

Availability



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