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PeoplesBank


Overview / Commentary
www.bankatpeoples.com
413-538-9500
330 Whitney Avenue
Holyoke, MA 01040

PeoplesBank is headquartered in Holyoke and is the 17th largest bank in the state of Massachusetts. It is also the 329th largest bank in the nation. It was established in 1885 and as of December of 2020, it had grown to 311 employees at 24 locations. PeoplesBank's money market rates are 36% higher than the national average, and it has an A health rating.

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Introducing Zynlo Bank 1.25% Money Market Acct. - 3/17/2021

The cat's been let out of the bag! This bank is about to be bombarded with deposits! 1.25% APY on all balances up to $250k, with no minimum balance fee. Zynlo's a fintech and isn't even listed at DA yet, so I used Peoples Bank, the FI that holds your money. Free withdrawals at all Allpoint ATM's, You must use promo code "bank" to receive the 1.25% rate. The acct is nationally available except for CA, CT, MA, and NY. https://zynlobank.com/bank/?utm_campaign=rateboardpromotion&utm_source=bankrate&utm_medium=mma As always, anyone posting this deal at their own website should give DA credit for the find.

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Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90213
Year Established1885
Employees311
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.39%
Annual Interest Income$104.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$3.35B$2.94B
LoansQ4 2020vs Q4 2019$2.36B$2.25B
DepositsQ4 2020vs Q4 2019$2.44B$1.94B
Equity CapitalQ4 2020vs Q4 2019$311.3MM$297.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$23.9MM$15.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$14.3MM$8.5MM
Real Estate OwnedQ4 2020vs Q4 2019$98.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not PeoplesBank; 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.

PeoplesBank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$10-Business Premium Savings Account
0.15%$10-Growth Savings
0.10%$1-Student Savings Account
0.10%$10-Holiday Club Savings Account
0.10%$10-Vacation Club Savings Account
0.10%$10-Primary Savings

PeoplesBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-Elite Tiered Money Market
OTHER TIERS: 0.10% → $10 - $25k | 0.20% → $25k - $100k | 0.30% → $100k - $250k

PeoplesBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10-Interest Checking

PeoplesBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month CD
0.60%$1k-48 Month CD
0.50%$1k-36 Month CD
0.40%$1k-24 Month CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month CD
0.10%$1k-6 Month CD
0.10%$1k-9 Month CD
0.05%$1k-3 Month CD

PeoplesBank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month IRA
0.60%$1k-48 Month IRA
0.50%$1k-36 Month IRA
0.40%$1k-24 Month IRA
0.25%$1k-18 Month IRA
0.20%$1k-12 Month IRA
0.10%$1k-6 Month IRA
0.10%$1k-9 Month IRA
0.05%$1k-3 Month IRA
Locations

Availability

Hartford Area

Interactive local rates map


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