PeoplesBank

Overview / Commentary

www.bankatpeoples.com

413-538-9500

330 Whitney Avenue
Holyoke, MA 01040

PeoplesBank is headquartered in HOLYOKE and is the 16^th largest bank in the state of Massachusetts. It is also the 302^nd largest bank in the nation. It was established in 1885 and as of June of 2024, it had grown to 318 employees at 19 locations. PeoplesBank's money market rates are 36% higher than the national average, and it has an A health rating.

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2021

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

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	90213
Year Established	1885
Employees	318
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	6.18%
Annual Interest Income	$100.7MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$4.4B$4B
Loans	Q2 2024vs Q2 2023	$3.33B$3.02B
Deposits	Q2 2024vs Q2 2023	$3.63B$3.21B
Equity Capital	Q2 2024vs Q2 2023	$352.5MM$357.4MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$17.9MM$14.9MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$11.6MM$17.6MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

PeoplesBank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$10	-	Business Premium Savings Account
0.10%	$10	-	Growth Savings
0.10%	$10	$50k	Simple Home Savings
0.05%	$1	-	Student Savings Account
0.05%	$10	-	Primary Savings

PeoplesBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%^*	$250k^*	-	Elite Tiered Money Market
OTHER TIERS: 0.05% → $10 - $25k \| 0.10% → $25k - $100k \| 0.30% → $100k - $250k

PeoplesBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$10	-	Interest Checking

PeoplesBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$1k	-	7 Month CD Special
4.75%	$1k	-	10 Month Special CD
4.00%	$1k	-	20 Month CD Special
3.25%	$1k	-	30 Month CD Special
0.40%	$1k	-	60 Month CD
0.30%	$1k	-	48 Month CD
0.25%	$1k	-	36 Month CD
0.20%	$1k	-	24 Month CD
0.15%	$1k	-	18 Month CD
0.10%	$1k	-	12 Month CD
0.05%	$1k	-	3 Month CD
0.05%	$1k	-	6 Month CD
0.05%	$1k	-	9 Month CD

PeoplesBank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.75%	$1k	-	10 Month IRA Special
4.00%	$1k	-	20 Month IRA Special
3.25%	$1k	-	30 Month IRA Special
0.40%	$1k	-	60 Month IRA
0.30%	$1k	-	48 Month IRA
0.25%	$1k	-	36 Month IRA
0.20%	$1k	-	24 Month IRA
0.15%	$1k	-	18 Month IRA
0.10%	$1k	-	12 Month IRA
0.05%	$1k	-	3 Month IRA
0.05%	$1k	-	6 Month IRA
0.05%	$1k	-	9 Month IRA

Locations

Availability

Springfield Area

Springfield Area bank & credit union details

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