PeoplesBank

Overview / Commentary

www.bankatpeoples.com

413-538-9500

330 Whitney Avenue
Holyoke, MA 01040

PeoplesBank is headquartered in Holyoke and is the 17^th largest bank in the state of Massachusetts. It is also the 334^th largest bank in the nation. It was established in 1885 and as of March of 2021, it had grown to 311 employees at 24 locations. PeoplesBank has an A health rating.

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

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #	90213
Year Established	1885
Employees	311
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.29%
Return on Equity - YTD	3.15%
Annual Interest Income	$25.0MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$3.47B$2.99B
Loans	Q1 2021vs Q1 2020	$2.33B$2.26B
Deposits	Q1 2021vs Q1 2020	$2.61B$2.10B
Equity Capital	Q1 2021vs Q1 2020	$318.5MM$291.5MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$24.3MM$15.5MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$11.2MM$11.6MM
Real Estate Owned	Q1 2021vs Q1 2020	$98.00K$192.00K

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
0.05%	$1	-	Student Savings Account
0.05%	$10	-	Holiday Club Savings Account
0.05%	$10	-	Vacation Club Savings Account
0.05%	$10	-	Primary Savings

PeoplesBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$250k^*	-	Elite Tiered Money Market
OTHER TIERS: 0.05% → $10 - $25k \| 0.10% → $25k - $100k \| 0.15% → $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
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
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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