NOW Account

Our NOW account is designed for our customers who wish to earn interest and keep a moderate account balance in their account for no service fee. The interest rate and annual percentage yield are included in the Rate Chart and may change at our discretion. You may make an unlimited number of deposits and debit transactions into your account. The minimum balance required to open this account is $1,000.00, and you must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield. The interest is compounded monthly and will be credited to the account monthly. If you close your account before the interest is paid, you will not receive the accrued interest. This account also includes free access to secure online banking.

(In accordance with Regulation D this account is only available to individuals, sole proprietorships, non-profit organizations and governmental units).

Monthly Service Charge

A service charge of $8.33 will be imposed every statement cycle if the average daily balance for the cycle falls below $1,000.00. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Interest will begin to accrue on the business day you deposit non-cash (for example, checks) into your account.

Debit Card

A Visa Debit Card with unlimited free transactions is available with this account.

Overdraft fees apply to overdrafts created by check, in-person withdrawal, or other electronic means. Overdraft fees may also apply to one-time debit purchases and ATM withdrawals if a consumer opted-out to overdraft services at Peoples State Bank. Fees could reduce the earnings in your account.