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Business Cash Management

Business Checking - Cash Management - Electronic Banking - Business Lending - Rates


Peoples Bank offers many cost effective products and services to put your company’s excess funds to work. Funds can be transferred from your Business Checking account into investment vehicles automatically or initiated online through Business Internet Banking.

Business Money Market
For business owners who want to invest funds but want the funds to remain liquid, a Business Money Market Account is the perfect solution. Our tiered rate structure pays higher rates on larger balances and funds can be accessed by writing a check, scheduling automatic transfers or making a transfer through Business Internet Banking or Phone Banking.

Cash Management Sweep Account
A Cash Management Sweep account is the perfect complement to a Peoples Bank Business Checking account. Maximize earnings with an account that automatically sweeps excess cash into higher yielding investments overnight. This service offers optimum liquidity while maximizing your earning potential.

In addition to receiving a monthly statement of investment activity, transactions and sweeps can be viewed from your personal computer through Business Internet Banking. Sweeps are also available between loan products.

Here's how it works:

  1. Your account representative will determine a threshold balance by reviewing the balance history in your Peoples Bank Business Checking account.

  2. Any dollar amount above the threshold balance at the end of nightly processing will be automatically swept into a competitive repurchase agreement. (Minimum transfer is $1.00)

  3. Funds will then be swept back into the checking account the following day so your money is available when you need it.

Certificates of Deposit
A certificate of deposit offers what alternate investments can’t – a guaranteed fixed return that is also FDIC insured. Peoples Bank offers a wide variety of terms and rates to meet any and all of your investment needs. Terms vary from as little as 10 days to 42 months. For complete terms and rates, contact your local Banking Center. 
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