Peoples Community Bank is running a special promotion on their interest bearing checking account.  Peoples Community Bank has been reviewed by us with in the last 2 months because of their ranking in the state of Ohio for high interest rate CDs.  The account being reviewed presently is a checking account that pays an interest rate based on the balance held, these accounts are frequently called tiered accounts.

O this tiered checking account, balances of $0.00 – $2,499.99 earn a yield of .75%, balances of $2,500 – $9,999.99 earn a yield of 2.50%, balances of $10,000 – $49,999.99 earn a yield of 2.50%, balances of $50,000 – $99,999.99 earn a yield of 2.50% and balances of $100,000 and up earn a yield of 2.50%.  The minimum deposit of $1,000 is required to open the account.  An average daily balance of $2,500 is required to avoid a monthly maintenance service charge of $10.00.  The checking account allows the accountholder to obtain check images that are viewable online and included in statements.  The account has unlimited check writing at no charge.  An ATM or MasterMoney Debit Card may be issued with no fee subject to application and approval.  Certain restrictions may apply.

Peoples Community Bank also offers other checking accounts as well including a free checking account.  The minimum deposit of $50 required to open account.  No minimum balance required.  The first 50 checks are free.  The checking account has unlimited check writing at no charge.  An ATM or MasterMoney Debit Card may be issued with no monthly fee subject to application and approval.  Restrictions may apply.

Of course, Peoples Community Bank has certificates of deposit that have competitively high interest rates where the interest is compounded daily.  A sampling of some of the CD terms and interest rates presently available include:

An 11 month CD with an interest rate of 3.92% and a 4.00% APY.
A 45 month CD with an interest rate of 5.12% and a 5.25% APY.

 The minimum Deposit of $1000.00 to open. Additional terms and rates are available.  These CDs are special promotional offers and require a Peoples Premium Checking account to obtain the advertised rate.

Interest rates are subject to change.  Fees may reduce earnings.  Additional disclosures are available for the above accounts by contacting any office of Peoples Community Bank.  These CD rates are good as of December 5th, 2008.  Contact a bank representative for any account conditions or interest rate changes.  Peoples Community Bank can be reached at 877-613-2265.  The web address for the bank is www.pcbionline.com.

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