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Business Interest Checking

At Peoples Bank, we take pride in our commitment to personalized solutions and building strong relationships with businesses of all sizes, from start-ups to established enterprises. As a community bank serving Northwest Iowa, Southwest Minnesota, and Southeast South Dakota, we understand the unique needs of local businesses. That's why we're thrilled to offer our Business Interest Checking account. With its exceptional features and our dedicated support, this account is designed to help your business thrive.

Ignite Your Business Growth with Business Interest Checking

A Business Interest Checking account can be a game changer for your business. Here's how it can benefit you:
  1. Maximize Your Funds: Earn interest on the funds in your account, allowing your money to work harder for your business. Make the most of your cash reserves while enjoying the convenience of a checking account.
  2. Flexible Transaction Volume: Enjoy 1,000 FREE monthly transaction items, ensuring you have ample capacity to manage your day-to-day financial activities without incurring additional charges.
  3. Low Minimum Balance Requirement: Focus on growing your business without worrying about maintaining a large minimum balance in your checking account.
  4. Monthly Service Charge: We believe in providing transparent and cost-effective banking solutions. Our Business Interest Checking account has no monthly service charges, provided you maintain a $1500 minimum balance, allowing you to allocate more resources to drive your business forward.
  5. Small Charge for Low Balance: If your balance falls below $1500, you’ll incur a low $10 monthly service charge.
  6. Hassle-Free Cash Deposits: Deposit up to $10,000 in currency per month without any charge, making it easier to handle your cash-based transactions.
  7. FREE Peoples Bank Mastercard® Debit Card: We print your debit card right at the bank!
  8. FREE Online Banking: Manage your accounts, track transactions, and pay bills conveniently through our secure online banking platform.
  9. FREE Mobile Banking with Mobile Deposit: Access your business accounts and deposit checks on the go with our user-friendly mobile banking app.
  10. FREE Bill Pay: Pay your bills easily through Peoples Bank Online & Mobile Banking.
  11. FREE E-Statements with Online Check Images: Access your statements online.
  12. FREE Thank You Gift for opening a new business checking account.
  13. BUY BACK of your debit cards and unused checks from another financial institution

Unlock the Power of Business Interest Checking

Earn interest on your account balance, making your funds work harder for your business.

Access our user-friendly online banking platform and mobile banking app, giving you the flexibility to manage your accounts, view statements, and perform transactions on the go. Ready to boost your business finances? Contact us today!

Experience the power of Business Interest Checking by Peoples Bank. Visit one of our 10 locations located in Northwest Iowa, Southwest Minnesota, or Southeast South Dakota, or contact us to set up an appointment with our business banking experts. Let us help you select the perfect checking account for your business needs, enabling you to focus on what you do best.






Frequently Asked Questions (FAQ)

A Business Interest Checking account allows you to earn interest on the funds in your account, providing an opportunity for your money to grow. It combines the convenience of a checking account with the benefits of earning interest.
No, we understand that businesses have unique financial circumstances. With our Business Interest Checking account, there is no minimum balance requirement, giving you the flexibility to focus on growing your business.
No, we believe in providing transparent and cost-effective solutions. Our Business Interest Checking account has no monthly service charges, allowing you to maximize your earnings.
Absolutely! You can deposit up to $10,000 in currency per month without any charge. Our goal is to make cash handling hassle-free for your business.
Yes! Our Business Interest Checking account comes with convenient online banking and a user-friendly mobile banking app. Enjoy 24/7 access to manage your accounts, view statements, and perform transactions whenever and wherever you need.
Opening a Business Interest Checking account is quick and straightforward. Visit one of our bank locations in Northwest Iowa, Southwest Minnesota, or Southeast South Dakota, or contact us to set up an appointment with our business banking experts. We'll guide you through the account opening process and help you get started with your interest-bearing checking account.














Experience the power of Business Interest Checking by Peoples Bank. Let us be your trusted financial partner, supporting your business growth and success. Contact us today to open your account and take the first step towards unlocking the potential of your business finances.

*Minimum opening deposit is only $25. Ask us for details. Bank rules and regulations apply. Other fees such as overdraft paid and overdraft returned fees, etc. may apply. See fee schedule for details. Transaction items include all debits and credits. If the Business Interest account exceeds 1,000 free monthly transaction items, the account may be converted to another checking product. If the Business Interest account exceeds $10,000 in monthly coin and currency deposits, the account may be converted to another checking product. Dormant Accounts – Accounts with daily ledger balances below $1,000 will be charged $2.50 per month if dormant for one year or more. Rate Information – This is an interest-bearing account. The interest rate and annual percentage yield (APY) will depend on daily balance. The interest rate and APY may change. Interest will begin to accrue the business day we receive credit for the deposit of non-cash items (i.e. check). Fees may apply for debit card design upgrade. You may be charged an ATM service fee from an institution outside of the Peoples Bank or Privileged Status Networks
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