Institutional Accounts

Institutional Accounts

Meeting the unique banking needs of government entities and institutions requires much more than world-class financial services.  It also takes an understanding on a local level, as well as a personal approach.  As your partners in accountability and part of your community since 1885, that's what you'll find at PeoplesBank.  And that's why we're the choice of so many institutional banking clients throughout Western Massachusetts.

Institutional NOW Account

• Competitive interest rates
• Immediate Availability of Funds
• Deposits insured in full by FDIC and DIF
• Free PeoplesBank Visa® Business Check Card
• Cash Management Services

Institutional Demand Deposit

• Competitive Earnings Credit Rates (ECR)
• Immediate Availability of Funds
• Deposits insured in full by FDIC and DIF
• Free PeoplesBank Visa® Business Check Card
• Cash Management Services

Institutional Investment Account*

• Automatic investing
• Competitive interest rates

* The Institutional Investment Account is not a deposit of, guaranteed or an obligation of the bank, is not insured by the FDIC or any federal government agency or other type of deposit insurance, and may be subject to risk and loss of principal.

Institutional Money Market Account

• Competitive interest rates
• No monthly service charges
• Check writing capability
• Deposits insured in Full by FDIC and DIF

Institutional Certificates of Deposit

• Competitive interest rates
• Variety of terms available
• Deposits insured in full by FDIC and DIF

Cash Management Services

With a long history of outstanding, reliable and accurate reporting, we have a deep understanding of the market.  Our proven capabilities in cash management ensure your ability to make regular, predictable payments with ease.  Moreover, we'll search for ways to save money by finding the best way to procure needed assets and manage funds.  Our quality services include:

• PeoplesOnline Cash Management 
• ACH Origination
• Remote Deposit Capture
  For more options, see Cash Management Services.

Financing & Short Term Funding

• Competitive interest rates
• Flexible Terms
• Prompt decision making

Contact Joseph Fimognari, Margaret Lenihan, or David Thibault  for Institutional Accounts & Services.