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  People's United Bank Money Market Account

People's United Bank Money Market Account

in Money Market Accounts from People's United Bank · Member fdic

Unaffiliated

People's United Bank Money Market Account

Unaffiliated

in Money Market Accounts from People's United Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01% - 0.05%
APY Minimum Balance $0
Minimum Opening Deposit Starting at $2,500

People's United Bank Money Market Account Review

People's United Bank Money Market Account is offered by People's United Bank, a bank founded in 1842 and based in Bridgeport, CT. People's United Bank Money Market Account is available in 6 states across the USA.

People's United Bank Money Market Account FAQ

Are money market accounts from People's United Bank federally insured?

Yes, your People's United Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27334). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the People's United Bank Money Market Account rates?

People's United Bank Money Market Account offers an APY starting at 0.01% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change).

People's United Bank Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 0.05%

What are the People's United Bank Money Market Account fees?

This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $2,500.

People's United Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

People's United Bank Money Market Account Fees
Fees Amount
Monthly Fee up to $5
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for People's United Bank Money Market Account?

Minimum initial deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance minimum balance of $2,500. You can avoid the monthly fee if you keep a minimum balance $2,500.

What features and perks does People's United Bank Money Market Account offer?

This account includes the following features:

  • Fraud monitoring - People's United Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - People's United Bank Money Market Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - People's United Bank Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.

How to open an account with People's United Bank

  • Visit the People's United Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Contact

  • Headquarters
  •   850 Main Street
    Bridgeport, CT 6604
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:30pm
  • Tuesday 8:00am - 5:30pm
  • Wednesday 8:00am - 5:30pm
  • Thursday 8:00am - 5:30pm
  • Friday 8:00am - 5:30pm
  • Saturday Closed

Other Services by People's United Bank

Availability

  Available in 6 states
  • Connecticut
  • Massachusetts
  • Maine
  • New Hampshire
  • New York
  • Vermont

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee $2,500
Minimum Opening Deposit Starting at $2,500
Monthly Fee $0 - $5
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • FDIC Member
APY (Annual Percentage Yield) 0.01% - 0.05%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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