People's United Bank Savings Account Review

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

Are savings accounts from People's United Bank federally insured?

Yes, your People's United Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 APY does People's United Bank offer?

People's United Bank Savings Account offers an APY of .02% (APY stands for annual percentage yield, rates may change).

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

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - People's United Bank Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

What fees does People's United Bank Savings Account charge?

People's United Bank Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $50.

• Outgoing domestic bank transfers come with a $30 fee.
• Outoing international bank transfers come with a $40 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.