Bank · FDIC insured
PeoplesBank Savings Rates
PeoplesBank’s best savings rate is 3.25% APY on $10,000, with its High Yield Savings. Rates checked October 15, 2026.
How PeoplesBank’s savings rates compare
Compared with banks and credit unions near Springfield, MA, where PeoplesBank has the most branches. $10,000, best rate first.
This bank’s best
PeoplesBank
3.25%APY
- Requires
- None
- Minimum
- $10,000
- Earns on $10,000 a year
- $325
High Yield Savings
Top rate
Country Bank for Savings
3.60%APY
- Requires
- Another account
- Minimum
- $10
- Earns on $10,000 a year
- $360
2nd-highest rate
Polish National Credit Union
3.50%APY
- Requires
- None
- Minimum
- $10,000
- Earns on $10,000 a year
- $350
PeoplesBank savings score
94
Savings score
Higher than 96% of U.S. banks and credit unions
- $1,000 balance$1,0000.10%
- $10,000 balance$10,0003.25%
- $100,000 balance$100,0003.25%
- QualifiedQualified3.25%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where PeoplesBank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
High Yield Savings
3.25%APY
Must be opened in a banking center; requires new money not already on deposit with PeoplesBank
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $10 and upRequires minimum opening deposit of $10,000 in new money; minimum balance to earn APY is $10 after initial deposit$10 and up | 3.25% | $325 | Requires minimum opening deposit of $10,000 in new money; minimum balance to earn APY is $10 after initial deposit |
Sources (1)
- bankatpeoples.com/home/standalone/high-yield-savings · captured Oct 5, 2026
Elite Tiered Money Market
0.05%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $10 and up | 0.05% | $5 |
| $25,000 and up | 0.10% | — |
| $100,000 and up | 0.30% | — |
| $250,000 and up | 0.60% | — |
Sources (2)
- bankatpeoples.com/home/persona…compare-personal-savings
- bankatpeoples.com/home/persona…k/savings/personal-rates
All captured Oct 5, 2026
Growth Savings
0.10%APY
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $10 and upMonthly maintenance fee of $10.00 waived with $2,500 average daily balance.$10 and up | 0.10% | $10 | Monthly maintenance fee of $10.00 waived with $2,500 average daily balance. |
Simple Home Savings
0.10%APY
Available only to residents of Massachusetts and Connecticut; limit one account per person; interest is paid on balances up to $50,000
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $50,000Balances exceeding $50,000 do not earn interestUp to $50,000 | 0.10% | $10 | Balances exceeding $50,000 do not earn interest |
Sources (2)
All captured Oct 5, 2026
Primary Savings
0.05%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $10 and up | 0.05% | $5 |
Special-purpose accounts
Student Savings
0.05%APY
Parent or legal guardian who is at least 18 years old is required to be a joint owner for customers under 18
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $1 and up | 0.05% | $5 |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.