What are the different types of accounts offered by People's United Bank?
Asked 2 years ago
People's United Bank offers a variety of account types designed to meet the diverse needs of its customers, both personal and business. For personal banking, there are several categories of accounts. One of the primary options is the checking accounts, which include basic checking, interest-bearing accounts, and those with specific features like no fees for certain balances. These accounts typically provide easy access to funds through debit cards and online banking.
Additionally, People's United Bank provides savings accounts aimed at helping individuals save money over time. These savings accounts often come with competitive interest rates and may have different tiers based on account balance. There are also specialized savings accounts, such as certificates of deposit, which offer higher interest rates for customers willing to commit their funds for a fixed term.
For those interested in retirement planning, People's United Bank offers Individual Retirement Accounts, commonly known as IRAs. These accounts provide tax advantages for individuals saving for retirement.
On the business side, the bank has tailored accounts to support small and large businesses. Business checking accounts come with features designed for easy management of cash flow, and there are also specific savings and credit options available to help businesses grow.
Customers can find additional information on the specific terms, features, and benefits of these accounts by visiting the current web page dedicated to accounts, ensuring they have the most up-to-date information. Each type of account is designed to fulfill specific financial goals and cater to different customer preferences.
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