What are the different types of accounts offered by People's United Bank?
People's United Bank offers a range of account options to cater to various financial needs. The different account types include checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Checking accounts provide convenient access to funds for everyday transactions, while savings accounts allow for earning interest on deposits. Money market accounts offer competitive interest rates and liquidity, ideal for short-term savings. CDs provide higher interest rates for fixed periods, ensuring steady growth for long-term goals. Additionally, People's United Bank offers IRAs for retirement planning, with traditional, Roth, and SEP options available. Each account type has unique features and benefits, ensuring there is a suitable option for every individual's banking requirements.
Answered Nov 1, 2023
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