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MaxEarnings Checking Account

Let Your Money Work For You with 5.00% APY¹

Peoples Security Bank & Trust’s high-yield MaxEarnings Checking Account is a fantastic opportunity to make the most of your savings while enjoying the convenience of a checking account. Enjoy this interest-bearing account on balances that exceed $0.01, and enjoy a premium annual percentage yield (APY) of 5.00%¹ by meeting straightforward banking relationship criteria. Maximize your earnings effortlessly.

Plus, with features like free online and mobile banking, managing your finances becomes a breeze. Start maximizing your potential with our high-yield MaxEarnings Checking Account by applying today and watch your money grow!

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or find a branch in PA, NY, or NJ

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Banking at Your Fingertips

FREE Online & Mobile Banking for seamless account management. You can even apply online today!

Bank Your Way with Unlimited Transactions

No limits on withdrawals or deposits—your money, your rules.

Access Cash Anywhere, Anytime

Over 55,000 surcharge-free ATMs in the Allpoint® network worldwide & a FREE MasterCard® Debit Card.

Maximize Your Earnings Monthly

Interest is compounded and credited every month to boost your savings.

Get started today!

Complete this quick form, CHAT with us, call us at 1.844.PSBT.NOW, or stop by any of our community offices across Pennsylvania, New York or New Jersey to speak with a banker today.

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or find a branch in PA, NY, or NJ

MaxEarnings Checking Account Features

Grow Your Savings with 4.89% Interest¹

Earn a premium high-interest rate of 4.89%¹ on balances up to $5,000.00² when you meet criteria, with a 5.00% Annual Percentage Yield (APY)¹

Have at least 15 debit card purchases of $5.00 or more post and settle per statement cycle.
Enroll and receive online statements in place of paper statements.
Have at least one qualifying direct deposit.
Tiered interest rates based on the following balance ranges:
- Tier 1 - $0.01 to $5,000.00
- Tier 2 - $5,000.01 and above²
$25.00 minimum opening deposit.
Unlimited withdrawals & deposits.
$5.00 monthly service charge if average daily balance³ falls below $100.00 (fee is waived with a recurring direct deposit).
Accounts not meeting the qualifications and balances exceeding $5,000.00, will earn the standard rate.
Variable interest rates may change at any time at the bank's discretion; no minimum balance to earn interest.
Interest is compounded and credited monthly and is based on the daily balance⁴ method.

High-Interest Online Checking Accounts for Residents in PA, NY, and NJ

Peoples Security Bank & Trust (PSBT) offers interest-bearing checking accounts like the MaxEarnings Checking Account to residents of Pennsylvania, New York, and New Jersey. With 39 branch locations and access to 55,000+ surcharge-free ATMs, this account provides the convenience of in-person banking alongside the ability to manage your checking account online. Enjoy the benefits of earning interest while managing your finances seamlessly.

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or find a branch in PA, NY, or NJ

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DISCLOSURES*

(1) Annual Percentage Yields (APYs) and interest rates are variable and may change at any time including after account is opened. APYs and interest rates are accurate as of 02.18.2025. You may contact any branch location to obtain the most current rate and APY information. Fees may reduce earnings.

(2) Balances over $5,000 earn 0.05% interest rate on the portion of the balance over $5,000, resulting in a range from 5.00% to 0.05% APY depending on the balance. This range assumes a $5,000.01 - $110,000 account balance, although higher balances are accepted.

(3) Average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

(4) Daily balance method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Please contact us for current rates and annual percentage yields (APYs).

To view current rates, click here.

High-Yield MaxEarnings Checking FAQs

A high-yield checking account is a type of personal bank account that offers higher interest rates than traditional checking accounts, allowing you to earn more on your deposits. These accounts combine the flexibility of standard checking accounts—including the ability to write checks, mobile banking, and use a debit card—with the benefit of earning more interest. They often come with specific requirements such as minimum balance thresholds, a certain number of transactions per month, or direct deposit setup to maintain the higher rate.
For more information on what’s required to earn the highest interest rate on your high-yield MaxEarnings checking, view our “Features” section up above.

Whether a high-yield checking account is worth it depends on your ability to meet the account's criteria consistently. For instance, imagine you maintain a balance of $5,000 in a high-yield checking account that offers a 4.89% interest rate. To qualify for this rate, you need to make at least 15 debit card purchases of $5 or more each month, enroll in online statements, and receive at least one direct deposit per statement cycle.
If you naturally meet these requirements through your regular spending and banking behavior, the account can be very beneficial, effectively earning you around $244.50 in interest annually on your $5,000.

Unlock the full potential of your money with our tiered high-yield checking account, MaxEarnings. Enjoy an impressive 4.89% interest rate on balances up to $5,000 by simply making at least 15 debit card purchases, enrolling in online statements, and receiving direct deposits each month. For balances over $5,000, continue to earn with a steady rate of 0.05% on the excess amount. Whether you're saving big or small, our account adjusts to give you the best possible return, making sure your money works as hard as you do. Start maximizing your earnings today and see your savings grow!

You can open a high-yield MaxEarnings checking account at Peoples Security Bank & Trust today by visitng one of our 39 branches across Pennsylvania, New York, or New Jersey today. Feel free to call us for more information at 888.868.3858! Find a branch here.