Savings and Investment Accounts at The Peoples Bank
Whether you’re saving for a rainy day or a special purchase, our savings accounts give you flexibility and excellent interest. Stop in one of our four convenient locations and open yours today!
Regular
- $10.00 minimum opening deposit
- Earns a competitive interest rate
- Interest is accrued daily and compounded monthly
- Maintain $500.00 balance to avoid $5.00 monthly service charge
- $3.00 quarterly paper statement fee*
Little Peoples
- $10.00 minimum opening deposit
- No minimum balance
- Under 18 years old
- Earns a competitive interest rate
- After reaching the age of 18 years old, your account will be converted to a Regular savings account.
- A Regular savings account has a $5.00 monthly service fee if your balance falls below $500.00 on any day within your statement cycle.
Christmas Club
- $10.00 minimum opening deposit
- Checks issued annually in October
- $10.00 penalty for early closing
- Earns competitive interest rate
Certificates of Deposit
- Minimum deposit requirements
- Earns competitive interest rate
- Interest can be:
- Compounded quarterly
- Monthly Check
- Quarterly check
- Terms Range from 91 days to 60 months
- Penalty for early withdrawal
Young Investor
- $100.00 minimum opening deposit
- Earns competitive interest rate
- Must be opened with a child’s social security number and with an adult as custodian (UTMA)
- Additional funds ($25.00 minimum) may be deposited at any teller window
- Term of 12 months – automatically renewable
- Certificate can be retained until first maturity after reaching the age of 21
- Savings book to be provided for recordkeeping
IRA’S
- Certificate of Deposit (Traditional and Roth)
- $500.00 minimum opening deposit
- Earns a competitive interest rate
- Terms range from 91 days to 60 months
- Tax advantages
- Savings (Traditional)
- $50.00 minimum opening deposit
- Flexible account with no set term
- Variable rate
- Tax advantages
- SEP
- Offers retirement plans for self-employed individuals or the small business and their employees
- Coverdell Education Savings Account (CESA)
- Save for a child’s education expenses on a tax-deferred basis
- Contributions are non-deductible
- Distributions are tax free
Enhance your savings by scheduling periodic automatic transfers from your Peoples Bank Checking Account to your Peoples Bank Regular Savings Account.
Incurred maintenance and/or activity fees could reduce the earnings on accounts.
The following services are available on all Peoples Bank Savings Accounts:
- Free Notary Service
- Combined Statements
*$3.00 paper statement will be waived with enrollment of eStatements.
