Personal Savings
SAVINGS
Your Savings account will earn interest on deposited funds. It’s a great way to put money away for something special or a rainy day. Minimum opening deposit is $100 ($1 for minor accounts). Minimum average daily balance to avoid a $3 monthly service fee is $200. No monthly fee for account owners under 18 or 50 years and over. Withdrawal limitations apply.*
GOAL SAVERS
Get an added boost to your savings when you open a Goal Savers account. We’ll deposit $25 into your Goal Savers account when you meet the following criteria: maintain an active People’s Bank checking account, sign up for FREE Online Banking, and set up a monthly automatic transfer or direct deposit of at least $25 into your Goal Savers Account.** Minimum opening deposit is $25 ($1 for minor accounts). Minimum average daily balance to avoid a $3 monthly service fee is $200 (after 1st year). No monthly fee for account owners under 18 or 50 years and over. Withdrawal limitations apply.*
MONEY MARKET
Enjoy the benefit of earning interest with premium rates and still have the convenience of check writing. A tiered rate structure allows higher account balances to earn higher interest. The $10 monthly service charge is waived by maintaining the $1,000 minimum average daily balance. Withdrawal limitations apply.*
CERTIFICATES OF DEPOSIT
$500 minimum opening deposit. Select a maturity date that best fits your needs. Rates are tiered based on amount invested. Flexible terms from 7 days to 10 years are available. Early withdrawal penalties apply. View Rates
*Federal regulations limit Savings and Money Market withdrawals to six pre-authorized withdrawals per month. Pre-authorized withdrawals include but are not limited to: ACH debit, telephone transfers, online banking transfers, overdraft protection and checks.
**Eligibility for the $25 incentive requires that the following four components be operational for 60 days: 1. People’s Bank Checking account; 2. People’s Bank Online Banking account; 3. Goal Savers account; 4. monthly automatic transfer or direct deposit of $25 minimum into the Goal Savers account. Average monthly balance of $200 will be required after 12 months of account opening, otherwise $3 monthly service fee will apply. Service charges and other applicable fees may reduce earnings. Offer limited to one per customer; does not apply to second or multiple accounts or existing accounts that have been closed and reopened. Accounts closed within 90 days of opening will be assessed a $25 account closure fee. We may report to the IRS the value of any premium and any applicable taxes are the responsibility of the recipient. Business, public accounts and employees of People’s Bank are not eligible. Offer and rates subject to change without notice.
