Personal Savings


  • Interest Paid Quarterly
  • Minimum Balance of $100 Required
  • 6 Debits Allowed per Quarter
  • Free Online Banking
  • *Only $5.00 fee if balance falls below $100 or if the debits exceed 6 in a quarter.
  • Fees could reduce the earnings on accounts. Rates subject to change without notice. Variable rate accounts. Rates subject to change after account is opened.
  • Call for current rate information


  • One of the owners must be a minor, below 18 years of age.
  • No minimum balance required
  • 6 Debits Allowed per Quarter
  • Free Online Banking
  • *The account will change to a Regular Savings account as soon as minor reaches 18 years of age.


  • Minimum Balance of $2500 Required
  • 6 Debits Allowed per Month
  • Interest varies based on account balance
  • Free Online Banking
  • *$15 Service Charge applies Per Each Statement Cycle that Balance Falls Below $2500 or the number of debits exceeds 6 per month.



A Health Savings Account (HSA) from Peoples Bank is a great way to save for your health care deductible and eligible health related expenses while taking advantage of tax savings.

Anyone is eligible for a Peoples Bank HSA as long as you have a High Deductible Health Plan and meet the IRS requirements.

  • Interest Paid Quarterly
  • 6 Debits Allowed per Quarter
  • Free Online Banking


A certificate of deposit (CD) is a time deposit in which you commit a specific amount of money for a specific period of time. Peoples Bank will pay you a set interest rate. Contact any of our locations to inquire about CD Rates.

  • $1,000 Minimum to Open
  • Terms 12 Months to 4 Years
  • Subject to Penalty upon early withdrawal


An Individual Retirement Account (IRA) is a tax-advantaged savings vehicle for retirement. We would be honored to assist you with an IRA.

Account Features & Requirements:

  • $1000.00 minimum to open
  • Subject to penalty upon early withdrawal
  • IRAs are put in Certificate of Deposits at Peoples Bank
  • An Individual Retirement Arrangement (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.

There are a number of different types of IRAs, which may be either employer-provided or self-provided plans. The types include:

Roth IRA

Contributions are made with after-tax assets, all transactions within the IRA have no tax impact, and withdrawals are usually tax-free.

Traditional IRA

Contributions are often tax-deductible (often simplified as “money is deposited before tax” or “contributions are made with pre-tax assets”), all transactions and earnings within the IRA have no tax impact, and withdrawals at retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions that were not deducted). Depending upon the nature of the contribution, a traditional IRA may be referred to as a “deductible IRA” or a “non-deductible IRA.”


A provision that allows an employer (typically a small business or self-employed individual) to make retirement plan contributions into a Traditional IRA established in the employee’s name, instead of to a pension fund account in the company’s name.

Simple IRA

A simplified employee pension plan that allows both employer and employee contributions, similar to a 401(k) plan, but with lower contribution limits and simpler (and thus less costly) administration. Although it is termed an IRA, it is treated separately.
There are two other subtypes of IRA, named Rollover IRA and Conduit IRA that are viewed as obsolete under current tax law (their functions have been subsumed by the Traditional IRA) by some; but this tax law is set to expire unless extended. However, some individuals still maintain these accounts in order to keep track of the source of these assets. One key reason is that some qualified plans will accept rollovers from IRAs only if they are conduit/rollover IRAs.