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CDs, IRAs & HSAs

Home Personal Banking CDs, IRAs & HSAs

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Certificates of Deposit (CDs)         Current CD Rates

Certificates of Deposit allow customers to deposit their funds into an account with a set term anywhere from 6 months to 4 years.  These accounts are safe, predictable, and insured by the FDIC. 

Here are our most popular products: 

Savings Rates


Interest Rate


Minimum to Open & Obtain APY

7 Month CD


11 Month CD & IRA Special


18 Month FLEX CD




Individual Retirement Accounts          Current IRA CD Rates

There are two types of IRAs—Traditional and Roth—and both have their advantages. The key is to determine which is right for you. You should consult your tax advisor if you aren't sure. Here are some advantages of each type:

  • Traditional IRA: In a Traditional IRA, you don't pay tax on the earnings until you begin distribution. Depending upon your income level, you may be able to deduct all or a portion of your contributions.  
  • Roth IRA: Contributions are not tax-deductible, but the earnings are tax free once you're ready to use them, as long as you hold the investment for at least 5 years AND you make a qualified distribution.

Please consult your tax advisor regarding the tax benefits of IRAs, as they will be able to provide comprehensive insight.


Health Savings Account (HSA)           Current HSA Rate

An HSA is a special tax-advantaged account created to save for qualified medical expenses.  In order to be eligible to set up an HSA and to make contributions, you must be covered by a qualified high deductible health plan (HDHP).

 Benefits of using a Peoples Bank HSA include:

  • Contributions may be tax deductible
  • Earnings grow tax-deferred
  • Distributions to pay qualified medical expenses are tax free
  • Free debit card and checks are provided for easy access
  • Balances over $300 earn interest
  • No monthly service fees
  • $1 Minimum to open
  • Free online banking

The IRS ultimately determines what's considered a qualified expense, so it's important to keep detailed records.