Accounts that Grow with You
Choose one or more of the three easy options below, and let your money start growing. Though we can’t predict the future, we can start preparing for those rainy days now. Let our team tailor a rock-solid savings solution that is perfect for you. With automatic transfers, we can do the work for you and start growing your savings today.
Savings Account Comparison
Choose the account or combination of accounts that will suit your needs the best.
Account highlights | Earn interest and start saving for a rainy day….and for a bright future. | When qualifications are met in Rewards Checking, earn a higher rate! | Earn money market rates and have access to your funds with check writing privileges. |
Linked to Rewards Checking account |
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| Free online & mobile banking app |  | | |
| Free eStatement available | | | |
| Check writing privileges | | ||
| Minimum to open | $100 | $100 | $2,500 |
| Pricing options per month | $3 per month OR $0 per month if you maintain a balance of $300 or more | No monthly charges | $10 per month OR $0 if you maintain an average daily collected balance of $2,500 |
| How do I open my account? | Fill out our online application | Fill out our online application | Fill out our online application |
Certificates of Deposit (CD)
For a low risk saving solution, check out the CDs that Peoples Bank offers. You’ll find special terms and premium rates that not all banks offer. Here are our most popular products:
Type | Rate | APY | Minimum to Open & Obtain APY |
|---|---|---|---|
| 13 Month Special | 1.84% | 1.85% | $10,000.00 |
18 Month FLEX CD** | 1.50% | 1.51% | $1,000.00 |
36 Month Rising CD*** | 1st Year: 1.40% 2nd Year: 1.70% 3rd Year: 2.00%
| Blended APY of 1.72% | $1,000.00 |
Click here for additional rates.
Health Savings Account
Set aside money for healthcare expenses tax-free. Enrolled in a qualified high deductible health plan? An HSA helps you offset out-of-pocket healthcare expenses. . Deposited funds are tax deferred, and as long as you use the money for qualified medical expenses, you’ll never have to pay tax on it. HSA benefits include:
- Contributions are 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. Also, you should check with your employer or insurance carrier to make sure your coverage qualifies as a high-deductible health plan.