Skip to Content
  • Search
  • Preferred Branch

    Kankakee, IL

    (815) 936-7600

    Your Preferred Branch

    Kankakee Downtown Office

    Change Location

    333 E. Court Street
    Kankakee, IL 60901

    Phone: (815) 936-7600
    Fax: (815) 932-5009

    Lobby Hours

    Mon - Fri 8:00am - 5:00pm

    Sat 8:00am - 12:00pm

    Drive Through Hours

    Mon - Fri 8:00am - 6:00pm

    Sat 8:00am - 12:00pm

    View Driving Directions

    Change Preferred Branch

    • Bourbonnais Office
      315 Main NW - Bourbonnais

    • Kankakee Downtown Office
      333 E. Court Street - Kankakee

    • Manteno Office
      198 South Creek Drive - Manteno

  • Menu

Rewards Saver

Home Personal Savings Rewards Saver

Earn Up To 0.35% APY*

This account allows you to earn as much as possible and "automatically" help you save for life's big moments. As long as you have opened the Rewards Checking account, you qualify to have this Rewards Saver account! You have the chance to earn higher interest, and receive automatic deposits of your checking interest and ATM fee refunds** into your Saver account!

Benefits of Rewards Saver

  • 0.35% APY on all balances if qualifications are met in your Rewards Checking account each monthly qualification cycle
  • Interest and ATM fee refunds automatically deposited into Saver Account
  • Free Online Banking
  • Free Mobile Banking with Text Alerts
  • Free e-Statements
  • No monthly charge or minimum balance required to earn rewards
  • Minimum to open account is $100.00


Qualifications for Rewards Saver

Three simple qualifications to meet in your Rewards Checking for each monthly qualification cycle:

  1. 12 or more debit card purchases must post and settle to Rewards Checking
  2. At least 1 Automatic Payment or Direct Deposit must post and settle to Rewards Checking
  3. Enroll in and agree to receive eStatements


What if qualifications are not met for a monthly qualification cycle?

Your Rewards Checking account will still function as a free account, and your Rewards Checking and Saver accounts will both earn 0.05% APY; however, your Rewards Checking account will not receive ATM fee refunds for that time period. You can begin earning your rewards the very next month.  

Interest Rates for Rewards Saver

When qualifications are met, you get the highest rewards. Check this out:

  • 0.35% APY on all balances if qualifications in Rewards Checking are met each monthly qualification cycle
  • 0.05% APY on all balances if qualifications are not met in Rewards Checking

Apply now Check Out Rewards Checking



*Annual Percentage Yield (APY) is accurate as of 12/01/2022. See Rate Sheet for more details. Must have Rewards Checking account to qualify to have Rewards Saver Account. No minimum balance is required to obtain the account's rewards. There are no recurring monthly service fees associated with this account. Fees may reduce earnings. When qualifications are met in your Rewards Checking account during the Monthly Qualification Cycle: Your Rewards Checking receives 0.51% APY on balances up to $15,000, and balances over $15,000 earn 0.10% APY on the portion of the balance over $15,000 resulting in a range from 0.51% APY – 0.15% APY depending on the balance. Your Rewards Saver receives 0.35% APY on all balances. **You receive reimbursements up to $25 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. If qualifications are NOT met during the Monthly Qualification Cycle: All balances on your Rewards Checking and Saver accounts earn 0.05% APY and nationwide ATM fees are not reimbursed. Transactions and activities may take one or more business days from the date the transaction or activity occurred to post and settle to the account. See Rewards Checking for details. The Monthly Qualification Cycle and the Statement Cycle begin on the first business day of the month and end on the last business day of the month. If you have a Rewards Saver account linked to your Rewards Checking account, the interest does not compound in that account since it is transferred into the Rewards Saver account. The Rewards Saver APY may be less than the Rewards Checking APY. We use the daily collected balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to your account every month on the last day of the current Statement Cycle, as assumed by the APY disclosed above. Interest begins to accrue no later than when we receive credit on non-cash items (for example, checks). Transfers from your Rewards Saver to another account or to third parties by pre-authorized, automatic, telephone, mobile banking or computer transfer are limited to six per calendar month with no transfers by check, draft, debit card or similar order to third parties. There is no limit on the number of withdrawals or transfers between your Peoples Bank accounts in person or at an ATM.  Excess withdrawals may result in your account being closed. There is a limit of 1 account per social security number. This account is not to be used for commercial purposes. Enrollment in electronic services (e.g. online banking, electronic statements) will be required to meet some of this account's qualifications. Your mobile carrier's message and data rates may apply.

An account that is closed within 6 months of the opening date will be charged a fee of $20.