Savings and Money Markets Accounts
Regular Savings
- $100 Minimum initial deposit
- Interest calculated on collected daily balances over $100 (credited to the account quarterly)
- 9 Withdrawals allowed per quarter (each additional withdrawal is $2.00)
- A $2.00 inactive fee will be assessed if the account balance is below $10.00 and the account has had no activity for 1 year
- $10 quarterly fee if balance falls below $25
- Quarterly statements
Piggy Bank
- A junior savers account for those 17 years old and younger
- $25 Minimum initial deposit
- No Minimum Balance
- Interest calculated on collected daily balance (credited to the account quarterly)
- 9 Withdrawals allowed per quarter (each additional withdrawal is $2.00)
- No Dormant account fee
- Quarterly statements
Money Market
- $1000 Minimum Balance
- Under $1000, there is a $10.00 account maintenance fee
- Limited to 6 withdrawals per month ($10.00 for each additional withdrawal)
- Monthly Statements with check images
- Variable Market Interest Rate, paid monthly, calculated on the collected daily balance
Money Market Investment
- Minimum Balance to Open $10,000
- Under $1000, there is a $10.00 account maintenance fee
- Limited to 6 withdrawals per month ($10.00 for each additional withdrawal)
- Monthly Statements with check images
- Commercial Accounts Only - $.07 per item deposited not drawn on Peoples Bank
- Variable market interest rate, paid monthly on deposit tiers, calculated on the collected daily balances