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