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    Personal Savings Accounts

    Whether it's saving for next summer's family vacation or building a financial foundation for retirement, Peoples Bank has a savings account to help.

    A Personal Savings account from Peoples Bank is a convenient way to manage your long-and short-term cash needs. It is easy to save with regular auto-transfers from your Peoples Checking Account.

    A Personal Premium Savings account is a great way to grow your nest egg. You'll enjoy the benefit of money market-style rates with higher yields for higher balances. There are no early withdrawal penalties with Personal Premium Savings, so you can save for your future and enjoy the liquidity of a traditional savings account. Compare the two savings accounts below.
     

     
    Personal Savings
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    Personal Premium Savings
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    Minimum daily balance to avoid monthly service charge $300 $25,000
    Interest rate 0.05% Annual Percentage Yield (APY) *Variable tiered rates pay higher Annual Percentage Yield (APY) on higher balances. Details >>
    Online Banking Included Included
    Monthly service charge $3 service charge waived with $300 daily balance $15 service charge waived with $25,000 minimum daily balance
    Penalty for early withdrawals No No
    Initial deposit required to open the account $100 $100
    Well suited for these savings goals Children's savings accounts, balances less than $25,000. Saving with the option to withdraw without penalty. Balances greater than $25,000. Saving with the option to withdraw without penalty.
     
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    Looking for more long-term savings accounts or a savings account that earns higher interest rates? Consider one of these savings accounts:

    CD - Certificate of Deposit Money Market Health Savings Account

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    From college planning to retirement, we have the tools to help you reach your goals.

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    This information is for your ZIP Code of 49048

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    Compare Personal Savings Accounts

      Personal Savings » Personal Premium Savings » Certificates of Deposit » Money Market » Health Savings Account »
    Minimum Daily Balance to Avoid Monthly Service Charge $300 $25,000 n/a $1,000 None
    Monthly Service Charge (if below minimum) $3 $15 $0 $10 $3 applies regardless of balance
    Minimum Balance to Open $100 $100 Varies $100 $100 to open
    Penalty for Early Withdrawals No No May apply No No
    Interest Rate Details » *Tiered rates pay higher Annual Percentage Yield (APY) on higher balances. Details » Fixed and variable rates available and are tiered based on balance. Details » *Tiered rates pay higher Annual Percentage Yield on higher balances. Details » Variable tiered rates pay higher Annual Percentage Yield on higher balances. Details »
    Ability to Write Checks No No No Yes Yes
    Well Suited to These Savings Goals Children's savings accounts, balances less than $25,000. Saving with the option to withdraw without penalty. Balances greater than $25,000. Saving with the option to withdraw without penalty. Longer-term savings goals with no anticipated need to withdraw during CD's term. Earn a competitive interest rate while retaining immediate access to your funds. Pair this account with a high-deductible health plan (HDHP).

    Refer to our Miscellaneous Fee Schedule for complete details and fee information.