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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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    Invest for the Future

    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.