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Savings Accounts

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 balance $300 $25,000
Interest rate 0.10% APY *Variable tiered rates pay higher APY on higher balances. Details >>
Online Banking Included Included
Monthly fee $3 fee waived with $300 monthly balance $15 fee waived with $25,000 minimum monthly 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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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 Varies from $500 to $10,000 $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 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.