Personal Savings

Savings Accounts are one of the most popular and simple ways to achieve your financial goals.

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.

Account features:

Access to funds through in-branch withdrawals
Low minimum balance requirement to avoid service charges
Provides opportunity to teach children how to save money

Fee Schedule

Minimum daily balance to avoid monthly service charge: $300
Monthly service charge if below minimum: $3
Minimum opening deposit: $100
Interest is compounded daily and paid monthly
Effect of fees may reduce earnings. This is a variable rate account; rate is subject to change without notice.

*Minimum opening deposit, minimum balance and service charges are waived when the primary account holder is 18 years old or younger.

Personal Savings Rates

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Personal Premium Savings

This premium 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.

Account Features

Access to funds through in-branch withdrawals
Tiered rate structure rewards you with higher rates for higher balances
Make deposits as often as you wish

Fee Schedule

Minimum daily balance to avoid monthly service charge: $25,000
Monthly service charge if below minimum: $15
Minimum opening deposit: $100
Interest is compounded daily and paid monthly.
Effect of fees may reduce earnings. This is a variable rate account; rate is subject to change without notice.

Personal Premium Savings Rates

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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:

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What About Checking?

Every savings needs a checking account. Find one that’s right for you.

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This information is for your ZIP Code of 49048

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	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).