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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
  • Excessive transaction fee: $5
  • 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.
  • Excessive transaction fee: $5

 

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:

                               CD - Certificate of DepositMoney MarketHealth

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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


Product offerings and features may differ among geographic locations. With your ZIP code, we can make sure you see accurate information. To change the location, click on the zip code above.

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.