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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?

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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.