Savings, CDs, IRAs

Make Saving Simple with a Savings Account, CD or IRA from Peoples Bank & Trust

Establishing a good saving habit is useful whether you are 5, 35 or 65 years old. Saving money is a skill that serves you well for life. At Peoples Bank & Trust, saving is easy with the savings accounts, CDs and IRAs we offer.

CHECK OUT OUR SPECIAL CD RATES!

*Annual Percentage Yield. Rate effective November 18, 2024. $1000 minimum deposit to open and earn advertised APY. Penalty for early withdrawal. Fees may reduce earnings. Offer may be withdrawn without notice.

Certificates of Deposit (CD)

CDs offer a secure place to grow your money over a longer period of time. CDs at Peoples Bank & Trust range in maturities from 6 months to 60 months, and the funds in a CD account are protected by the FDIC up to $250,000, per depositor, per institution. The minimum balance required to open a CD account is $1,000. Rates and maturities are as follows:

Term	Interest Rate	*APY
6 months	1.40%	1.41%
12 months	2.40%	2.42%
24 months	2.40%	2.42%
36 months	2.50%	2.52%
48 months	2.60%	2.63%
60 months	2.70%	2.73%

* Annual percentage yield (APY) is accurate as of 11/18/2024. These rates may change at any time without prior notice. After your CD is opened, the interest rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account.

Savings Accounts

A savings account is the foundation for any savings plan. By giving you a safe place to save your money, a savings account at Peoples Bank & Trust helps keep you on track. We offer two savings accounts:

• Regular Savings Account:
  • $25 to open
  • earns interest on balances $60 and over
  • 18 withdrawals per quarter
  • Six (6) preauthorized transfers per monthly statement cycle
• Christmas Club Savings Account:
  • $5 to open
  • A great place to save all year long for holiday expenses
  • Interest is added to your account balance on the last day of the activity period
  • Your check is sent to you for the entire balance of the account during the third week of October

Come by any Peoples Bank & Trust office to learn more about our savings accounts and open one today. 

Individual Retirement Accounts (IRAs)

Saving for retirement doesn't have to be full of anxiety. Retirement accounts offer a place for you to save for the future so you can live the life you want in retirement. Peoples Bank & Trust offers retirement accounts for various tax and use needs:

• Traditional and Roth IRAs
• Simplified Employee Pension (SEP) IRA
• Education/Coverdell IRA

For more information about our retirement accounts, contact a New Accounts Representative at Peoples Bank & Trust (tax questions should be directed to your tax advisor).