Savings & Money Markets

Four ways to save

Whether you want to save a little or set aside larger balances for better interest rates, The Peoples Bank has the savings or money market account for you!

Personal Checking Accounts Table
  Regular Savings Steady Saver Money Market Money Market Plus
Who is it for? Anyone who wants a simple way to earn interest while setting money aside For those who don’t want to be tempted to dip into their savings while saving for the holidays, vacations, taxes, etc. People who want to earn a better interest rate than a traditional savings account People who want to earn a better interest rate than an ordinary money market account
Minimum balance to open $50.00 $5.00 $1,000.00 $2,500.00
Minimum balance to maintain $50.00 No minimum $1,000.00 $2,500.00
Monthly fee1

$5.00

(waived if minimum balance requirement is met, you are at least 62 years old or this is a UTMA custodial account for a minor)
No fees

$5.00

(waived if minimum balance requirement is met)

$7.00

(waived if minimum balance requirement is met)
Earns Interest2 Yes Yes Yes Yes
Withdrawal limits

6 per month

($5.00 fee for each withdrawal beyond 6)

3 per year

($25.00 fee for each withdrawal beyond 3)

6 per month

($5.00 fee for each withdrawal beyond 6)

6 per month

($5.00 fee for each withdrawal beyond 6)
Mobile Banking Yes Yes Yes Yes
Telephone Banking Yes Yes Yes Yes

 

Savings Account Rates

Comparison table of Savings Account Rates
Account Type Minimum Balance To Open Minimum Required Balance to Obtain APY Interest Rate APY* Footnote 
Regular Savings $50 $0.01 0.08% 0.08% (1), (2), (3)
Steady Saver $5 $0.01 0.10% 0.10% (1), (7)
Money Market $1,000 $0.01 0.05% 0.05% (1), (3), (4)
Money Market $1,000 $1,000.00 0.10% 0.10% (1), (3), (4)
Money Market Plus $2,500 $0.01 0.10% 0.10% (1), (3), (5)
Money Market Plus $2,500 $2,500.00 0.25% 0.25% (1), (3), (5)
Money Market Plus $2,500 $10,000.00 0.25% 0.25% (1), (3), (5)
Money Market Plus $2,500 $25,000.00 0.30% 0.30% (1), (3), (5)

Savings calculator

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