Savings
Opening a savings account with Peoples Savings Bank provides you with the tools you need to hit your financial goals. Whether you are looking to save for a new car, kid’s college fund, retirement or simply to set money aside for those unexpected expenses that life throws at you, PSB’s savings accounts are built to grow with you!
Regular Savings Accounts
Save for emergencies or just for fun! Save for those infrequent or unplanned expenses.
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- $50.00 opening deposit
- $50.00 minimum balance
- Interest earned at current rate
- Free Online & Mobile Banking
Additional Terms:
Debit Charge of $1.00 each in excess of five withdrawals per calendar month
ATM Card Fee – $12.00 + tax per year (ATM card fee is waived with eStatements)
Minimum Balance fee of $0.50 per month will be imposed if balance falls below $50.00 any day of the month
Monster Saver
Join the Monster Saver Club and help develop good savings habits for the kids in your life. This account is designed specifically to introduce children to the importance of saving money for the future and features many benefits to help encourage children to save!
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- PSB deposits $5.00 when you open an account
- Happy Birthday!! PSB deposits $5.00 on every birthday (up to age 14)
- Pick a treasure from the Monster Vault with each deposit
- Interest earned at current rate
- No opening account deposit required
- No debit fees, service charges or dormant fees
Christmas Club Savings
Save throughout the year to help make next year’s Christmas season stress free.
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- $10.00 minimum automatic monthly deposit required
- $10,000.00 maximum deposit per year
- Receive funds via deposit or check on November 1st each year
- Interest earned at current rate
- No opening account deposit required
- No minimum balance
- No debit fees, service charges or dormant fees
Individual Retirement Accounts (IRA)
Choose between pre-tax contributions with a Traditional IRA or after-tax with a Roth IRA.
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- No minimum opening deposit
- IRS contribution limits apply
Available IRA Types:
- Traditional IRA
- Roth IRA
- Beneficiary IRA
Additional Terms:
Transfer out and closing fees apply
Certificate of Deposit (CD)
Invest your money and watch it grow. Competitive interest rates with multiple term options, giving you the power and flexibility to provide guaranteed return without risking your savings!
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- $1,000 opening deposit required
- Terms ranging from 6 months to 5 years
Additional Terms:
Early withdrawal penalties apply
Irrevocable Funeral Plan Trust
This is a formal irrevocable trust that helps people save for funeral, cremation and/or burial expenses.
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- $500 opening deposit required
Additional Terms:
Funds cannot be withdrawn after deposit until an invoice is received from a funeral home or cremation service
Account is subject to State maximum limits
