Savings

Savings Account

It’s comforting to know that you can tuck some money into a local savings account and earn interest for when you need it. You can open a Peoples Savings Account with only $100, and add more whenever it’s convenient. You’ll get a competitive interest rate on any size balance, plus, we give you total access with online and mobile banking. We’re just a quick drive away—or as close as your phone, so let’s do this.

  • Earn interest with no minimum balance required
  • Online Banking
  • Mobile Banking*
  • eStatements
  • Low $100 minimum deposit to open an account

*Wireless carrier data rates may apply.

Money Market Account

With a money market account at The Peoples Bank, you’ll have access to online and mobile banking, as well as eStatements. We’ve got all the expertise you need, right here in Anderson and the surrounding communities. It only takes $500 to get started, so let our team set you up!

  • Online Banking
  • Mobile Banking*
  • eStatements
  • Only $500 minimum opening deposit
  • Monthly maintenance fee if balance drops below $500

*Wireless carrier data rates may apply.

Christmas Savings

Your friends at The Peoples Bank want you to have a nice holiday nest egg for Christmas shopping! We can open your Christmas Savings account with only $50, and you can make additions to it throughout the year. You’ll earn holiday interest the whole way, and we’ll write a check for the total in early November. We’ll help you start stuffing your stocking now! How’s that for community Christmas spirit?

  • No minimum balance required to earn interest
  • Save small amounts throughout the year
  • Funds paid by check the first week of November
  • Online Banking
  • Mobile Banking*
  • Low $50 minimum deposit to open account
  • Early withdrawal penalty may apply

*Wireless carrier data rates may apply.

Certificates of Deposit (CDs)

As a trusted community bank, we offer a variety of savings options. A CD is a great choice for higher returns than regular savings that don’t depend on the stock market. You choose the amount to invest, starting at $500—and you choose the term, up to 60 months. Longer terms earn higher interest, and we provide FDIC insurance on all CDs for protection. Let our local bankers focus on your personal circumstances—and guide you through risk-free investment with guaranteed returns!

  • Earn at a higher rate than regular savings accounts
  • Increased rates on longer-term CDs
  • Guaranteed returns for the length of your CD term
  • Funds are FDIC insured for protection
  • Terms range from 32 days to 60 months (5 years)
  • $500 minimum deposit to open
  • Early withdrawal penalties apply

ICS and CDARS – Safe, Simple Cash Management with Expanded FDIC Coverage

You can rest easy, knowing every dollar you invest locally at The Peoples Bank is securely protected. We value the trust you place in us here at home, especially with substantial interest-bearing deposits. Like other institutions that offer CDARS, we are a member of the IntraFi network. When we place your funds through the CDARS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in CDs at multiple banks. When we place your funds through the ICS, IntraFi Cash Service, that deposit is placed into money market accounts at multiple banks. As a result, you can access coverage from many institutions while working directly with us at The Peoples Bank. Safeguard your personal CD and money market investments with true community banking convenience.

  • Retain FDIC insurance on CD investments up to $50 million
  • See all CD summaries on one easy-to-read monthly statement
  • Enjoy one consistent banking relationship
  • Simplify money management with one year-end tax form
  • Insure deposits beyond the $250,000 FDIC limit
  • Feel good knowing your funds stay local

To learn more about how ICS and CDARS work, find answers to common questions and access other helpful information by clicking the button below.

Learn More

Individual Retirement Account (IRAs)

Have you been dreaming about your ideal retirement? It’s never too early to start planning, and the neighborhood professionals at The Peoples Bank are ready to help. They can set up a tax-advantaged Traditional or Roth IRA account, with competitive rates and a secure pathway to your golden years. You don’t need a giant bank for great dividends! There are no setup fees, so step into a plan with options for your specific goals—and have the money you need when you’re ready.

  • Tax-advantaged* retirement savings
  • Traditional and Roth IRA options
  • No setup fees
  • $100 minimum deposit to open

*Consult a tax advisor.