Saving money for the future is important but it's not always easy to do. At Peoples State Bank, we want to help you save for the future. Select the savings plan that's right for you and start saving for tomorrow.
Statement Savings is an ideal way to get started saving. You'll earn a competitive interest rate that is compounded and paid quarterly.
Junior Savings is a great way to help children and teens (17 years and younger) learn basic banking skills and the value of saving early in their lives. No minimum balance to maintain. Interest credited quarterly.
Christmas Club Savings is designed to help you save throughout the year for your planned purchases during the holiday season. Automatic regular deposits are encouraged to help you reach your savings goal. Checks are mailed in early November. A $15 penalty will be charged on all withdrawals before the first of November each year.
Premium Money Market provides you immediate access to your money while earning a higher interest rate than most savings or checking accounts. The step-up feature allows you a higher rate of return with the more you have on deposit. Requires a minimum $2,500 opening deposit and higher interest is paid at $10,000, $25,000, $50,000 and $100,000 levels.
Certificates of Deposit (CD) are designed for investors who want to invest their money for a specific period of time. Terms range from 3 months to 5 years. CD's earn a higher rate of return than most savings instruments and are FDIC insured. Ask about our latest CD SPECIALS!
Individual Retirement Accounts (IRA) are personal tax shelter accounts that help you save for retirement. Traditional, Roth, and Educational IRA's are available. Ask our experienced professionals for more information and rates.