Deposit Accounts

Peoples Bank offers the following deposit accounts:

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Student Checking

  • No minimum amount to open
  • No service charge
  • Must be full time student 25 yrs old or under
  • Students under age of 18 must have a guardian sign on the account
  • 300 free wallet checks per year (style: single wallet topaz)

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Regular Account

  • $100.00 minimum deposit to open
  • If your monthly balance is $500.00 or over for the statement period, you will not be charged a service charge or per check and/or ACH debit (check/debit) fee per item.
  • If your monthly balance is between $0.00 and $99.99 at anytime during the statement period, you will be charged a service charge of $6.00 and a $.20 per check and/or ACH debit (check/debit) fee per item(when item post to the account).
  • If your monthly balance is between $100.00 and $299.99 at anytime during the statement period, you will be charged a service charge of $5.00 and a $.20 per check and/or ACH debit (check/debit) fee per item(when item post to the account).
  • If your monthly balance is between $300.00 and $499.99 at anytime during the statement period, you will be charged a service charge of $4.00 and a $.20 per check and/or ACH debit (check/debit) fee per item (when item post to the account).
  • Cost of checks according to choice

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Peoples Plus Checking Account

  • $100.00 Minimum opening deposit
  • PPI $9.00/Month service charge w/$10,000.00 accidental death insurance
  • 600 Free checks per year (style: single wallet blue)
  • No minimum daily balance requirement
  • First year safe deposit box rent free (size:small)
  • Interest paid on balances over $1000.00

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Classic Friends Checking

  • No minimum amount to open
  • 55 Years old or older
  • No service charge – unlimited check writing
  • 10% Discount off any size safe deposit box
  • Interest paid on any balance
  • Free wallet checks per year (style: single wallet emerald)

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NOW Account

  • $1000.00 Minimum balance
  • Interest accrues daily, compounds monthly
  • You must maintain a minimum balance of $1000.00 in the account each day to obtain the disclosed annual percentage yield.
  • If your monthly balance falls below $1,000.00 on any day in the month, your account will be subject to a $7.00 service charge for the month and a $.30 per check and/or ACH debit (check/debit) fee per item (when item post to the account).
  • Cost of checks according to choice

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Money Market Account

  • $2500.00 Minimum balance
  • Variable rate interest accrues daily, pays monthly
  • You may make 6 transfers each four week or similar period
  • If your monthly balance falls below $2,500.00 on any day in the month, your account will be subject to a $7.00 service charge for the month and a $.30 per check and/or ACH debit (check/debit) fee per item (when item post to the account). Withdrawals over the six permitted will be charged a withdrawal fee of $6.00 per check and/or ACH debit (check/debit) fee per item (when item post to the account) for each excess transaction during each statement cycle.

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Savings Personal/Non Personal Savings

  • $100.00 Minimum deposit
  • If your balance falls below$500.00 on any day in the month, your account will be subject to a $2.00 service charge for that month.
  • Interest accrues daily and pays quarterly
  • All withdrawals over six per quarter will be charged a withdrawal charge of $3.00 per withdrawl.
  • A fee of $10.00 will be charged if account closes within 90 days of account opening.

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Moola Moola Savings Account for Children up to Age 12

  • $10.00 Minimum deposit
  • Social Security card for child and driver license and Social Security card for parent or guardian required for identification to open account
  • Interest accrues daily and compounds semi-annually
  • Withdrawals after 6 per semi-annual cycle will be charged a withdrawal fee of $3.00 per withdrawal. A fee of $10.00 will be charged if account is closed within 6 months of date account is opened.
  • Child receives a t-shirt with each new account

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Certificate of Deposit

  • $500.00 Minimum deposit
  • See one of our CSRs for rate and term information

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Christmas Club Savings

  • $5.00 Minimum opening deposit
  • No withdrawals permitted
  • Interest accrues daily and pays annually, checks mailed out in November
  • A fee of $10.00 will be charged if the account closes before maturity.

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