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Savings, CDs, IRAs

Home Personal Savings, CDs, IRAs

Make Saving Simple with a Savings Account, CD or IRA from Peoples Bank & Trust

Establishing a good saving habit is useful whether you are 5, 35 or 65 years old. Saving money is a skill that serves you well for life. At Peoples Bank & Trust, saving is easy with the savings accounts, CDs and IRAs we offer.



Certificates of Deposit (CD)

CDs offer a secure place to grow your money over a longer period of time. CDs at Peoples Bank & Trust range in maturities from 6 months to 60 months, and the funds in a CD account are protected by the FDIC up to $250,000, per depositor, per institution. The minimum balance required to open a CD account is $1,000. Rates and maturities are as follows:

TermInterest Rate*APY
6 months1.50%1.51%
12 months2.50%2.52%
13 month special 5.00%5.10%
24 months2.50%2.52%
36 months2.75%2.78%
48 months3.00%3.03%
60 months3.25%3.29%

* Annual percentage yield (APY) is accurate as of 05/13/2024. These rates may change at any time without prior notice. After your CD is opened, the interest rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account.

Savings Accounts

A savings account is the foundation for any savings plan. By giving you a safe place to save your money, a savings account at Peoples Bank & Trust helps keep you on track. We offer two savings accounts:

  • Regular Savings Account:
    • $25 to open
    • earns interest on balances $60 and over
    • 18 withdrawals per quarter
    • Six (6) preauthorized transfers per monthly statement cycle
  • Christmas Club Savings Account:
    • $5 to open
    • A great place to save all year long for holiday expenses
    • Interest is added to your account balance on the last day of the activity period
    • Your check is sent to you for the entire balance of the account during the third week of October

Come by any Peoples Bank & Trust office to learn more about our savings accounts and open one today. 

Individual Retirement Accounts (IRAs)

Saving for retirement doesn't have to be full of anxiety. Retirement accounts offer a place for you to save for the future so you can live the life you want in retirement. Peoples Bank & Trust offers retirement accounts for various tax and use needs:

  • Traditional and Roth IRAs
  • Simplified Employee Pension (SEP) IRA
  • Education/Coverdell IRA

For more information about our retirement accounts, contact a New Accounts Representative at Peoples Bank & Trust (tax questions should be directed to your tax advisor).