Savings
Target Savings
Whether you’re planning for educational expenses, a dream vacation, home renovations, or want to build your rainy-day fund, a PeopleFirstBank Target Savings account can safely grow your money.
Statement Savings
Maximize your savings and build a brighter future with PeopleFirstBank. Start with our Statement Savings account with an opening balance of only $100. This is perfect for you if you are opening your first savings account.
Money Market
If you’re looking for an account for your cash reserves, then a PeopleFirst Bank Money Market account is an ideal solution for you. Our Money Market account offers tiered interest rates while allowing you easy access to your money when you need it.
Max Rate Savings
Why settle for a promotional rate when your local community bank is paying the Max Rate on our premium savings product? This tiered rate account is ideal if you plan to maintain a higher balance in your savings account.
Premier Money Market
If you’re looking for an account for your cash reserves, then a PeopleFirst Bank Money Market account is an ideal solution for you. Our Money Market account offers tiered interest rates while allowing you easy access to your money when you need it.
All of our accounts offer these free benefits:
- Free Online Banking
- No charge at PeopleFirstBank ATMs
- Free E-Statements
Compare Our Savings Accounts
Account
Target Savings
Statement Savings
Money Market
Max Rate Savings
Premier Money Market
| Minimum Opening Deposit | $100.00 | $100 | $2,500.00 | $2,500.00 | $2,500.00 |
| Minimum Balance | None | Minimum balance of $500 (excludes first cycle) | Daily Balance of $2,500 or Average Daily Balance of $25,000 | Daily Balance of $10,000 or Average Daily Balance of $25,000 | Daily Balance of $10,000 or Average Daily Balance of $25,000 |
| Maintenance Fee | None | No account maintenance fee when you maintain a minimum balance of $500 | No account maintenance fee when you maintain the minimum balance or the average daily balance at any time during the statement cycle | No account maintenance fee when you maintain the minimum balance or the average daily balance at any time during the statement cycle | No account maintenance fee when you maintain the minimum balance or the average daily balance at any time during the statement cycle |
| Interest | Variable Tiered Interest Rates based on your account balance | Variable Interest Rate – Paid quarterly* | Variable Tiered Interest Rates based on your account balance* APY paid on entire balance in accounts | Variable Tiered Interest Rates based on your account balance APY paid on entire balance in accounts | Variable Tiered Interest Rates based on your account balance APY paid on entire balance in accounts |
| Additional Benefits | Target Saver links to a high interest checking account |
*No interest paid if minimum balance is not maintained
Minor Savings
It’s never too early to start teaching your kids about the importance of saving. Learning how to handle money at a young age will build a strong foundation for the future.
Features
- Minimum Opening Deposit $50
- Variable interest rate – Paid quarterly*
- Minimum balance of $100 (excludes first cycle)
- No account maintenance fee when you maintain a minimum balance of $100
*No interest paid if minimum balance is not maintained
Certificate of Deposit
If you have the flexibility to leave your funds on deposit for a longer time period, this account is perfect for you. We offer a wide range of terms, from 30 days to 5 years. Pick a term that meets your needs and start earning a guaranteed fixed interest rate. Contact one of our branches for current rate information and annual percentage yield.
CDARS
(Certificate of Deposit Account Registry Service)
CDARS provide access to security and peace of mind beyond the standard FDIC insurance maximum. Now you can make multi-million dollar deposits and be eligible for FDIC insurance. Everything is handled through PeopleFirstBank. Your large deposit is broken into smaller amounts and placed with other banks that are members of this special network. You’ll receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned and other details.
IRA's
If you’re interested in growing your savings for retirement without risk, our IRAs offer a competitive rate, FDIC backed insurance, and the benefits of saving in a tax-advantaged account. Don’t lose sleep worrying about your retirement.
Ready to get started?
To open your checking account, just stop by one of our convenient branch locations and see a Banker today. We will provide you with our rates and disclosures.