Savings Accounts & CDs

Whether you are putting away money for a special purpose, building personal wealth, or saving for an unexpected expense, Peoples Exchange Bank offers a variety of savings options to help you reach your short and long-term financial goals.


Statement Savings

Get back to your savings basics. This interest earning account offers a great way to prepare for the future, and start building your financial safety net.

  • $100 Minimum opening deposit
  • Daily balance of $100 – no maintenance fee
  • Daily balance below $100 - $3 fee per statement cycle
  • Interest Bearing
  • 6 Transactions per statement cycle
  • $1 Each – Excess transaction fee
  • ATM Card Available
  • Direct Deposit Available
  • Paper or e-Statement
  • FDIC Insured


REALSaver 

Link this convenient savings account together with your REWARDChecking or REALCashBack account as a built-in savings tool to help you set aside more money each month. Each month your REWARDChecking or REALCashBack rewards will automatically transfer into REALSaver, so you end up with more money in your nest egg!

  • Earns competitive interest rate when qualifications are met with REWARDChecking or REALCashBack
  • No minimum balance
  • No monthly service charge
  • Automatic, built-in savings tool
  • Enroll and receive e-Statements
  • FDIC Insured

You must have a REWARDChecking or REALCashBack account in order to open a REALSaver account, and the REWARDChecking or REALCashBack account must remain open throughout the period that you hold the REALSaver account. In the event that you close your REWARDChecking account, we reserve the right to close your REALSaver account.

Qualifications, limits and other requirements apply.  Contact Peoples Exchange Bank for more information.

*REALSaver accounts are limited to six (6) pre-authorized transfers, which include checks, drafts, or similar order made to third parties per month.


Money Market Advantage

Earn a higher rate of interest while you maintain easy access to your funds and have the added benefit of check writing.

  • $2,000 Minimum opening deposit
  • Monthly balance below $2,000 - $10 monthly fee
  • Monthly balance of $2,000 or above - no monthly fee
  • Higher tiered interest rate structure
  • ATM/Debit Card Available
  • Paper or e-Statement
  • FDIC Insured

*Money Market Advantage accounts are limited to six (6) pre-authorized transfers, which include checks, drafts, or similar order made to third parties per month.


Health Savings Account (HSA)

Prepare for the rising costs of health care with a Health Savings Account (HSA) - giving you tax-advantaged savings for qualified medical expenses. An HSA is an effective way to provide for your physical health and financial health while reducing your tax payments. That's three life-changing benefits packed into one simple account.

  • No setup or annual fees
  • Contributions are tax free or tax deductible*
  • Interest grows tax free
  • Withdrawals are tax free when used for qualified medical expenses**
  • Money rolls over year-to-year automatically
  • HSA is owned by you, not employer
  • Easy withdrawal access by check, online, teller
  • $50 Minimum deposit to open
  • Paper or e-Statement

*Direct deposit contributions from paycheck mean that portion of your income is not taxed. If contributions are made after income was taxed, the amount deposited is tax deductible. Consult your tax professional.

**Withdrawals for non-qualified medical expenses are subject to income tax and a penalty. The penalty is waived for persons 65 and over or who have become disabled.

To be eligible for participation in a HSA you:

  • Must be covered under a qualified, high deductible health plan
  • Must not have coverage by another type of health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare
  • Contribution limits are set by the IRS
  • A person age 55 or older may make additional contributions


Individual Retirement Accounts (IRA)

Saving for your retirement is one of the most important and challenging financial goals you will face. And at Peoples Excahange Bank, we know from experience that everyone has a different plan in mind.

  • Traditional and Roth IRAs
  • Multiple Deposits Available
  • FDIC Insured
  • Possible Tax Benefits*

*Consult a tax professional.


Certificates of Deposit (CDs)

Peoples Exchange Bank offers a variety of CDs from 30 days to 5 Years. With short-term or long-term options, you get a competitive interest rate and guaranteed returns. It is a great way to make the most of your money. Your rate is locked in for the length of the term and your money is FDIC insured.

  • Competitive, Fixed Interest Rates
  • Terms from 30 Days to 5 Years
  • FDIC Insured

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