Savings Accounts:

People’s Savings

• $100.00 Initial Deposit
• Earns interest on daily collected balance – Compounded & credited quarterly
• Interest rate subject to change
• Service Charge – $3.00 per month – if daily balance falls below $100.00

Peep’s Savings

• Minor account – under the age of 18
• $1.00 Initial Deposit
• No minimum balance requirement
• Earns interest on daily collected balance – Compounded & credited quarterly
• Interest rate subject to change

People’s Christmas Savings

• No Initial Deposit requirement
• Maturity – October 31 of each year
• Earns interest, not compounded – Credited at maturity
• Interest rate subject to change
• Funds direct deposited or mailed by check at maturity

Restrictions & Limitations:

• A charge of $10.00 will be assessed on the account if closed within 90 days of opening. (Does not apply to Peep’s Savings or People’s Christmas Savings)
• Interest begins to accrue on the business day you deposit noncash items (ie: checks)
• If the account is closed before interest is credited, you will not receive the accrued interest.