Welcome To Peoples Bank      
Home

Savings Account


Rate information The interest rate and annual percentage yield may change weekly or at our discretion.

Compounding and crediting frequency Interest will be compounded and credited to the account quarterly.

Effect of closing an account If the account is closed before interest is credited, interest will not be paid.

Daily balance computation method We use the daily balance method to calculate interest.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of the interest on the non-cash deposits Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Transaction Limitations:

Transfers from a savings account to another account or to a third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.