At Peoples Independent Bank, we understand the importance of savings plans to help our customers reach their personal financial goals or have cash reserves for unexpected emergencies. Therefore, we offer a variety of services to assist you in having the money you need when you need it.
The following savings plans have been designed to help secure your financial future. Stop by today and talk with any of our new accounts representatives. We are ready to discuss your individual goals and the best way to achieve them.
All depository relationships are, of course, insured by the Federal Deposit Insurance Corporation (FDIC).
Personal Savings Account
- Minimum opening deposit of $100
- Current variable market rate of interest is compounded quarterly
- No monthly service charge
- Up to six withdrawals per cycle at no charge (cycle times may vary based on type of transactions)
- $1 per withdrawal in excess of six
- Automatic transfer services to other Peoples Independent Bank accounts
- Direct deposit at no charge
Christmas Club Savings (starting April 2017)
- $5 Required To Open
- Interest Bearing, Paid When Account Is Closed Unless It Is Closed Early
Certificate of Deposit Account
- CD accounts ranging from 90 days to three years
- Competitive fixed-rates
- Minimum opening deposit of $500
- Substantial penalty for early withdrawal
Individual Retirement Account
- Put aside money today for your future!
- Depending on income, tax liability on funds may be deferred
- Traditional IRA’s expanded to include new benefits
- Variety of IRA’s available, including ROTH and Education IRA’s
- Please contact bank for details