Peoples State Bank - Deposit Rates

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Deposit Rates

All rates quoted as Annual Percentage Yield (APY) and subject to change without notice.

Certificate of Deposit
	Minimum*	Minimum*	Minimum*	Minimum*
Term	$500	$10,000	$25,000	$100,000
3 Month	0.10%	0.10%	0.10%	0.25%
6 Month	0.10%	0.10%	0.10%	0.25%
1 Year	0.35%	0.40%	0.45%	0.50%
18 Month	0.40%	0.45%	0.50%	0.55%
2 Year	0.40%	0.45%	0.50%	0.55%
3 Year	0.40%	0.45%	0.50%	0.55%
4 Year	0.40%	0.45%	0.50%	0.55%
5 Year	0.55%	0.60%	0.65%	0.70%
APY calculation assumes interest is compounded semi-annually on deposit terms of one year or longer. A withdrawal will reduce APY. Early withdrawal of a Certificate of Deposit will be subject to penalty. * Minimum required to open account and to obtain APY.

Interest Bearing Deposit Accounts
	$0 - $9,999.99	$10,000 - $24,999.99	$25,000 - $99,999.99	$100,000 - $999,999.99	Over $1,000,000
Money Market Account	0.05%	0.10%	0.15%	0.20%	0.25%
The rate may change after the account is opened. Interest is compounded monthly on Money Market accounts. Fees for failure to maintain a $1,000 minimum balance could reduce the earnings on the account. Minimum to open account is $100.
NOW Checking					0.05%
The rate may change after the account is opened. Interest is compounded monthly on NOW accounts. Fees for failure to maintain a $1,000 minimum balance could reduce the earnings on the account. Minimum to open account is $100.
Peoples Premier 50 Gold					0.05%
The rate may change after the account is opened. Interest is compounded monthly on Peoples Premier 50 Gold Accounts. Receive several benefits for low monthly fee of $4.00. Minimum to open account is $100.
Peoples E-Checking					0.05%
Peoples State Bank is "Going Green" with Peoples E-Checking. The rate may change after the account is opened. Interest is compounded monthly on E-Checking accounts. Minimum to open account is $100.

Interest Bearing Savings Accounts
Regular Savings	$100 Min Opening Deposit	0.05%
The rate may change after the account is opened. Interest is compounded quarterly for Regular Savings Accounts. A $1.00 service charge per withdrawal applies after the fifth withdrawal of the month. Maintain a minimum balance of $10 to obtain APY. Fees could reduce the earnings on the account.
Christmas Club	$10 Min Opening Deposit	0.05%
The rate may change after account is opened. $10 minimum balance to earn APY.

Young PEOPLES Investment Plan
$0 - $9,999.99	$10,000 - $24,999.99	$25,000 - $99,999.99	Over $100,000
0.40%	0.45%	0.50%	0.55%
The rate may change after the account is opened. Interest is compounded quarterly for Young PEOPLES Investment Plan Accounts. Penalty may be imposed for withdrawal prior to age 18. Minimum to open account is $250.

Retirement Accounts
Traditional IRA's			0.50%
Roth IRA'S			0.50%
The rate may change after the account is opened. Interest is compounded annually for Retirement Accounts.

Health Savings Accounts
Health Savings Accounts			0.05%
The rate may change after the account is opened. Interest is compounded monthly for Health Savings Accounts.

Please contact us for more information about Applicable Fees and Terms
Effective Date: May 1, 2020

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Peoples State Bank
Phone:(800)280-1074 24-hour Touch Tone Banking:(800)281-0214