Certificate of Deposit (CD)
Certificates of Deposit are a way to earn a predictable, steady return on your investment. Choose the term that fits your needs and keep your money safe, secure, and steadily growing to reach your goals. Contact our team to learn the latest rates and terms on CDs from Peoples Community Bank. Deposits are FDIC-insured.
Individual Retirement Account (IRA)
Individual Retirement Accounts are tax-sheltered plans that help you prepare for your retirement and your future. You can choose a Traditional IRA, in which your contributions are tax-free, and you only pay taxes on investment gains when you withdraw from the account in retirement.
Or you can choose a Roth IRA, in which your contributions are taxable, but your withdrawals are completely tax-free in retirement. Contact our team for more information about IRAs. Peoples Community Bank does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
The Graduate CD
Minimum balance to open the account – You must deposit $100.00 to open this account.
Additional deposits may be made to this account any time with a minimum deposit of $25.00 each.
- Determination of Rate – Rate is determined by the term of certificate.
- Maximum Deposits – Deposits may not exceed $5,000.00 per year.
- Other term – Childs name must be primary owner.
- Effect of closing the account early – There is a penalty for early withdrawal.
Health Savings Account (HSA)
A Health Savings Account lets you save money in an investment account on a pre-tax basis, to be used later for qualified medical expenses, such as deductibles and copays. HSAs are also great if you’re planning for retirement, because you can use the funds for general living expenses once you reach retirement age. Contact Peoples Community Bank to learn how much you can save with a tax-advantaged Health Savings Account.
Traditional IRA – If you are under age 50 in 2026 the maximum IRA limit for contributions that you can make is $7,500.00, up to the amount you make in taxable income in 2026. For example, if you only make $4,000.00 , this is the maximum you can contribute. If you turn 50 or older in 2026, the maximum you can contribute to your IRA account is $8,600.00, up to but not exceeding your 2026 taxable income. This amount includes the $7,500.00 limit that everyone qualifies for, as well as an additional $1,100.00 catch-up contribution. All and/or part of your contributions may be tax deductible.
Roth IRA – If you have both a traditional IRA and a Roth IRA, it is important to know that the 2026 limits apply to combined contributions. Therefore, if you are under age 50, you can invest $2,000.00 into your traditional IRA and up to a $5,500.00 maximum into your Roth IRA, or any other combination as long as the total doesn’t exceed $7,500.00. If you are over 50, any combination of investment up to $8,600.00 is allowed by the federal government. If you have a Roth IRA only, then your maximum 2026 contribution limit is $7,500.00, and if you are over 50, your maximum contribution limit is $8,600.00.
Rollovers and Transfers from a pension, profit sharing, 401K retirement plan or tax sheltered annuity will retain the tax deferred status.
- 2026 HSA Contribution Limits – For a single or self-only coverage, a HSA contribution limit will be $4,400.00.
For those with family coverage, the maximum contribution will be $8,750.00.
For single or family the 55+ catch-up contribution is $1,000.00. - 2026 HDHP Minimum Deductible –For a single individual, a HSA-qualified health plan in 2026 must have a deductible no lower than $1,700.00.
For a family, a HSA-qualified health plan in 2026 must have a deductible no lower than $3,400.00. - 2026 HDHP Maximum Out-of-Pocket Expenses – Self-Only HDHP Coverage: $8,500.00 – Family HDHP Coverage: $17,000.00