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Open a Savings Account

Peoples Community Bank makes it easy to start saving money. With our excellent savings account options, you can start creating your own safety net for when life throws you a curveball, or when you’re ready for a well-deserved vacation.

At Peoples Community Bank, every customer is a part of the family. That’s why we take great care to provide helpful information about each service we offer. Here are some key terms and details to know about your Savings Account. Please reach out to our friendly customer care team with any questions!

Compounding and crediting frequency – Interest will be compounded every quarter. Interest will be credited to your account every quarter.

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

Minimum balance to open the account – You must deposit $50.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $1.00 will be imposed every month if the balance in the account falls below $50.00 any day of the month.

Rate information – Your interest rate and annual percentage yield may change. 

Determination of rate – At our discretion, we may change the interest rate on your account.

Accrual of interest on non cash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations – Transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per month.

Fees – An excessive withdrawal fee of $1.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of two during a calendar month. This fee will apply at bank’s discretion.

Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

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Little Peoples Savings

Who said saving money can’t be exciting? Start teaching kids that saving can be fun at an early age with the Peoples Community Bank “Little Peoples Savings.” With low minimum balance requirements and fun activity books and prizes, kids will love putting their allowance in the account.

Minimum balance to open the account – You must deposit $5.00 to open this account.

Special Features – Fun activity books will be given when each new account is opened.  Each time a deposit is made into this account the account holder will be invited to pick a prize from the Treasure Chest.

Accrual of interest – This account begins earning interest when the balance reaches $25.00.  Account will be converted to a regular savings account at the age of 12, and will accrue interest at the current savings account interest rate and annual percentage yield.

Transaction limitations – A maximum of 6 withdrawals are allowed per month.

Fees – An excessive withdrawal fee of $1.00 will be charged for each withdrawal in excess of six during a statement cycle.

Christmas Club Account

Find a new way to save with the Christmas Club Account! Finding the funds for those expensive gifts can be hard at the end of the year. With our Christmas Club Account, you can make it easier! You pick how much you want to deposit monthly and we will help make sure your holiday is a little less financially stressful. Be sure to ask a member of our team for more details.

Minimum balance to open the account – You must deposit $5.00 to open this account.

Transaction Limitations – You may not make any withdrawals from this account before the club maturity date. This is a great way to eliminate the temptation of spending those Christmas funds!

Fees – A service charge fee of $5.00 will be charged if all scheduled payments are not met.

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Choose Peoples Community Bank

When you choose Peoples Community Bank, you’ll be treated like family each and every time you walk in our doors. Contact us today for more information about our savings account or visit one of our branches. Find the Peoples Community Bank near you on our Branch Locations Page.