Personal Savings

All savings accounts offer the option of FREE Online Banking, Mobile Banking and Telephone Banking Services 24 hours a day, 7 days a week, 365 days a year.

 

Statement Savings Account1

A basic interest earning savings plan.

  • $100 minimum initial deposit
  • NO service charge with a minimum balance of $1002
  • Variable interest rate3

Minor Savings Account1

Start children of any age saving at any time with no minimum balance requirement.

  • LOW minimum initial deposit4
  • NO minimum balance
  • NO monthly service charge
  • Variable interest rate3

Certificate Savings Account1

A unique hybrid account that combines the ease of a savings account with the competitive rate of a Certificate of Deposit.

  • $2,500 minimum initial deposit5
  • Unlimited deposits
  • NO maturity date
  • Variable interest rate6
  • One withdrawal per calendar quarter without penalty7

Health Savings Account1

A tax-advantaged personal savings account that can be used to save and pay for qualified health expenses. Must be paired with a High Deductible Health Care Plan. For details, please call or visit your local branch.

Statement Savers Club

The convenience of our Club Account allows you to save year-round for holiday shopping, that perfect vacation getaway, or for any other expenses.

  • Deposits automatically transferred from another Peoples Security Bank & Trust account weekly, bi-weekly, or monthly
  • One-time, customer initiated, withdrawal per calendar year without penalty8
  • Variable interest rate9

(1) Transfer and withdrawal restrictions: As per Regulation D, Savings Account depositors are not permitted to make more than six (6) restricted transfers or withdrawals in any combination per statement cycle. RESTRICTED TRANSFERS AND WITHDRAWALS include automatic or electronic transfers to the account of the same depositor at Peoples Security Bank and Trust if made by autodraft to/from checking or savings; automatic transfers by Telephone Banking, Online Banking or Mobile Banking. Transfers or withdrawals to third parties each month include ACH preauthorized transfers and Automatic transfers by telephone or PSBT Online Bill Pay. UNRESTRICTED TRANSACTIONS: An unlimited number of savings withdrawals or transfers are allowed when made between accounts of the same depositor in the following situations: in person, by ATM, by telephone with a check mailed to the customer, or to repay a loan at PSBT by autodraft.

(2) $5 monthly service charge for balances below $100.

(3) Variable interest rate subject to change at bank’s discretion. Interest is compounded quarterly and paid quarterly to account at the end of the following months: February, May, August and November

(4) Initial deposit of $0.01 or more required.

(5) $25 service charge if balance falls below $2,500.

(6) Variable interest rate subject to change at bank’s discretion. Interest is compounded quarterly and paid quarterly to account at the end of the following months: March, June, September and December.

(7) $25 service charge for every withdrawal made in excess of one per calendar quarter.

(8) $15 fee for each additional withdrawal per calendar year.

(9) Variable interest rate subject to change at bank’s discretion. Interest is compounded annually and paid annually to account at the end of December each year.

FULL DISCLOSURE OF OUR SAVINGS ACCOUNTS IS AVAILABLE UPON REQUEST.

 

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