Traditional Individual Retirement Accounts (IRA)

IRAs allow you to save for retirement tomorrow while enjoying income tax benefits today (consult with your tax advisor for details). While many retirement investment options may be risky, your IRA at The Peoples Bank is safe and secure, protected by FDIC insurance up to $100,000. We will help you setup an IRA strategy that will pay handsome dividends!
Traditional IRA – Fixed Rate

• Available to anyone younger than 70-1/2 years with earned income
• Choice of CDs with a wide range of maturity terms
• Automatically renewable
• Interest accrues daily and is credited quarterly or at maturity

  Penalties may be imposed for early withdrawals
  Minimum deposit to open - $500

Traditional IRA – Variable Rate

• Complete flexibility to make deposits whenever you want!
• Available to anyone younger than 70-1/2 years with earned income
• Interest accrues daily and is credited quarterly
• Penalties may be imposed for early withdrawals
• Early account closing fee if closed within two years (waived if balance is transferred to another IRA product with The Peoples Bank)
  Minimum deposit to open - $100

• Money Market
• Regular Savings
• Christmas Club
• Certificates of Deposit (CD)
• Roth Individual Retirement Accounts

Click here to view Savings Fees