Our Classic Savings Account makes it easy to grow your savings. Peoples Bank offers competitive interest rates and personalized service.
- $0 required to open
- $200 minimum daily balance required
- Maintain the minimum $200 daily ledger balance, and we’ll waive the monthly $2.50 service charge.
- Interest Paid Monthly
- Free Online & Mobile Banking
- Free Telephone Banking
- Unlimited transfers and withdrawals in person
Who needs a Classic Savings Account?
Whether you’re saving up for your next vacation or starting an emergency fund to offset unforeseen expenses, our Classic Savings Account can help you achieve your goals. With an interest-bearing account from Peoples Bank, you get paid to save. Put your money to work for you and reach your goals faster at Peoples Bank.
Account Benefits for Younger Customers
It’s never too early to start saving! Teach healthy financial habits by opening a savings account for a child or teenager. As a service to our younger customers, we waive the minimum balance fee on our Classic Savings Account for anyone under the age of 21. At Peoples Bank, we make sure that nothing stands in the way of creating a habit of saving while you’re young.
Partnering with Peoples Bank
As your community bank, Peoples Bank offers products specially tailored to our community. We’re dedicated to listening to our customers and giving back to our communities. Our friendly associates make every effort to be a resource where customers can learn about financial products and services. We always take time to find the best banking solutions for you. Stop by or call us today! Peoples Bank offers nine convenient locations in Northwest Iowa and Southwest Minnesota. We look forward to helping you meet your financial goals.
Dormant Accounts - Accounts with daily ledger balances below $1,000.00 will be charged $2.50 per month if dormant for one year or more.
Balance fee will be waived for all account holders under 21 years of age.
Rate Information – This is an interest-bearing account. The interest rate and annual percentage yield (APY) will depend on daily balance. The interest rate and APY may change. Interest will begin to accrue the business day we receive credit for the deposit of non-cash items (i.e. check).