Savings
Whether you’re looking to get your child signed up for their very first savings account or hoping to build up an emergency fund, Peoples Federal has several options to choose from.
Types of Savings Accounts
Money Fund Account
- $1,000 minimum balance requirement
- $10 monthly service fee if average daily balance falls below $1,000
- Tiered interest rates, paid monthly
Statement Savings Account
- $100 minimum balance
- Interest paid monthly
- $5 monthly service fee if average daily balance falls below $100
Passbook Savings Account
- $25 minimum balance
- Interest paid monthly
- $5 monthly service fee if average daily balance falls below $25
Christmas Savings Account
- $5 minimum balance
- Interest paid monthly
- No withdrawals permitted
- Account pays out annually in October by transfer to another PFSL account
Certificates of Deposit
If you’re looking for a savings option with a higher return on your investment, a certificate of deposit (CD) is a good choice. You choose the term that works best for you. Except for the six-month term, all of these certificates are also available as an individual retirement account (IRA).
How Much Can I Save?
Use our savings calculator to determine how much you can save over a period of time!
