Senior Statement Savings Account
Secure Your Funds with a Classic Savings Account for Ages 55+
Whether you’re retired, planning for retirement, or simply looking for a savings account designed for customers age 55 and older, the Peoples Bank Senior Statement Savings account can help you save confidently. Earn interest, receive direct and Social Security deposits, and enjoy convenient access to your money through online and mobile banking.
Senior Statement Savings Account Features
A savings account remains an important financial tool throughout retirement and beyond. Even after leaving the workforce, many individuals benefit from having a dedicated account for emergency savings, future travel plans, healthcare expenses, and everyday financial flexibility.
Earn Interest as You Save
Watch your Senior Statement Savings account grow over time by earning interest on balances of $100 or more
Make Saving Automatic
Automatically deposit eligible payroll or Social Security benefits directly into your account
Lower Balance Requirements
The Senior Statement Savings Account offers lower minimum balance requirements than a traditional savings account
Quarterly Statements
Choose eStatements or continue receiving quarterly paper statements without an additional statement fee
Online & Mobile Banking1
Check balances, review transactions, transfer funds, and monitor your savings within online and mobile banking
Overdraft Protection2
Link your savings account as an overdraft protection option for your Peoples checking account
FDIC-Insured Security
Your money is FDIC insured up to $ 250,000, helping protect the money you’ve worked hard to save
When You Open a Statement Savings Account
Discover Why We’re the Best Bank to Open an Account With
Open a Senior Statement Savings account by applying online or visiting your local branch in OH, WV, KY, VA, MD, or Washington, D.C.
1There is no cost to download the Peoples Bank Mobile app, but standard rates and fees may apply from your wireless carrier.
2Certain qualifications and fees may apply based on the type of protection selected.
3Rate may change after the account is opened.