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A Statement Savings account from Peoples Bank earns interest while you maintain easy access to your hardworking money. This account allows periodic transfers among Peoples Bank accounts, direct deposit of payroll or other types of checks via Peoples Online Banking, Peoples Mobile and phone transfers.
Earn Interest and Easily Access Your Money
Account earns interest while giving you easy access to your money.
Savings as Overdraft Protection
Link your Statement Savings account to any Peoples Bank checking account for automatic Overdraft Protection. This means that if your checking account is overdrawn, Peoples will automatically transfer money from your statements savings.¹
Statement Savings Accounts are FDIC Insured up to $250,000.
Minimum Balance Requirement
A minimum $200 daily balance is required to avoid a $2 monthly fee on this account.
A $10.00 monthly fee will be assessed if there are more than six debit transactions per monthly statement cycle (or per month when quarterly statement cycle). This fee applies to all types of withdrawals and transfers including those made in person.
If this account is closed within 180 days of opening, then a $25 fee will be assessed.
Fees may reduce the earnings on the account
1 $10 Fee for each transfer applies
What You'll Need
When you apply, youï¿½ll need to provide us with some information about yourself. For a faster application process, have the following information on hand:
- Initial Deposit
- A valid form of identification including: Driver's license, State ID, or Passport
- Social Security number or federal ID number
- Proof of current address
- Co-applicant's personal information (if applicable)