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The Peoples Bank Taylorsville

Account Rates and Yields

*All listed rates and yields are current as of 10/30/2019.  
    The interest rate and annual percentage yield may change after account opening.


Ask us for details. Account disclosures that include current rates, terms, and fees (if applicable) are available at both
The Peoples Bank locations

Certificates of Deposit & Individual Retirement Account Interest Rate APY* Min. Initial Deposit
91 Day (3 Month) 0.05% 0.05% $500 CD / $100 IRA
182 Day (6 Month) 0.05% 0.05% $500 CD / $100 IRA
273 day (9 Month) 0.05% 0.05% $500 CD / $100 IRA
12 Month (1 Year) 0.15% 0.15% $500 CD / $100 IRA
13 Month 
(1 Year, 1 Month)
0.15% 0.15% $500 CD / $100 IRA
18 Month (1 1/2 Year) 0.15% 0.15% $500 CD / $100 IRA
24 Month** 
(2 Year, No Penalty)
0.05% 0.05% $500 CD / $100 IRA
24 Month (2 Year) 0.20% 0.20% $500 CD / $100 IRA
30 Month*** (2 1/2 Year) 0.20% 0.20% $500 CD / $100 IRA
36 Month (3 Year) 0.25% 0.25% $500 CD / $100 IRA
48 Month (4 Year) 0.30% 0.30% $500 CD / $100 IRA
60 Month (5 Year) 0.35% 0.35% $500 CD / $100 IRA

CD & IRA Account Disclosures


  • You must deposit $500 to open a CD account and $100 to open an IRA account.
  • $500 Minimum Balance to Obtain APY on CD accounts and $100 Minimum Balance to Obtain APY on IRA accounts.
  • Annual Percentage Yield assumes that interest will remain on deposit until maturity, a withdrawal will reduce earnings.
  • Early withdrawal penalties.
  • You have 10 calendar days after the maturity date to withdraw funds without penalty.
  • We use the daily balance method to calculate the interest on your account.
    This method applies a daily periodic rate to the principal in the account each day.
  • View our FDIC page to determine the amount to which your account will be insured.
  • Rates may vary if amounts, terms or other conditions vary from those posted.

Original Maturity Penalty
12 Months or Less 3 Months Interest
Greater than 12 Months 6 Months Interest
*Annual Percentage Yield. Fees paid may reduce the earnings on these accounts. Early Withdrawal Penalties may apply and reduce the earnings on these accounts. APY on CD or IRA products is based on quarterly compounding.
** If you withdraw any principal before the maturity date, we may impose a penalty of seven (7) days interest on the amount withdrawn if closed before the first six (6) days of deposit as required by Federal regulations. After the first six (6) days no further penalty will be imposed during the term of the account.
*** The interest rate and annual percentage yield may change. At your discretion, you may change the interest rate on the account ONE time during the term of the certificate. The interest rate on your account will be adjusted to the rate in effect for the same term CD or IRA on the day of the adjustment and will be paid until maturity date.

Transaction Amounts Interest Rate APY* Min. Balance Min. Daily Balance
Performance Checking
($1,000.00 - $9,999.99)
0.01% 0.01% $1,000 $1,000
Performance Checking
($10,000.00 - $24,999.99)
0.03% 0.03% $10,000 $10,000
Performance Checking
($25,000 - $59,999.99)
0.03% 0.03% $25,000 $25,000
Performance Checking
($60,000.00 - $99,999.99)
0.05% 0.05% $60,000 $60,000
Performance Checking
($100,000.00+)
0.10% 0.10% $100,000 $100,000
Money Market
($0.00 - $999.99)
0.01% 0.01% $1,000  up to $999.99
Money Market
($1,000.00 - $9,999.99)
0.01% 0.01% $1,000 $1,000
Money Market
($10,000.00 - $24,999.99)
0.03% 0.03% $10,000 $10,000
Money Market
($25,000.00 - $59,999.99)
0.03% 0.03% $25,000 $25,000
Money Market
($60,000.00 - $99,999.99)
0.05% 0.05% $60,000 $60,000
Money Market
($100,000.00+)
0.20% 0.20% $100,000 $100,000
Statement Savings 0.05% 0.05% $100 $1
Christmas Club Savings 0.05% 0.05% $5 $5

Transaction Account Disclosures

      
  • Initial deposit required to open is listed under Min. Balance column.
  • Minimum Daily Balance requirement is listed under Min. Daily Balance column. 
  • We use the Daily Collected Balance method to calculate interest on your account.
    This method applies a daily periodic rate to the daily collected balance in the account.
  • A $10 service charge will be charged per statement cycle if the account falls below Daily Balance Requirement.
  • Interest will be compounded and credited monthly.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items
    (for example, checks).
  • Interest Rate may change at any time.
  • Fees may reduce earnings.
  • There is no charge for unlimited point of sale (debit) transactions.
  • ATM usage fees may be applied by the owner/operator of the ATM.
  • View our FDIC page to determine the amount to which your account will be insured.


Savings Disclosures

  • An initial deposit of $100 is required to open this account.
  • A minimum balance fee of $2 will be imposed every month if the balance in the account falls below $100
    any day.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items
    (for example, checks).
  • We use the Daily Collected Balance method to calculate the interest on your account.
    This method applies a daily periodic rate to the Daily Collected Balance in the account.
  • Interest will be compounded and credited to your account on a quarterly basis.
  • Withdrawals from a Savings account by check, ACH, POS or telephone transfer are limited to six per month.
    A fee of $2 each is assessed for additional withdrawals.
  • Interest rate may change at any time.
  • Fees may reduce earnings.
  • View our FDIC page to determine the amount to which your account will be insured. 


Christmas Club Disclosures

  • An initial deposit of $5 is required to open this account.
  • A minimum daily balance of $5 must be maintained to obtain the disclosed annual percentage yield.
    Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items
    (for example, checks).
  • We use the Daily Collected Balance method to calculate the interest on your account.  This method applies a daily periodic rate to the Daily Collected Balance in the account.
  • Interest will be compounded and credited to your account on an annual basis.
  • Withdrawals are not allowed; funds are paid out annually.
  • Interest rate may change at any time.
  • View our FDIC page to determine the amount to which your account will be insured.
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