The Peoples Bank: Savings Fees

Savings Fees

Regular Savings

Quarterly minimum balance fee - $5

Quarterly fee is waived by any of the following:

$200 minimum daily balance
Age 19 or younger

No charge for first 6 withdrawals per quarter

$3 per withdrawal over limit

Christmas Club

Minimum deposit to open – $1

Early account closing fee of $10 if closed before the end of the Club period. Scheduled distribution maturity is October payment.

Money Market Account

Monthly minimum balance fee - $12

Monthly fee is waived by the following:

$2,500 minimum daily balance or $3,500 average daily balance

No charge for first 6 withdrawals per month

$15 per withdrawal or check written over limit

Certificates of Deposit (CD)

Penalty for early withdrawal equals 3 months' interest on the amount withdrawn. On CDs 30 days or less, penalty equals 1 month's interest on the amount withdrawn.

Traditional IRA (Fixed Rate)

Penalty for early withdrawal equals 3 months' interest on the amount withdrawn. On IRAs 30 days or less, penalty equals one month's interest on the amount withdrawn.

Traditional IRA (Variable Rate)

Penalty for early withdrawal equals 3 months' interest on the amount withdrawn. On IRAs 30 days or less, penalty equals one month's interest on the amount withdrawn.

Early account closing fee if closed within 2 years - $30 (waived if balance is transferred to another IRA product with The Peoples Bank)

Roth IRA (Fixed Rate)

Penalty for early withdrawal equals 3 months' interest on the amount withdrawn. On IRAs 30 days or less, penalty equals one month's interest on the amount withdrawn.

Roth IRA (Variable Rate)

Penalty for early withdrawal equals 3 months' interest on the amount withdrawn. On IRAs 30 days or less, penalty equals one month's interest on the amount withdrawn.

Early account closing fee if closed within 2 years - $30 (waived if balance is transferred to another IRA product with The Peoples Bank)

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