| Regular Checking | Basic Checking | PeoplesPlus Checking | Investment CheckingRegular Savings | Christmas Club Savings | Certificate of DepositRegular Checking There is no service charge on our regular checking account as long as the minimum balance of $1,000 is maintained. Should your balance fall below $1,000, the following charges will apply: Minimum Balance
| Monthly Service Charge | $500.00 to $999.99
| $4.00 per statement cycle | | $0.00 to $499.99 | $6.00 per statement cycle |
We have special accounts available to full-time students and senior citizens. Basic Checking
No minimum balance to be maintained. A monthly service charge of $4.00 is applied to the account. Eight (8) free withdrawals per month, $0.50 per withdrawal after eight. PeoplesPlus Checking PeoplesPlus membership entitles you to a large variety of banking services. For a small monthly fee, you will receive free accidental death insurance, free Identity Watch®, discounts on hotels, free personalized checks, discounts on prescription drugs and prescription eyewear, three free cashier checks or money orders each month and many more free banking services at no extra charge. Monthly charge is discounted for interest bearing and senior citizen accounts. Investment Checking This is a tiered-rate checking account with the annual percentage yield and interest rate determined by your average collected balance per statement cycle. Unlimited number of checks allowed. $0 to $1,499.99
| will earn no interest | $1,500 to $2,999.99
| current rates upon request | $3,000 to $24,999.99
| current rates upon request | | $25,000 or more | current rates upon request |
Should the balance fall below $1,000, the following charges will apply: $500 to $999.99
| $8.00 per statement cycle
| $0 to $499.99
| $10.00 per statement cycle
|
NOTE: A minimum deposit of $200 is required to open a checking or savings account, with the exception of youth accounts.
Regular Savings
A convenient way to accumulate and invest your money. We use the daily balance method to calculate the interest on the account. You are allowed four (4) withdrawals per quarter. A charge of $3.00 per withdrawal will be assessed beyond the fourth withdrawal. A charge of $2.00 will be assessed in the month the current balance falls below $200.
Christmas Club Savings
It’s a great way to save money through the year for the extra expenses you have during the holiday season. Automatic payments must be set up from your checking account or savings account.
Certificates of Deposit (CDs)
Type Minimum Deposit 182 day $2,500
| 1 year $1,000
| 2 years $1,000
| 3 years $1,000
| | 5 years $1,000 |
Call (502) 484-3466 for current CD rates. * Rates subject to change, and federal regulations require
a penalty for early withdrawal. FDIC Temporary Liquidity Guarantee Program
Peoples Bank & Trust Company is participating in the FDIC Transaction Account Guarantee (TAG) Program. Under this program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for an unlimited amount in the account. As of July 1, 2010, NOW accounts qualify for the unlimited guarantee only under certain restrictions. All existing deposit accounts, including NOW accounts, are covered by the normal aggregate FDIC $250,000 guarantee. Please ask any teller how your NOW account can become guaranteed beyond $250,000. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Please be aware that any sweep arrangements that result in funds being transferred or reclassified to an interest-bearing account will void the FDIC guarantee.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
| |
|
