Savings Accounts

Compare Savings & CD Accounts

Peoples Bank of Alabama offers an assortment of flexible savings accounts for you. Whether you want to set aside your cash for five years and not think about it or you want to write checks from your account, we have the savings account for you.

 

 

Peoples Choice Savings

Relationship Money Market

Certificate of Deposit

Best For Those who want a basic savings account with a minimal daily balance requirement. Those who want a highly competitive rate, plus the liquidity, flexibility and accessibility of a checking account. Those who can deposit funds and leave them on deposit for a specific length of time.
Features
  • Interest paid quarterly
  • Easy automatic transfer between all of your Peoples Bank accounts
  • Limited transactions apply
  • FDIC Insured
  • ATM card available
  • Highly competitive interest rates
  • A $2,500 minimum balance is required to avoid a $10 monthly service charge
  • Online images of paid checks
  • FDIC Insured
  • Withdrawal limits apply
  • Terms from three months to five years
  • Interest computed daily
  • Free electronic transfer of interest
  • FDIC Insured
Min Opening Deposit $100 $2,500 $1,000

 

All Peoples Bank Checking and Savings accounts are variable rate accounts and these rates are subject to change without notice and may vary from branch to branch. The Annual Percentage Yield (APY) assumes principal and interest remain on deposit at the same rate for one year. We use the daily balance method to calculate the interest on your checking or savings account.  This method applies the daily periodic rate to the principal in the account each day.  Interest is paid (credited) and compounded monthly on checking accounts.  Interest is paid and compounded quarterly on savings accounts.