High Yield Savings Accounts

Compare Savings & CD Accounts

Peoples Bank of Alabama offers an assortment of flexible high interest 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 high interest savings account for you.

 

Statement Savings

Personal 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
  • Compounded daily
  • Easy automatic transfer between all of your Peoples Bank accounts
  • FDIC Insured
  • ATM card available
  • Highly competitive interest rates
  • No fees. No minimum balance required
  • Online images of paid checks
  • FDIC Insured
  • ATM card available
  • Terms from three months to five years
  • Compounded daily
  • Free electronic transfer of interest
  • FDIC Insured
Min Opening Deposit $100 $100 $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 average daily balance method to calculate the interest on your checking or savings account. This method determines the average balance by adding the full amount of the principal in the account for each day within the statement period and dividing that figure by the number of days within the statement period. Interest is compounded daily and calculated on a 365 day basis. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest for checking and savings accounts is compounded daily and credited to your account on your monthly statement cycle date. Time Deposit rates are fixed for the term of the certificate. Time Deposits require a substantial penalty for early withdrawal. Please refer to the Disclosures{LINK} and the Terms and Conditions{LINK} for further information.