
Peoples Bank of Alabama offers several Savings Account options depending on the features you prefer. Visit one of our branches to open our basic account or for our Online Banking Customers who prefer to bank from their home, office or favorite vacation spot we offer eSavings and Youth Savings!
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Peoples Choice Savings |
eSavings* |
Youth Savings* |
| Best For | Those who want a basic savings account with a minimal daily balance requirement. | Existing customers who prefer opening a savings account online with a slightly higher interest rate. | Best for young savers. Must be opened as a joint account by an existing account holder. |
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| Min Opening Deposit | $100 | $25 | $0 |
*these accounts can only be opened online and require that the applicant first open an eChecking account
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.