CERTIFICATES OF DEPOSIT (CDs)

The Consumer and Business Bankers at Peoples Bank & Trust will work with investors looking for a typically low-risk investment by offering a variety of certificates of deposit (CDs). Our multiple products offer competitive, tiered rates and can be short or long-term. The CDs are FDIC insured and customers can choose different options to have funds available at different times. Many of our banking customers are qualified to pursue this type of investment. Below you will find product features on the different types of certificates of deposit at Peoples Bank & Trust. Call your Consumer or Business Bankers today to obtain rate information.

Certificates of Deposit
  • 30 days to 5 years
  • Minimum $1,000 to open
  • Variety of payment methods available including: direct deposit, check payments or your interest can be capitalized back to your Certificate of Deposit
  • Interest payments made monthly, quarterly, semi-annually, or at maturity
  • CDs can be used as collateral for loans
  • Penalty for early withdrawal of funds - penalty assessed on the amount of the withdrawal only, interest penalty varies by CD term
Easy Builder Certificate of Deposit
  • 1 year maturity
  • Minimum $100 to open
  • Deposits can be made weekly, monthly or at your convenience
  • Variety of payment methods available including: direct deposit, check payments or your interest can be capitalized back to your Certificate of Deposit
  • Interest payments made monthly, quarterly, semi-annually, or at maturity
  • CDs can be used as collateral for loans
  • Penalty for early withdrawal of funds - penalty assessed on the amount of the withdrawal only, interest penalty varies by CD term
  • Only available for consumer purpose accounts

Individual Retirement Account (IRA)

It’s never too early – or late - to begin planning for the future. Peoples Bank & Trust offers multiple Individual Retirement Accounts (IRAs) depending on your particular needs. Whether you’re prepared to start contributing to a Roth or Traditional IRA or need to pave the way to begin doing so, your Consumer Banker is prepared to show you how. Our IRAs have product features such as tax deferment of interest, earnings are tax-exempt and flexible terms tailored to you needs. Call us today to start exploring the best option for your future plans.

ROTH IRA Certificate of Deposit Traditional IRA Certificate of Deposit
  • 182 days to 5 year
  • Minimum $1,000 to open
  • Earnings are federally tax free
  • Penalty for early withdrawal of funds - penalty assessed on the amount of the withdrawal only, interest penalty varies by CD term
  • 182 days to 5 years
  • Minimum $1,000 to open
  • Contributions may be deductible on your income tax return (consult your tax advisor)
  • Interest grows tax free
  • Penalty for early withdrawal of funds - penalty assessed on the amount of the withdrawal only, interest penalty varies by CD term
Easy Builder Roth Certificate of Deposit Easy Builder Traditional Certificate of Deposit
  • 1 year maturity
  • Minimum $100 to open
  • Deposits can be made weekly, monthly or at your convenience
  • Earnings are federally tax free
  • Penalty for early withdrawal of funds - penalty assessed on the amount of the withdrawal only, interest penalty varies by CD term
  • 1 year maturity
  • Minimum $100 to open
  • Deposits can be made weekly, monthly or at your convenience
  • Contributions may be deductible on your income tax return (consult your tax advisor)
  • Interest grows tax free
  • Penalty for early withdrawal of funds - penalty assessed on the amount of the withdrawal only, interest penalty varies by CD term
  • Only available for consumer purpose accounts