Peoples Prestige Account

People’s Prestige account is the perfect interest bearing account for our customers 55 and older and offers many great features. Secure online banking, cashier checks, check orders, incoming wire fees and a small safe deposit box are all available with this account free of charge. (If a large safe box is required, you will be responsible for the difference in the rental fee.) You must deposit $1,000.00 to open this account and you must maintain a minimum balance of $1,000.00 to obtain the disclosed annual percentage yield. The interest rate and annual percentage yield are included in the Rate Chart and may change at our discretion. This account offers unlimited deposits and withdrawals. Interest will begin to accrue on the business day that you deposit non-cash items (for example, checks) into your account.

Interest

Interest rate and annual percentage yield are included in Rate Chart.

Monthly Service Charge

A monthly service charge of $5.87 will be imposed every statement cycle if the average daily balance in the account falls below $1,000.00. The average daily balance is calculated by adding the principal for the account for each day of the period and dividing that figure by the number of days in the period.

Debit Card

ATM/debit card with unlimited free transactions is available with this account.

Overdraft fees apply to overdrafts created by check, in-person withdrawal, or other electronic means. Overdraft fees may also apply to one-time debit purchases and ATM withdrawals if a consumer opted-in to overdraft services at Peoples State Bank. Fees could reduce the earnings on your account.