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CDs and IRAs

Save for your future with a CD or IRA

Certificate of Deposits (CDs)

The more secure investment option, CDs allow you to grow your money over a certain period of time while earning interest at a predetermined rate, typically higher than most checking accounts. While a CD requires money to be put into an account for a fixed period of time, our CD accounts provide greater flexibility, as they are available in varying maturity periods (91 days to 5 years) and come with numerous benefits. CDs at Peoples Bank are FDIC insured up to $250,000 per depositor for each account ownership category.

    Peoples Bank CD accounts feature:

    CD Options and Rates

    For the most current rates, please visit a branch or call us toll-free at 1-800-891-9389.


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    IntraFi® Network Deposits - CD Option

    If you would like to make a large deposit that requires expanded FDIC insurance coverage, Peoples Bank's IntraFi® Network Deposits CD option is a smart, convenient way to safeguard your large deposits. It combines the security of access to FDIC insurance above $250,000 with the convenience of working directly with just one financial institution. As part of the IntraFi Network of banks, Peoples Bank will distribute your funds into CDs at other banks in the network. Key features include:

    • Access to FDIC insurance coverage on millions in deposits
    • Earn interest
    • No account set-up fees
    • A wide variety of maturities

    To learn more, contact a Peoples Bank representative or watch our video tutorial.


    Find a Branch  Watch IntraFi Network Deposits Video Tutorial
    ** No public funds, brokered deposits and no institutional deposits for the 8 Month and 13 Month Special. ***Note: early withdrawals are subject to penalties

    Individual Retirement Accounts (IRAs)

    Retirement accounts like those available at Peoples Bank offer a place not only to help you save money for retirement but also to receive various other benefits as well. We offer both Roth IRAs and Traditional IRAs, which each have benefits designed to meet specific needs. To help you decide which is best for you, refer to the below information, consult your tax advisor, and then apply online. To view a side-by-side comparison of each option, download the Internal Revenues Service's (IRS) comparison chart below.

    Download Chart

    ROTH IRA

    • Contributions: Not tax-deductible; can be withdrawn at any time without taxes or penalties.1
    • Earnings & Qualified Withdrawals: Earnings and qualified withdrawals are tax-free; may be withdrawn without taxes or penalties if you are age 59 ½ or older and your account has been open for the five-year holding period; exceptions to penalties may be made if funds are used for certain purposes, including first-time home purchase ($10,000 lifetime limit), higher education, certain medical expenses, etc.
    • Maximum Annual Contribution: For 2024: up to $7,000 or $8,000 for those 50 and older
    • Eligibility: You must have earned income; the ability to contribute is based on your income; if you earn too much to make a full contribution, you may be able to make a partial contribution.
    • Contribution Age Limit: None
    • Distribution: None

    1 For Traditional-to-Roth conversions, any converted amounts are withdrawn within five years may be subject to taxes and penalties.

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    Traditional IRA

    • Contributions: Contributions are fully tax-deductible if neither you nor your spouse participates in a 401(k) or another employer-sponsored retirement plan, or if your Modified Adjusted Gross Income falls below certain limits.
    • Earnings & Qualified Withdrawals: All earnings and tax-deductible contributions grow tax-deferred and are taxable upon withdrawal; penalties will be assessed if you make withdrawals before age 59 ½ or if withdrawals do not begin in the year you turn 73; exceptions to penalties may be made if funds are used for certain purposes, including first-time home purchase ($ 10,000-lifetime limit), higher education, certain medical expenses, etc.
    • Maximum Annual Contribution: For 2024: up to $7,000 or $8,000 for those 50 and older
    • Eligibility: You must have earned income; there are no income limits.
    • Distribution: Required after age 73

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    Future Value Calculator

    Want to know what your investment will be worth in the future? Use our calculator to find out then start saving for tomorrow. 

    Tool: Calculate Now
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    E-Banking

    Need the convenience to bank anywhere, whenever you want? Check out our e-banking tools to start banking with freedom. 

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    Savings Accounts

    Peoples Bank offers savings accounts that meet a financial need at any point in your life. Learn about our accounts today. 

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