CDs and IRAs

**Limited Time** 6-Month CD Special

• Earn between 4.25% APY* and 4.75% APY* based on minimum balance.

• New CDs, Current CDs renewing, and IRAs are eligible with a $5,000.00 minimum opening deposit.

*Annual Percentage Yields (APYs) accurate as of 04/14/2023. APY assumes that interest remains on deposit until maturity. The interest rate and APY is tiered; the minimum opening deposit is based on tiers. We may impose a penalty for early withdrawal on time certificates. Fees may reduce earnings. Public funds, brokered deposits and institutional deposits are not eligible. See a bank employee for more details.

**Limited Time** 13-Month CD Special

• Earn between 3.45% APY* and 3.85% APY* based on minimum balance.

• New CDs, Current CDs renewing, and IRAs are eligible with a $5,000.00 minimum opening deposit.

*Annual Percentage Yields (APYs) accurate as of 04/25/2023. APY assumes that interest remains on deposit until maturity. The interest rate and APY is tiered; the minimum opening deposit is based on tiers. We may impose a penalty for early withdrawal on time certificates. Fees may reduce earnings. Public funds, brokered deposits and institutional deposits are not eligible. See a bank employee for more details.

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.

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• Contributions: Not tax-deductible; can be withdrawn at any time without taxes or penalties.¹
• Earnings & Qualified Withdrawals: Earnings and qualified withdrawals are tax-free; may be withdrawn without taxes or penalties if you are age 59 ½ or older and your account has been open for the five-year holding period; exceptions to penalties may be made if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 2023: up to $6,500 or $7,500 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.

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 2023: up to $ 6,500 or $7,500 for those 50 and older
• Eligibility: You must have earned income; there are no income limits.
• Distribution: Required after age 73