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Our unique approach to Children's First Banking

We believe the financial literacy of young children is an important step towards raising financially responsible adults. The GIANT PIGGY BANKTM is Peoples Bank's children's deposit account and student banking program, designed to introduce finances to elementary students in our communities.

Kids Deposit Account

Our GIANT PIGGY BANKTM savings account helps kids develop smart saving habits at a young age.  The kids' account is available to all children at a savings rate of 2.00% APY up to $5,000 in balances. Download the application, then stop by your local Peoples Bank to open your account today. 

*The Annual Percentage Yield (APY) is accurate as of 8/17/2022 and subject to change after account opening. Tier 1 - An interest rate of 1.9852% with an APY of 2.00% on balances up to $5,000.00. Tier 2 - An interest rate of .2498% with an APY of .25% on balances $5,000.01 and higher. Your blended APY for full account balance will range from 2.00% - 0.25%, depending on your balances within each Tier. Please contact Peoples Bank for the full terms and conditions of the account. Member FDIC.

Download Application  Download Brochure   Download Sticker Book 

In The Schools

We have partnered with multiple schools in the area to bring the bank to the school!  That’s right, at participating schools the GIANT PIGGY BANKTM will be open once a week, right before school starts (check with your school or contact us.) Once account your account relationship is established by completing our application, your student can begin making deposits right at school or at any Peoples Bank location.

How does it work?

Our GIANT PIGGY BANKTM program in elementary schools is comprised of two primary educational components:

1.) Teach children to save!

It is critical to educate children and show the value and importance of saving for the future. This program highlights this along with teaching students how to complete a deposit envelope and gain other basic banking fundamentals. Older students also get on-the-job training as Student Bankers within the program.

2.) Student bankers wanted!

The GIANT PIGGY BANKTM is run by students with assistance from bank and school staff. Older students will have opportunities to become "Student Bankers." All who "apply" will be accepted. This process allows your student to experience the real process of applying for a job and following a schedule. Student Bankers also learn about confidentiality, customer service, and teamwork.

Watch a video from one of our partner schools to learn more:

We make saving fun! 

  • DEPOSITS.  Every deposit counts, no matter how large or small!  Deposits will be accepted at school during the designated GIANT PIGGY BANKTM day (typically once per week, differs by school). Deposits should be brought in the sealed envelope provided and filled out completely.

  • STICKER-BOOKS provided by Peoples Bank. GIANT PIGGY BANKTM Students will also receive a sticker for each deposit they make. Fill up your 'sticker-book' (8 total stickers) and Peoples Bank will deposit $1.00 into your account!
  • WITHDRAWALS.  All withdrawals require an in-person signature and may be done at any Peoples Bank location. Withdrawals are not permitted at school.

How does my student join?

It's simple!  Just download our new account application. You can return it to your participating school or directly to a Peoples Bank location.  From there, we will be in touch with the information you need to get your student started:  Account disclosures, GIANT PIGGY BANKTM Sticker book, and GIANT PIGGY BANKTM Deposit Envelopes. 

Download Application

NOTE: In some cases, we may request more information based on your application details to process.  Please be sure to complete your entire application to get started!   

School not participating yet?

No problem!  We can assist you at any Peoples Bank location or you can mail in your deposits as needed. Teachers or school administrators who are interested in getting their school involved can contact our program lead, Erin Carter, at 515-457-8880 to learn more.

Testimonials for GIANT PIGGY BANKTM :

"It has been a great experience for our children and for our school. Our children know who our partner is, they know it’s Peoples Bank… I’ve listened to some of the students after they make a deposit. The way [Peoples Bank] treat our children and the respect our children show to them - it’s outstanding!"

Keith Wise, Crossroads Park Teacher (Now Retired)

"We as parents have just been thrilled at the opportunity to get a tool like this in the school that augments the teaching we do at home...It’s wonderful to see the administration supporting The Giant Piggy Bank in a way that engages not only the second graders but also the older kids. [The Giant Piggy Bank] is rich with different lessons that kids of different ages will find valuable."

Jeff Jergens, 2nd Grade Parent at Crossroads Park 

“It’s safe with them [Peoples Bank] and it’s a great way to save. They’re helpful if you need help…and they are nice.”

5th Grader at Crossroads Park 

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We invested in solar power across our bank branches - an initiative we call Power Up @ Peoples. Learn about our work and the positive impact our initiative has on Iowa. 

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Savings Accounts

Peoples Bank offers money market and savings accounts that meet a financial need at any point in your life. Learn about our accounts and open one online today.

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Peoples Bank has locations across Central Iowa, covering both metro and rural communities. Find contact details for each of our locations and ATM locations here.

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