SECURE ONLINE BANKING

Routing #:273976592

Savings Program

With Peoples Credit Union, your money grows safely, building interest until you need it. Our savings plans offer you flexible, convenient, and easy access. Your deposits are federally insured, backed by the full faith and credit of the U.S. government, up to at least $250,000 per account.

  • Savings / Christmas Club
  • Money Market
  • Escrow
  • CD / IRAs (Traditional and Roth)

Current Savings Rates

Use our Savings Goal Calculator to see how quickly your savings can grow. Sometimes the hardest thing about saving is just getting started. Considering savings as a regular expense, similar to groceries, is a great way to reinforce good savings habits. Automatic transfers between your checking and savings are a great way to save money without thinking about it.

CHOOSING THE RIGHT SAVINGS ACCOUNT FOR YOU

MONEY MARKET

Money Market accounts are great for saving large amounts of money that you do not wish to tie up for a certain amount of time and the account earns a higher interest rate than a regular savings account. Make deposits or withdrawals anytime. The minimum deposit is $2,500.

CD

A CD, or certificate of deposit, is a financial product offered by financial institutions. A CD offers a higher interest rate to the customer in exchange for a commitment to keep the money in the CD for a specific period of time. CDs are typically offered for periods of three months, six months, 12 months, 24 months, 36 months or five years. Generally, the longer the duration of a CD, the higher the interest rate it pays.

IRA

Individual retirement accounts, or IRAs, are a popular, tax-advantaged way to save for retirement. Funds inside an IRA grow tax-deferred, and contributions to a traditional IRA may be deductible. Over the years, this can add up to a lot of money. IRA accounts are regulated by the IRS, which imposes a 10 percent tax penalty on withdrawals made before the account owner is age 59 1/2. For that reason, an IRA is only for long-term retirement investing purposes.