Personal Certificates of Deposit & IRAs

A variety of services to fit your individual needs

If FDIC insurance is important to you, talk to us - we can provide up to $50 million in FDIC insurance!

Certificates of Deposit
CDARS
Individual Retirement Account - Traditional & Roth
Individual Retirement Account - Educational
Current Rates

Certificates of Deposit

Minimum to open and obtain Annual Percentage Yield (APY) $1,000
Automatic credit of interest is required on CD’s of $10,000 or less
Deposits to the CD cannot be made after it is opened
Early withdrawal penalties apply
Rates
CDs are available for the following terms:

30 days	1 year	3 years
90 days	18 months	4 years
182 days	2 years	5 years

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CDARS

It’s a great solution for businesses, nonprofit organizations, public funds managers, trustees, financial advisors and individuals.

With CDARS, you can receive up to $50 million in FDIC protection through Peoples State Bank. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you or your business.¹

How does CDARS work?

We are members of a special network. When you place a large amount with us, we place your funds into certificates of deposit issued by other banks in the network – in increments of less than $100,000 – so that both your principal and interest are eligible for complete FDIC protection. With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes.

What else should I know?

Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience.

Of course, your confidential account information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our branches, or call (800) 988-8516 for more information.

Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Peoples State Bank. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it.
With customer consent, we may choose to receive fee income instead of matching deposits from other banks.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

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