CDs & IRAs
A secure and FDIC-insured choice for your money. Peoples Bank Midwest offers competitive rates and a variety of maturity options to help you meet your investment objectives. CDs usually pay a higher interest rate than a traditional savings or money market account and, generally, the longer the term that you invest for, the higher the interest rate.
With terms ranging from 91 days to four years, CDs are the easiest way to save if you don't need immediate access to your money. CDs are subject to interest penalties for early withdrawals, so the right maturity period is key. Our bankers can help you find the right option tailored to your current and future financial goals.
- Minimum balance to open the account - You must deposit $1,000.00 to open this account.
- You will have ten calendar days after maturity to withdraw the funds without a penalty. Early withdrawal penalties may apply.
- Balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.