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Rates & Fees

Effective Date: November 16, 2018

Certificates of Deposit $500.00 to $9,999.99**

Product Interest Rate Annual Percentage Yield (APY)
91 Days 0.30% 0.30%
6 months 1.15% 1.15%
1 year 1.65% 1.66%
18 months 1.70% 1.71%
2 years 1.90% 1.91%
3 years 1.90% 1.91%
4 years 1.90% 1.91%
5 years 1.90% 1.91%

 

Certificates of Deposit $10,000.00 to $49,999.99**

Product Interest Rate Annual Percentage Yield (APY)
91 Days 0.40% 0.40%
6 months 1.25% 1.25%
1 year 1.75% 1.76%
18 months 1.90% 1.91%
2 years 2.10% 2.12%
3 years 2.10% 2.12%
4 years 2.10% 2.12%
5 years 2.10% 2.12%

 

Certificates of Deposit $50,000.00 to $99,999.99**

Product Interest Rate Annual Percentage Yield (APY)
91 Days 0.50% 0.50%
6 months 1.75% 1.76%
1 year 2.00% 2.02%
18 months 2.10% 2.12%
2 years 2.30% 2.32%
3 years 2.30% 2.32%
4 years 2.30% 2.32%
5 years 2.30% 2.32%

Rates vary. Substantial penalty for early withdrawal on all certificates.

 

Certificates of Deposit $100,000.00 and over**

Product Interest Rate Annual Percentage Yield (APY)
91 Days 0.50% 0.50%
6 months 1.75% 1.76%
1 year 2.25% 2.27%
18 months 2.30% 2.32%
2 years 2.50% 2.52%
3 years 2.50% 2.52%
4 years 2.50% 2.52%
5 years 2.50% 2.52%

Rates vary. Substantial penalty for early withdrawal on all certificates.

 

NOW Accounts**

Minimum opening balance required: $1,500.00
Interest rate varies.
Current Interest Rate: 0.20%
Annual Percentage Yield: 0.20%

 

Money Market Demand Accounts**

Minimum opening balance required: $2,500.00
Interest rate varies.
Tier 1: If your daily balance is $100,000.00 and greater, the interest rate paid on the entire balance in your account will be 0.50%, with an annual percentage yield of 0.50%.
Tier 2: If your daily balance is $2,500.00 to $99,999.99, the interest rate paid on the entire balance in your account will be 0.40%, with an annual percentage yield of 0.40%.
Tier 3: If your daily balance is $2,499.99 and less, the interest rate paid on the entire balance in your account will be 0.30%, with an annual percentage yield of 0.30%.

 

Regular Savings Plan**

Minimum opening balance required: $25.00
Minimum daily balance to obtain annual percentage yield: $5.00
Interest rate varies.
Current interest rate: 0.30%
Annual Percentage Yield: 0.30%

 

Individual Retirement Account (IRA)**

18 Month: Interest compounded daily.
Minimum opening deposit required: $25.00
Minimum daily balance to obtain annual percentage yield: $5.00
Current interest rate: 2.00%
Annual Percentage Yield: 2.02%
**Fees could reduce earnings on the account.  Interest rate is subject to change.  Substantial penalty for early withdrawals on IRA's.
Peoples State Bank is a member of the Federal Deposit Insurance Corporation (FDIC).
Each depositor is insured to at least $250,000.00.

Fees

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account: 
Replace lost ATM / Debit card $10.00
Check printing Varies by style
Temporary check $0.50 each
Cashier's check (customers only) $5.00
Check cashing for non-customer 2% / $5.00 min
Overdraft (each overdraft paid) $30.00
Return Item (each) $30.00
Deposited checks returned unpaid $5.00
Account activity printout $2.00
Account research $25.00 hr; $10.00 min
Copy of statement $2.00
Duplicate statement $5.00 
Stop payment - each $25.00
BillPay-e Plus (no cost if at least 1 transaction per month) $8.00 / month
Wire transfer (outgoing) $15.00
Collection Fees (incoming and/or outgoing) $10.00
Safe Deposit Boxes* Annual Rent
Sizes
     3 x 5 x 23
     4 x 5 x 23
     3 x 10 x 23
     4 x 10 x 23
     5 x 10 x 23
     10 x 10 x 23
Fees
$20.00
$25.00
$30.00
$40.00
$50.00
$85.00
Key Deposit $20.00
Vault Drilling Cost Incurred
Lost Key Reorder $10.00
Foreign Currency Order and Conversion Fee Correspondent fee + $5.00
Lock Bag  $25.00 
Zipper Bag  $5.00 
Gift Card Fee  $5.00 
* The contents of your safe deposit box are not insured against loss by Peoples State Bank or the FDIC.  For your protection you may wish to obtain your own box content insurance from an insurance company of your choice.
 
You should also keep a complete, up-to-date list and description of all property stored in your safe deposit box.  This inventory and any other proof of ownership documents should be stored in another location, other than your safe deposit box.