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Certificates of deposits (CDs) are a great way to earn more on your money than a traditional savings account.   Peoples Savings Bank offers terms from as short as three months up to five years.

PSB also offers a 12-Month Youth CD for kids under the age of 18.

CD Features:

  • FDIC Insured, up to $250,000 per depositor
  • Customizable to your preferred time frame.
  • Interest can be chosen to be added to the CD, or automatically deposited into a checking or savings account.

Certificate of Deposit Rates

Rates as of January 25, 2023

CD TermInterest RateAnnual Percentage Yield (1APY)Minimum Deposit to Open AccountEarly Withdrawal Penalty (EWD2)
3 Month 0.50% 0.50% $1,000 2%
6 Month

yes

4.35% 4.44% $1,000 2%
10 Month

yes

4.55% 4.65% $1,000 2%
12 Month 3.10% 3.14% $1,000 2%
13 Month

yes

4.65% 4.75% $1,000 2%
18 Month 3.80% 3.87% $1,000 2%
24 Month 3.80% 3.87% $1,000 2%
36 Month 3.70% 3.76% $1,000 2%
48 Month 3.60% 3.66% $1,000 2%
60 Month 3.40% 3.45% $1,000 2%
12 Month All-Star Youth 3.10% 3.14% $300 2%

1APY = Annual Percentage Yield; fees could reduce earnings on accounts.

2An Early Withdrawal Penalty (EWD) may be imposed for early withdrawal.

Interest rates and annual percentage yields are current as of the effective date at the top of this rate sheet. Interest rates are subject to change.  The Minimum Deposit to Open Account Amounts is the minimum balance required to earn the disclosed Annual Percentage Yield.