Celebrate Spring with Peoples Savings Bank’s 24-month CD Spring Special (1.65% APY). The minimum deposit is $10K and there is no balance cap. This is a limited time offer, with no specific expiration date stated.
According to CSR, the Early Withdrawal Penalty is a substantial 12 months interest.
Peoples Savings Bank is headquartered in Wellsburg, 80 miles north of Des Moines. While essentially a community bank, Peoples Savings Bank offers its services and product line to all Iowa residents.
Opening an account requires an in-person visit to any of three branches located in Cleves, Dike, and Wellsburg. At this time, Peoples Savings Bank’s online platform is limited to account management and bill payment.
Peoples Savings Bank has an overall health rating of "C+" at DepositAccounts.com, with a Texas Ratio of 19.80% (above average), as of December 31, 2014. Peoples Savings Bank has an average capitalization level of 8.87%, a result of having $103.71 Million in assets, with $9.19 Million in equity.. Please refer to our financial overview of Peoples Savings Bank for more details.
In 1934, the only two banks in Wellsburg merged to become First State Bank, which soon closed after opening. This led to the establishment of Peoples Savings Bank (FDIC Certificate # 14868) in October 1934. Peoples Savings Bank is a community-oriented financial institution, particularly the farming community.
Peoples Savings Bank is a major supporter of agriculture in our area and has been for over 75 years. We have made a commitment to our area farmers to be here, not only in the good times, but to also assist them during the hard times.
We also offer Young Farmer Loans to beginning farmers, and we work closely with the Farm Service Agency, formerly FMHA, to provide credit for the more highly leveraged borrower.
How the CD Compares
When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Iowa residents, Peoples Savings Bank’s 24-month CD Spring Special currently ranks second.
The above rates are accurate as of 4/15/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.