Personal Savings Accounts

Saving for the future starts with choosing the right account.

Peoples State Bank offers a variety of personal savings options designed to help you build financial security—whether you're preparing for unexpected expenses, planning for medical needs, or investing for long-term goals. Each account provides dependable value, competitive rates, and the flexibility you need to manage your money confidently.

Personal Savings

A simple, flexible savings account ideal for building a financial cushion while keeping your funds easily accessible.

Best for

  • Starting a savings plan with a modest initial deposit
  • Keeping funds liquid rather than locked into a CD
  • Building a “rainy day” reserve
  • Earning a reasonable interest rate without complex requirements

This account offers straightforward savings with the convenience and accessibility you need.

Money Market Deposit Account (MMDA)

A higher-yield savings option for customers who want competitive interest rates while maintaining access to their funds.

Best for

  • Holding funds not needed for daily expenses
  • Earning tiered interest rates that increase with higher balances
  • Maintaining liquidity without committing to a CD term

Key Features

  • Competitive, tiered interest rates
  • Easy access to funds
  • Minimum opening deposit of $2,500

The MMDA is a smart choice for customers seeking both flexibility and stronger earning potential.

Health Savings Account (HSA)

A tax-advantaged account designed to help individuals and families manage medical expenses with confidence.

Best for

  • Paying health insurance deductibles, co-pays, and qualified medical expenses
  • Setting aside tax-exempt funds for current or future healthcare needs
  • Individuals with high-deductible health plans
  • Employers wishing to contribute to employee HSAs

Key Features

  • Tax-exempt contributions
  • Funds roll over year to year
  • Can be used for qualified medical, dental, and vision expenses
  • Owned by the individual, with optional employer contributions

An HSA helps you prepare for healthcare costs today while building savings for tomorrow.

Certificates of Deposit (CDs)

A secure, fixed-rate investment option offering guaranteed returns over a set term.

Best for

  • Customers seeking predictable earnings
  • Saving for medium- or long-term goals
  • Locking in competitive interest rates
  • Those who prefer guaranteed returns over market-based accounts

Key Features

  • Fixed interest rates
  • Terms ranging from 90 days to five years
  • Guaranteed return over the investment period

CDs provide stability and confidence for customers looking to grow their savings with a defined timeline.