Certificates of Deposit (CDs) are one of the safest, most dependable ways to grow your savings. With guaranteed returns and no exposure to market fluctuations, they give you the peace of mind that comes with knowing exactly how much your money will earn over the life of the term. At Peoples Bank, we offer a variety of flexible CD options so you can choose the maturity term that works best for your needs—whether you’re saving for a short-term goal or planning years in advance.
Opening a CD is simple and accessible, with a minimum deposit of just $1,000. Once you’ve made your deposit, your funds will earn a fixed interest rate for the entire term, allowing you to watch your savings grow without worry or constant monitoring. CDs are an excellent choice for setting aside funds you don’t need immediate access to, providing a reliable way to build toward a specific purchase, investment, or financial milestone.
For your convenience, all CDs automatically renew at maturity unless you decide otherwise, so your savings can continue to grow seamlessly. Even better, renewed CDs will never re-price below the current Peoples Bank rate for the same maturity term, ensuring you always receive a competitive return. Whether you’re building a foundation for long-term financial security or simply want a safe place to earn more on your savings, our CDs offer the perfect balance of stability, predictability, and earning potential.
Call or visit your local branch for current rates.