For many savers, an Individual Retirement Account (IRA) is one of the smartest ways to plan for the future—offering the potential to reduce your current tax bill while steadily building a secure nest egg. At Peoples Bank, we offer a range of IRA options designed to fit your timeline, including a flexible 18-month variable rate IRA that allows you to take advantage of changing market conditions while you save.
Our IRAs use the Daily Balance Computation Method to ensure your money is working for you every day, and interest is compounded quarterly to help your balance grow faster over time.
Please note, rates are subject to change and early withdrawals may result in penalties. Whether you’re just starting your retirement journey or looking to boost your long-term savings, our IRAs are designed to keep you moving toward your goals with confidence.
Call or visit your local branch for current rates and to get started.