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Peoples Bank of the South

IRAs & CDs

IRAs

 

Traditional IRA

An IRA at Peoples Bank of the South is one of the best ways individuals can build a secure retirement fund. Peoples Bank of the South offers an 18 month Variable Rate IRA, as well as 12 and 24 month Fixed Rate IRAs.

Features:
  • No setup fee.
  • No maintenance fee.
  • Depositors insured by FDIC. 
 

Roth IRA

The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.

 

Coverdell Education Savings Account (formerly Education IRA)

The CESA is a nondeductible account that features tax-free withdrawals for a child's education expenses.

 

CDs

Peoples Bank of the South offers the most flexible approach to investing with Certificates of Deposit with a minimum of $1,000, Peoples Bank of the South offers CDs from 91 days to three (3) years.

Features:

  • Interest may be credited quarterly to the CD, or it may be credited monthly or annually to your Peoples Bank of the South checking account or savings account.
  • We can pay interest by check.
  • Depositors insured by the Federal Deposit Insurance Corporation.
  • Principal may be withdrawn before maturity with an interest penalty.