Peoples Savings Bank

PEOPLES SAVINGS BANK

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YOUR PATHWAY TO THE FUTURE

Elma, IA • (641) 393-2301

A Division of Security State Bank Sutherland, Iowa

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Deposit Rates

* Variable Savings (savings account)
last updated on 09/15/2020 7:58 AM

Tier Interest Rate Annual Percentage Yield
Tier 1 0.05 0.05
Tier 2 0.10 0.10
Tier 3 0.15 0.15
Tier 4 0.25 0.25

* Super Now (interest bearing checking account)
last updated on 09/15/2020 7:58 AM

Tier > Average Available Balance Interest Rate Annual Percentage Yield
Tier 1 $1,500 0.05 0.05
Tier 2 $10,000 0.10 0.10
Tier 3 $20,000 0.15 0.15
Tier 4 $50,000 0.25 0.25

* Business with Interest (interest bearing checking account)
last updated on 09/15/2020 7:58 AM

Tier Average Available Balance Interest Rate Annual Percentage Yield
Tier 1 $1,500 0.05 0.05
Tier 2 $10,000 0.10 0.10
Tier 3 $20,000 0.15 0.15
Tier 4 $50,000 0.25 0.25

* Freedom Account (interest bearing checking account)
You may have 5 debits from this account per statement cycle. There is a $5 debit item fee for each debit over all the allowed 5. There is a $5 base charge fee if balance is less than $5000.
last updated on 09/15/2020 7:58 AM

Tier Average Available Balance Interest Rate Annual Percentage Yield
Tier 1 $5,000 0.15 0.15
Tier 2 $20,000 0.30 0.30
Tier 3 $50,000 0.50 0.50

*Premium Freedom Account (Earn a higher interest rate while having the flexibility to withdraw!)
$50,000 is minimum balance to open account. You may have 2 debits from this account per statement cycle. There is a $20 debit item fee for each debit over all the allowed 2. If your daily balance is less than $50,000 on any day, a $20 service charge will be imposed during that statement cycle.
last updated on 09/15/2020 7:58 AM

Available Balance Interest Rate Annual Percentage Yield
$0 - $49,999.99 0.15 0.15
$50,000 - $99,999.99 0.55 0.55
$100,000 - $249,999.99 0.65 0.65
$250,000 - $499,999.99 0.69 0.70
$500,000 - $999,999.99 0.79 0.80
$1,000,000 + 0.89 0.90

*Accounts may have a rate change after the account is opened. Fees could reduce earnings. Interest is compounded monthly.

** Time Certificates of Deposit (TCD)
last updated on 09/15/2020 7:58 AM

Term Minimum Balance Quarterly Interest Rate Semi-Annual Interest Rate Annual Percentage Yield
6 Months $1,000 0.25 0.25 0.25
9 Months $1,000 0.25 0.25 0.25
12 Months $1,000 0.45 0.45 0.45
18 Months $1,000 0.45 0.45 0.45
24 Months $1,000 0.55 0.55 0.55
30 Months $1,000 0.55 0.55 0.55
36 Months $1,000 0.60 0.60 0.60
48 Months $1,000 0.70 0.70 0.70
60 Months $1,000 0.80 0.80 0.80
Term Minimum Balance Quarterly Interest Rate Semi-Annual Interest Rate Annual Percentage Yield
6 Months $10,000 0.40 0.40 0.40
9 Months $10,000 0.40 0.40 0.40
12 Months $10,000 0.70 0.70 0.70
18 Months $10,000 0.70 0.70 0.70
24 Months $10,000 0.80 0.80 0.80
30 Months $10,000 0.80 0.80 0.80
36 Months $10,000 0.90 0.90 0.90
48 Months $10,000 0.99 0.99 1.00
60 Months $10,000 1.09 1.09 1.10
36 Month ONE TIME BUMP-UP RATE 0.80 0.80 0.80
60 Month ONE TIME BUMP-UP RATE 0.99 0.99 1.00

* Variable Savings (savings account)
last updated on 09/15/2020 7:58 AM

Tier 1
Interest Rate 0.05
Annual Percentage Yield 0.05
Tier 2
Interest Rate 0.10
Annual Percentage Yield 0.10
Tier 3
Interest Rate 0.15
Annual Percentage Yield 0.15
Tier 4
Interest Rate 0.25
Annual Percentage Yield 0.25

* Super Now (interest bearing checking account)
last updated on 09/15/2020 7:58 AM

Tier 1
Average Available Balance $1,500
Interest Rate 0.05
Annual Percentage Yield 0.05
Tier 2
Average Available Balance $10,000
Interest Rate 0.10
Annual Percentage Yield 0.10
Tier 3
Average Available Balance $20,000
Interest Rate 0.15
Annual Percentage Yield 0.15
Tier 4
Average Available Balance $50,000
Interest Rate 0.25
Annual Percentage Yield 0.25

* Business with Interest (interest bearing checking account)
last updated on 09/15/2020 7:58 AM

Tier 1
Average Available Balance $1,500
Interest Rate 0.05
Annual Percentage Yield 0.05
Tier 2
Average Available Balance $10,000
Interest Rate 0.10
Annual Percentage Yield 0.10
Tier 3
Average Available Balance $20,000
Interest Rate 0.15
Annual Percentage Yield 0.15
Tier 4
Average Available Balance $50,000
Interest Rate 0.25
Annual Percentage Yield 0.25

* Freedom Account (interest bearing checking account)
You may have 5 debits from this account per statement cycle. There is a $5 debit item fee for each debit over all the allowed 5. There is a $5 base charge fee if balance is less than $5000.
last updated on  09/15/2020 7:58 AM

Tier 1
Available Balance $5,000
Interest Rate 0.15
Annual Percentage Yield 0.15
Tier 2
Average Available Balance $20,000
Interest Rate 0.30
Annual Percentage Yield 0.30
Tier 3
Average Available Balance $50,000
Interest Rate 0.50
Annual Percentage Yield 0.50

*Premium Freedom Account (Earn a higher interest rate while having the flexibility to withdraw!)
$50,000 is minimum balance to open account. You may have 2 debits from this account per statement cycle. There is a $20 debit item fee for each debit over all the allowed 2. If your daily balance is less than $50,000 on any day, a $20 service charge will be imposed during that statement cycle.
last updated on 09/15/2020 7:58 AM

$0 - $49,999.99
Interest Rate 0.15
Annual Percentage Yield 0.15
$50,000 - $99,999.99
Interest Rate 0.55
Annual Percentage Yield 0.55
$100,000 - $249,999.99
Interest Rate 0.65
Annual Percentage Yield 0.65
$250,000 - $499,999.99
Interest Rate 0.69
Annual Percentage Yield 0.70
$500,000 - $999,999.99
Interest Rate 0.79
Annual Percentage Yield 0.80
$1,000,000 +
Interest Rate 0.89
Annual Percentage Yield 0.90

*Accounts may have a rate change after the account is opened. Fees could reduce earnings. Interest is compounded monthly.

** Time Certificates of Deposit (TCD)
last updated on 09/15/2020 7:58 AM

6 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.25
Semi-Annual Interest Rate 0.25
Annual Percentage Yield 0.25
9 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.25
Semi-Annual Interest Rate 0.25
Annual Percentage Yield 0.25
12 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.45
Semi-Annual Interest Rate 0.45
Annual Percentage Yield 0.45
18 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.45
Semi-Annual Interest Rate 0.45
Annual Percentage Yield 0.45
24 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.55
Semi-Annual Interest Rate 0.55
Annual Percentage Yield 0.55
30 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.55
Semi-Annual Interest Rate 0.55
Annual Percentage Yield 0.55
36 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.60
Semi-Annual Interest Rate 0.60
Annual Percentage Yield 0.60
48 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.70
Semi-Annual Interest Rate 0.70
Annual Percentage Yield 0.70
60 Months
Minimum Balance $1,000
Quaterly Interest Rate 0.80
Semi-Annual Interest Rate 0.80
Annual Percentage Yield 0.80
6 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.40
Semi-Annual Interest Rate 0.40
Annual Percentage Yield 0.40
9 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.40
Semi-Annual Interest Rate 0.40
Annual Percentage Yield 0.40
12 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.70
Semi-Annual Interest Rate 0.70
Annual Percentage Yield 0.70
18 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.70
Semi-Annual Interest Rate 0.70
Annual Percentage Yield 0.70
24 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.80
Semi-Annual Interest Rate 0.80
Annual Percentage Yield 0.80
30 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.80
Semi-Annual Interest Rate 0.80
Annual Percentage Yield 0.80
36 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.90
Semi-Annual Interest Rate 0.90
Annual Percentage Yield 0.90
48 Months
Minimum Balance $10,000
Quaterly Interest Rate 0.99
Semi-Annual Interest Rate 0.99
Annual Percentage Yield 1.00
60 Months
Minimum Balance $10,000
Quaterly Interest Rate 1.09
Semi-Annual Interest Rate 1.09
Annual Percentage Yield 1.10
36 Month ONE TIME BUMP-UP RATE
Quaterly Interest Rate 0.80
Semi-Annual Interest Rate 0.80
Annual Percentage Yield 0.80
60 Month ONE TIME BUMP-UP RATE
Quaterly Interest Rate 0.99
Semi-Annual Interest Rate 0.99
Annual Percentage Yield 1.00

PENALTY FOR EARLY WITHDRAWL.