Savings Accounts
Certificates of Deposit
Over the years, nothing has proved to be more reliable year in and year out than bank certificates of deposit. With a minimum investment of $1,000.00 you can take advantage of our competitive market rates, often the best in Lake City.
Maturity periods include:
- 3 Months
- 6 Months
- 1 Year
- 18 Months
- 2 Years
- 3 Years
- 4 Years
- 5 Years
Unlike most other financial institutions, we compound interest on a daily basis. This helps improve your yield and maximize earnings on your certificate of deposit.
Peoples State Bank typically offers a premium on certificates issued in amounts of $100,000.00 or more. This additional amount over our posted rates may vary based on current market conditions. Please call for the current Jumbo CD rates
*: Please consult with your tax preparer or CPA firm how you can best take advantage of IRA accounts to minimize your taxes and whether your contributions may be deductible.
+: The annual percentage yield (APY) assumes the principal and its interest will remain on deposit for a full year at the listed rate or until maturity. Withdrawals, fees and other conditions could reduce earnings.
