IRAs & CDs
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.
- No setup fee.
- No maintenance fee.
- Depositors insured by FDIC.
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.
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.
- 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- Principal may be withdrawn before maturity with an interest penalty.