Opening a savings account is a great way to prepare for some future event or purchase. Peabody State Bank offers three different statement savings accounts:
A Certificate of Deposit is one of the smartest, easiest ways to invest your money. Money invested in a CD is safe and insured by the FDIC. Choose the Certificate of Deposit (CD) term that best fits your needs. Available CD terms range from 1 month to 5 years.
For more information on CD Terms and Rates please visit our Certificates of Deposit page.
Please contact us or visit your nearest Peabody State Bank location for additional information on Certificate of Deposit accounts.
We Can Help. It's never too early to start saving for retirement. All of our IRA's are invested in Certificates of Deposit at competitive rates. Individual Retirement Accounts (IRA) are FDIC insured up to $250,000 separately from any other accounts you may own at Peabody State Bank.
Whether you're looking to begin saving for your retirement or desire to move your retirement assets, we can help. One of our representatives will be glad to assist you in opening your very first IRA account, adding to an existing IRA account, or changing the type of IRA account you may already own.
Rollovers, direct rollovers and transfers offer opportunities to move your retirement assets to where you want them, while retaining their substantial tax advantages. One of our representatives will be happy to discuss these options with you, and help you complete such a move safely and securely.
Please contact us or visit your nearest Peabody State Bank location for additional information on IRA accounts.
The Coverdell Education Savings Account (CESA) is an investment tool created for the purpose of paying for the future cost of a child's post-secondary education. The plan allows total after-tax contributions of $2,000 per year for each child until they reach the age of 18. These contributions and their subsequent earnings are tax-free when withdrawn to pay for qualified education expenses.
Please contact us or visit your nearest Peabody State Bank location for additional information on CESA accounts.
We can assist our business customers in implementing a retirement program for the owners and its employees.
Retirement plans for business include:
Please contact us or visit your nearest Peabody State Bank location for additional infromation on retirement plans for small businesses.
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