IRA's

An Individual Retirement Account (IRA) at Peoples Bank allows you a safe and secure way to earn a guaranteed return on your investment. Whether you're planning for retirement or building your nest egg, you can open an IRA with as little as $500.00, ensuring that a brighter financial future is within reach.

Fixed-Rate IRA:

Lock in a fixed interest rate with terms ranging from 3 to 60 months

Additional contributions are accepted at maturity

Variable-Rate IRA:

Earn a variable rate of interest for a term of 18 months (rates may change at any time)

Additional contributions are accepted

Rollover IRA:

If you’ve recently changed jobs or retired and would like to protect the balances in your previous employer’s retirement plan, our Rollover IRA is for you.

*A penalty will be imposed for early withdrawal

Secure your retirement with an IRA from peoples bank!

We understand the importance of planning for your retirement years. Our Individual Retirement Account (IRA) options are designed to provide you with a secure and prosperous retirement. With various options tailored to your unique needs, you can enjoy tax advantages and grow your nest egg with confidence. Whether you're just starting your retirement journey or looking to maximize your existing savings, Peoples Bank is here to help you achieve your retirement goals. Explore our IRA offerings today and take a step closer to a worry-free retirement.

Questions about the IRA options?
Call to speak with a Universal Banker!

812.842.BANK

Ready to Open an IRA?

What to Bring With You

Please bring the following with you to your local branch to open a new account:

proof of Current Address

Social Security Card

Date of Birth

Government-Issued
Photo ID

If your address differs from that listed on your photo ID, please bring verification of current address. This includes any official document in which your name and current address are clearly printed (i.e. utility bill). P.O. Box address will not be accepted. Government-Issued ID refers to a Driver's License, Passport, or Permanent Resident Card.
*Annual Percentage Yield (APY) is accurate as of 9/20/2024 and subject to change. Balances of less than $30,000 do not earn interest. Fees or other conditions could reduce the earnings on the account. No minimum balance or opening deposit requirements. No monthly service charge if enrolled in e-statements. If not enrolled in e-statements, a monthly fee of $3.00. Overdraft fees incurred by account holder still apply. Fee of $50 if account is closed within 90 days of opening. **The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of 09/20/2024. See the National Rates and Rate Caps Resource Center at www.fdic.gov for more information.