Minor Savings

Minor Savings

Having a savings plan is never a bad idea — something that remains universally true for any stage in life. Available to our youngest customers, Minor Savings from Peoples Bank helps set your child up for success on a slightly advanced timeline.

With no monthly service fee and competitive interest on balances of all sizes, all of your young saver's money goes toward their goals — however large or small. Plus, free money management tools provide the know-how that will be invaluable later on in life.

Summary
  • Available to customers under 18 years old
  • Competitive interest earned on average daily balance
  • No monthly service fee
  • No minimum balance requirements
  • $50 hold on account for first 120 days (withdrawals cannot be made during that time)
  • Establishes a strong financial foundation from an early age
  • 1 free withdrawal per month; $3 fee for withdrawals in excess
  • Free online banking
  • Free eStatements
  • $50 minimum deposit to open