Savings
Supporting your financial success.
At Peoples Trust Company, we recognize that individual savings goals are as unique as the snowflakes that fall in Vermont. We are here to help make the most of your money—whether you are saving for your first car, planning a family vacation, or building your personal reserves.
All Savings Accounts Include:
Savings Account Features
feature | Personal Savings* | Personal Money Market* | Coach Club (For Kids Ages 0-16**) | Club Choice |
|---|---|---|---|---|
| Minimum To Open | $0 | $1500 | $0 | $0 |
| Minimum Balance to Earn Interest | $0 | $1500 | $0 | $0 |
| Minimum Balance to Avoid Maintenance Charge | $100 | $1500 | $0 | $0 |
| Monthly Maintenance Charge*** | $2 | $5 | $0 | $0 |
| Earns Interest |  ****
| **** | | |
| Online Banking, Mobile Banking, Bill Pay, eAlerts, Telephone Banking, eStatements | | | | |
| Additional Details | Special incentives are offered to keep kids motivated |
Automatic deposit payout to any Peoples Trust account in either April or October Early withdrawal penalty may apply |
* Transaction limitations apply. For Full account details, contact us at 800-479-2196 or please consult the Terms and Conditions section of the Understanding Your Deposit Account Disclosure for details.
** Once account holder reaches age 17, Coach Club will automatically convert to a Personal Savings Account.
*** Monthly Credits will not exceed Monthly Maintenance Charge.
**** You must maintain the minimum balance each day in your account to obtain the disclosed APY. Interest rate and annual percentage yield may change at any time. Interest will be compounded every month and credited every month. We use the daily balance method to calculate interest on your accounts. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Ways to Reduce or Eliminate Maintenance
Charge for Your Savings Account
Free if you keep $100,000 or more* in another PTC deposit account.
$2 waived on Personal Money Market account if you enroll in eStatements.
$2 waived on Personal Savings account you receive Direct Deposit.
* The other deposit account(s) must have the same primary account holder name.
Please consult the Terms and Conditions section of your Understanding Your Deposit Account Disclosure for details.
