Savings and CDs
You work hard for your money, so why shouldn't your money work just as hard for you? With a Planters Bank savings account, you can be confident with the return on your investment...earning highly competitive interest rates. And you'll be secure in knowing your money is safe and FDIC insured for up to $250,000.
Go Savings
Basic Savings
Money Market Accounts
Tiered Money Market IRAs
Certificates of Deposit
Young Savers
Go Savings
Use your Planters Bank Visa® Check Card for everyday purchases and watch your savings account grow.
Each time you make a point-of-sale (POS) purchase with your Planters Bank Visa® Check Card*, we’ll transfer $1 from your Planters Bank checking account to your Go Savings account.** Using your Check Card is a smart way to spend. The money comes directly out of your checking account at no charge to you. And now with Go Savings, every purchase you make adds up to more savings to you.
- No Minimum Opening Balance – Sign up and add to your balance every time make a POS purchase with your Visa® Check Card.
- No Monthly Maintenance Fees – Charges are assessed for more than one withdrawal per month.
- Quarterly Statement
- Interest Earnings – Calculated on total daily balance and credited quarterly
* Planters Bank Visa® Check Card is subject to approval.
** Only point-of-sale (POS) transactions qualify.
Basic Savings
If you are ready to save money by earning interest on easy-access funds, this account is perfect for you.
- $25 Minimum Opening Balance
- No Monthly Maintenance Fees – When maintaining a $500 minimum daily balance (charges are assessed for more than one withdrawal per month)
- Quarterly Statement
- Interest Earnings – Calculated on total daily balance and credited quarterly
Money Market Account
This is a great interest-earning account if you desire a higher rate of return with unlimited access to your money.
- $100 Minimum Opening Balance
- No Monthly Maintenance Fees – When maintaining a $2,500 minimum daily balance
- Monthly Statement
- Interest Earnings – Interest is earned on all account balances, and is credited monthly. This is a tiered rate account that earns higher interest based on higher balances. Interest rates may re-price with the market.
- Withdrawals – Unlimited withdrawals/transfers allowed in person, by mail, by messenger or at any ATM. Limited number of pre-authorized or third party transactions allowed.
Tiered Money Market IRA
Start planning for your future and take advantage of great interest rates. Your contribution could even help lower your current tax bill.
- $100 Minimum Opening Balance
- No Monthly Maintenance Fees – Early withdrawal subject to interest and tax penalties
- Interest Earnings – Interest rates vary according to investment amount
- Access to Account – Deposits can be added at any time
Certificates of Deposit
With a Planters Bank CD, you can receive guaranteed, higher-than-average interest rates to help your money grow! Individual Retirement Account Certificates of Deposit are also available.
- $2,500 Minimum Opening Balance
- No Monthly Maintenance Fees – A penalty will be imposed for early withdrawals
- Interest Earnings – Interest rates vary according to investment amount and term. Receive your interest by check (monthly, quarterly, semi-annually or annually) as well as by direct deposit into any Planters Bank account.
With a Planters Bank FLEX CD, you can step-up your rate one time during the term and earn even more! After the first 12 months, you have a one-time option to step-up to a higher interest rate without extending the original maturity date.
- $5,000 Minimum Opening Balance
- No Monthly Maintenance Fees – A penalty will be imposed for early withdrawals.
- Interest Earning – Interest rates vary according to investment amount and term. Receive your interest by check (monthly, quarterly, semi-annually or annually) as well as by direct deposit into any Planters Bank account.
Young Savers
Perfect for savings customers under age 19 who want great interest rates with no monthly fees.
- $25 Minimum Opening Balance (must accompany adult account holder to open)
- No Monthly Maintenance Fees (charges are assessed for more than one withdrawal per month)
- Quarterly Statement
- Interest Earnings – Calculated on total daily balance and credited quarterly
