• Personal Banking

Personal Savings Accounts

Whether you’re saving for a particular goal, building an emergency fund, or just want your money to earn more interest, a personal savings account can help you do it! With a basic savings account, a money market account, and a relationship high yield investment savings account, Town and Country Bank and Peoples Prosperity Bank can help you choose the best savings account for your financial needs. Regardless of the account you choose, you’ll be able to take advantage of our powerful online banking tools.

Regular Savings Account

  • Earns interest on all balances
  • $3.00 if daily balance falls below $50.00
  • Limited to 6 free transactions per month; $3.00 each additional transaction
  • Free online and mobile banking
  • Free eStatements

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Relationship High Yield Investment Savings

  • Earn higher interest with a relationship
  • Limited to 6 free transactions per month; $3.00 each additional transaction
  • Avoid $14.97 monthly service fee by maintaining a $10,000 minimum daily balance
  • Free online and mobile banking
  • Free eStatements

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Your Money Market

  • Competitive, tiered interest rates
  • Limited to 6 free transactions per month; $3.00 each additional transaction
  • Avoid $8.00 monthly service fee by maintaining a $2,500 minimum daily balance
  • Free online and mobile banking
  • Free eStatements

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Relationship Money Market

  • Earn higher interest with a relationship
  • Limited to 6 free transactions per month; $3.00 each additional transaction
  • Avoid $8.00 monthly service fee by maintaining a $2,500 minimum daily balance
  • Free online and mobile banking
  • Free eStatements

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Certificates of Deposit

  • $1,000 minimum deposit to open
  • Fixed rates, higher than standard savings
  • Receive higher rates by selecting a longer-term
  • A wide range of terms available (from 6 months to 5 years)
  • No setup or maintenance fees
  • Early withdrawals subject to penalty*
*Early withdrawals may result in a penalty of 12-month interest.

View our rates

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Individual Retirement Accounts (IRAs)

  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • Funds can be used to purchase CDs within IRA
  • $1,000 minimum deposit to open
     

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax-deductible on state and federal income tax*
  • Earnings are tax-deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½
*Subject to some minimal conditions. Consult a tax advisor. **Certain exceptions apply such as healthcare, purchasing a first home, etc.

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are not tax-deductible
  • Earnings are 100% tax-free at withdrawal
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest are subject to penalty***
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
*Subject to some minimal conditions. Consult a tax advisor. **Certain exceptions apply such as healthcare, purchasing a first home, etc. ***Consult a tax advisor.

Health Savings Account

  • $50 minimum deposit to open
  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Earn interest above standard savings on entire balance
  • Receive higher rates on larger deposits
  • An HSA provides triple tax savings:
    • Tax deductions when you contribute to your account
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical, dental, vision expenses, and more*
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Funds can be withdrawn at any time**
  • No monthly service fee
  • No minimum balance requirements
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes

Eligibility

Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.

*Consult a tax advisor. **You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.

CDARS and ICS

Town and Country Bank and Peoples Prosperity Bank are members of CDARS® (Certificate of Deposit Account Registry Service) and Insured Cash SweepSM (ICS)*. These products give you the security to obtain FDIC insurance and earn competitive interest rates in both liquid and term investments. This additional insurance can eliminate collateralization requirements and make accounting procedures more efficient.

When we place your deposit within the network, the deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 at other well-capitalized banks. As a result, you can access coverage from many institutions while working directly with just us.  You receive one easy-to-read statement from our bank summarizing all your money market and CD holdings.

Our bank now offers automatic program deposits and withdraws from ICS. You can set sweep thresholds for your account that will automatically generate program deposits and withdrawals.

More about CDARS: http://www.cdars.com/

More about ICS: http://www.insuredcashsweep.com/

Easy to Switch

Do you want to switch from your current bank to a Town and Country Bank or Peoples Prosperity Bank checking account? We make it easy. Simply stop by any conveniently located branch or start the process online now.