Certificates of Deposit & IRAs

Certificates of Deposit (CDs)

Certificates of deposit (CDs) are perfect deposit products for customers who do not require immediate access to their funds and want to earn a higher rate of interest. Peoples Bank of Moniteau County offers a variety of CD options and term lengths. Competitive interest is compounded monthly, quarterly, and semi-annually depending on CD term. Substantial penalties will apply for early withdrawals. See the "Account Disclosure" for more information on early withdrawal penalties.

CD accounts earn interest at the rate and annual percentage yield (APY) printed on the face of the CD for the initial term of the deposit. For each automatic renewal, the interest rate and APY will normally renew at the prevailing APY and for the same term length. Summaries of CD points are as follows:

• $500.00 Minimum Opening Balance
• Interest Compounds vary by CD Term
• No deposits permitted
• No withdrawals permitted
• Automatically renewable unless otherwise stated
  • 10-day grace period to withdraw the funds in the account
• Early withdrawal penalty:
  • 91 day to 182 day = 60 days interest penalty
  • 12 months - 15 months = 90 days interest penalty
  • 18 months - 60 months = 6 months interest penalty

Click here to view our current CD rates.

Individual Retirement Accounts (IRAs)

Peoples Bank of Moniteau County can help you choose the individual retirement account (IRA) savings that works best for you. Traditional and Roth IRAs are available. Our IRA terms and rates are identical to our CDs. There are not typically fees charged; however, penalties will apply for premature withdrawals from fixed-term IRAs. See the "Account Disclosure" for more information. Choosing the right IRA can help you realize your retirement goals.

IRA Transfers and Rollovers

Whether a Roth or Traditional, it's easy to move your IRA to Peoples Bank of Moniteau County. Please contact the bank at (660) 849-2121 or our California branch at (573) 796-5121 for more information.