Two easy ways to earn
Put your savings to work with one of the two accounts our team points members to first. One locks in a strong rate with no strings. The other keeps your cash within reach while it earns.
3-Month Certificate
2.75% APY**
2.72% Dividend Rate – $500 Minimum to Open
- Earn a strong, locked-in rate for three months.
- Need the money sooner? Take it out early with no penalty.
- A simple way to earn more without tying up your savings for years.
Money Market Savings
0.35 to 1.00% APY**
Tiered Rate – No Minimum to Open
- Earns more than basic savings while keeping your money available.
- Great for an emergency fund or cash you may need soon.
- Add to it or withdraw when life calls for it.
Compare your options
Not sure where your money belongs? Find the account that best fits your situation. Our team is always glad to help you decide.
| Feature |
Share Savings |
3-Month Certificate |
Money Market Savings | Premier Savings Certificates |
|---|---|---|---|---|
| Best for | Becoming a member | Earning more, short term | Everyday & emergency savings | Locking in a longer rate |
| Minimum to open | $5 | $500 | $0 | $500 |
| Term | None | 3 Months | None | 6-84 Months |
| Access to your money | Withdraw anytime with no penalty | Withdraw anytime with no penalty | Withdraw anytime with no penalty | At maturity (early withdrawal penalty applies) |
| What to know | Opens the door to membership. | Strong rate with full flexibility for three months. | Higher earnings than basic savings, still within reach. | Longer terms often pay higher rates. |
| % APY** | 0.05% APY** | 2.75% APY** | 0.35% to 1.00% APY** | Up to 4.00% APY** |
| Open Online | Open Online | Open Online | See Rates |
HighFive Checking earns its keep
Your checking account shouldn’t just hold your money; it should reward you for using it. That’s exactly what HighFive Checking does. With a 5.00% APY* on balances up to $10,000, HighFive Checking is designed for everyday spending, saving, and momentum. It’s a smarter way to manage the money you already use.
A closer look at Premier Savings Certificates
A certificate lets you earn a fixed rate on a lump sum for a set term. The longer you can set it aside, the more you can earn. Our 3-month certificate is the exception, you can withdraw early with no penalty.
| Term | Dividend Rate | APY** |
|---|---|---|
| 3 Months (No Early Withdrawal Penalty) | 2.72% | 2.75% |
| 6 Months | 3.45% | 3.50% |
| 9 Months - SPECIAL | 3.93% | 4.00% |
| 12 Months | 3.00% | 3.04% |
| 18 Months | 3.00% | 3.04% |
| 24 Months | 3.00% | 3.04% |
| 36 Months | 3.05% | 3.09% |
| 48 Months | 3.30% | 3.35% |
| 60 Months | 3.55% | 3.61% |
| 84 Months | 3.55% | 3.61% |
| $500 Minimum Balance required to earn APY** | ||
*There is a penalty for early withdrawal. Rates are subject to change without notice.
**Annual Percentage Yield
Fees could reduce APY earnings on an account.
Become a member, unlock better banking
When you become a member of PeoplesChoice, you get a Share Savings account to begin your savings journey, plus access to all of our higher-yield savings products.
Why stop at 0.05%?
Mainers choose PeoplesChoice
Not sure which account fits? Let's figure it out together.
Open an account online in minutes, or sit down with a neighbor who’ll walk you through your options.
PeoplesChoice WILL NOT open certificates without verifying the request verbally with you.
Please download the updated terms and rates here or view below.
You will be contacted within the next business day on this request.
PeoplesChoice will honor the rate on the date that the application is submitted should the rates change by the time this request is processed.
* Funds in our 3-Month Certificate will incur NO PENALTY in the event of an early withdrawal.
*There is a penalty for early withdrawal. Rates are subject to change without notice. **Annual Percentage Yield Fees could reduce APY earnings on an account.
TERM SHARE CERTIFICATES
Rate Information – The Dividend Rate and Annual Percentage Yield on your accounts, as of the last dividend declaration date, are set forth above. The annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for the term of the account. The Annual
Percentage Yield is based on the assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings.
Compounding frequency – Unless otherwise paid, dividends will be compounded every month.
Crediting frequency – Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account.
Dividend period – For this account type, the dividend period is monthly.
Balance Information – The minimum balance required to open each account is set forth above. Dividends and minimum balances are calculated using the Average Daily Balance method. The Average Daily Balance is determined by using the full amount of principal in the account for each day of the period and dividing that figure by the number of days in that period.
Average daily balance computation method – Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the month.
Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.
Transaction limitations:
After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
