Personal Savings & CDs

Personal Savings

Preferred Bank's Personal Savings is an interest-bearing savings account available to consumers.  A monthly service fee can be avoided by keeping the minimum balance.  A total of six (6) withdrawals are allowed each month and $1 for each withdrawal in excess of the maximum.

  • $200 minimum opening deposit
  • If the daily ledger balance falls below $200.00, the account is subject to a monthly service charge of $3.00. An excessive withdrawal fee of $1.00 will be imposed for each transaction that exceeds the monthly account transaction limitations and your account may be closed. Please refer to Preferred Bank’s Deposit Agreement and Disclosure for details pertaining to transaction limitations.  
  • Interest rate – contact your local branch for interest rates
  • Visa Debit Card linked to a PB Savings Account
  • PBnet Personal Online Banking
  • eStatements

Personal Certificate of Deposit Account

Preferred Bank's Personal Certificate of Deposit Account combines flexible terms while earning interest for a return on your investment. Your interest rate is fixed for the entire term of the account giving you an income stream.  Our CD accounts earn simple interest that can be disbursed by check, transfer to another Preferred Bank transaction account, or contacting your local branch.

    • $1,000 minimum opening balance
    • Simple interest
    • No monthly service charge. Early withdrawal penalties apply. See the Deposit Agreement and Disclosure for details.
    • Terms of 14 days to 3 years
    • Two interest tiers available
    • Interest rates – contact your local branch for CD Rates
    • Interest disbursed via check, transfer to PB transaction account or credited to CD at maturity1
    • Penalty for early withdrawal – see Deposit Agreement and Disclosure for details
    • PBnet Personal Online Banking
    • eStatements

Personal Deposit Rates

Preferred Bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC). Feel free to use the FDIC's Insurance Estimator (EDIE) to tell you how your Preferred Bank accounts are federally insured.


1 Certificate accounts with maturities of more than 1 year must have interest paid out at least annually