Peoples National Bank of Kewanee offers several types of Savings Accounts. To inquire about an account, please contact one of our Customer Service Representatives.
Statement Savings Account
- Quarterly service charge if balance falls below $100.00, unless you are a full-time student, non-profit organization, S.S.I. recipient, senior citizen, or a minor
- Interest paid semi-annually in June and December
- Funds may be transferred via telephone, internet banking, mobile app, pre-authorized transfer, or by in-person withdrawal
- Twenty-six free withdrawals semi-annually
- Limited to twenty-four pre-authorized, telephone or online banking transfers each calendar month
Health Savings Account (HSA)
PNB offers a Health Savings Account to help you save for future medical expenses. There are many advantages to utilizing a Health Savings Account, including favorable tax treatment. To be eligible for an HSA, you must meet the following requirements, as defined by the IRS:
- You must be covered under a qualifying high-deductible health plan (HDHP) on the first day of the month
- You have no other health coverage except what is permitted by the IRS
- You are not enrolled in Medicare, TRICARE or TRICARE for Life
- You can’t be claimed as a dependent on someone else’s tax return
- You haven’t received Veterans Affairs (VA) benefits within the past three months, except for preventive care. If you have a disability rating from the VA, this exclusion doesn’t apply
- You do not have a health care flexible spending account (FSA) or health reimbursement account (HRA). Alternative plan designs, such as a limited-purpose FSA or HRA, might be permitted
Other restrictions and exceptions may also apply. We recommend that you consult a tax, legal or financial advisor to discuss your personal circumstances.
Christmas/Vacation Club Accounts
- Christmas Club accounts may be opened mid-October through December 31st and pay out in October the following year
- Vacation Club accounts may be opened mid-April through June 30th and pay out in April the following year
- All payouts are done by direct deposit into a Peoples National Bank of Kewanee account only
- Weekly deposits range from $2.00 to $1000.00
- Peoples National Bank of Kewanee will make the 50th payment if the customer makes the first 49 payments by the due date
