Regular Savings

Account that earns interest that is compounded quarterly

  • $50.00 Opening Deposit
  • No Minimum Balance fee if balance is $300.00 or above
    • $5.00 Minimum Balance Fee below $300.00 anytime during the Statement Cycle
    • Waived for minors
  • Limited to 3 withdrawals during Statement Cycle
    • $5.00 per Item Fee if more than 3 withdrawals occur during Statement Cycle
  • FREE Online Banking
  • FREE Mobile Banking

Personal Money Market

Another option to having your funds earn premium interest yields while retaining access to your fund with the convenience of a checking account.

  • Must have a PFB Checking Account
  • $2,500.00 Opening Deposit
  • Daily collected balance must equal $1000.00 to earn interest
  • No Minimum Balance fee if balance is $2,500.00 or above
    • $15.00 Minimum Balance Fee below $2,500.00 anytime during the Statement Cycle
  • Limited to 6 withdrawals during Statement Cycle
    • $9.00 per Item Fee if more than 6 withdrawals occur during Statement Cycle
  • FREE Online Banking
  • FREE Mobile Banking

Relationship Savings

Save throughout the year, we make it easy to access your funds.

  • Must have a PFB Checking Account
  • $5.00 Opening Deposit
  • No Minimum Balance Required
  • Limited to 3 withdrawals during Statement Cycle
  • $5.00 per Item Fee if more than 3 withdrawals occur during Statement Cycle
  • FREE Online Banking
  • FREE Mobile Banking

*CD terms require a $500 minimum opening deposit and minimum balance to accrue the advertised Annual Percentage Yield (APY). APY assumes principal and interest remain on deposit for the full term of the certificate. Auto renewal into 12 months. Interest payments will be credited at maturity . Penalty will be imposed for early withdrawal. Fees could reduce earnings. Interest Rate and APY are effective as of 8-1-18 and may change at the PFB’s discretion.


Certificate of Deposit

Certificate of Deposit is a deposit contracted to leave your money on deposit for a specific period of time for a specific rate. Generally, the longer the money is left on deposit, the higher the interest rate.

If you would like to receive the interest income as you earn it, Funds may be credited to a PFB account or an interest check will be mailed directly to you at maturity or as agreed upon. To grow your investment faster, simply leave the compounded interest in the account to accumulate.


*Interest penalties exist for withdrawal prior to the maturity date.


Individual Retirement Accounts

A perfect supplement to social security or pension funds. We offer both Roth and Traditional IRAs, each having unique qualification requirements and different tax treatments.

  • Traditional IRA

If you are younger than age 70 ½ for the entire tax year and have compensation, you are eligible to make an annual tax-year contribution to a traditional IRA. You are eligible even if you already participate in certain government plans, a tax sheltered annuity, a simplified employee pension (SEP) plan or a Savings Incentive Match Plan for Employers (SIMPLE), or a qualified pension or profit-sharing plan established by an employer.

The traditional IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Certain contributions are tax deductible in the tax year for which you make them.

  • Roth IRA

A Roth IRA allows only nondeductible contributions but features tax-free withdrawals for certain distribution reasons after a five year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from a traditional IRA.

  • Savings Incentive Match Plan (SIMPLE)

A SIMPLE, or Savings Incentive Match Plan for Employees of Small Employers, is a salary reduction arrangement similar to a 401(k) plan. However, SIMPLE contributions are deposited into a unique SIMPLE IRA. This IRA can only accept contributions under a SIMPLE. No other IRA contributions are permitted.

  • Simplified Employee Pension (SEP)

Simplified Employee Pension plans (SEPs) can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. Under a SEP, an employer contributes directly to traditional individual retirement accounts (SEP-IRAs) for all employees (including the employer). A SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25 percent of each employee’s pay.

  • Small business owners may consider the SEP or Simple IRA plan as a means of providing retirement savings for yourself and your employees.

*Please consult your tax advisor regarding eligibility and deductibility of an Individual Retirement Account.