Peoples State Bank of Madison Lake



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Deposit Accounts

No Minimum Checking
There is no
minimum balance required. You are allowed 25 debits per monthly statement cycle. There is a charge of $.50 per debit transaction (withdrawal, check paid, automatic transfer, or payment out of your account) for all debits over 25 per month.

Regular Checking
No charge with $100 minimum balance. $5.00 service charge, plus a charge of $.20 per debit transaction 
(withdrawal, check paid, automatic transfer, or payment out of your account) if balance falls below minimum.

Student Checking
Flat $2 charge per month.

NOW Account
Interest paid on average daily balance. Minimum balance $500 or average monthly balance of $800. If you drop below the minimum balance, there is a $9.00 service charge, plus charge of $.15 per debit transaction
(withdrawal, check paid, automatic transfer, or payment out of your account).

Senior Account
Same as NOW account with no minimum balance required. Must be age 55 or over to qualify.


Peoples State Bank offers a wide variety of loans. All decisions are made locally and normally within 24 hours. Stop in and see Bob or Jim at Madison Lake or Mike at Eagle Lake. They will be happy to talk with you about any credit needs you may have. See us for car loans, home loans, personal loans, agricultural loans, or small business financing.


Advantage Debit Card

Peoples State Bank offers its account holders the Advantage Debit card. This card allows you to make purchases at any Merchant that displays the VISA symbol. The money comes out of your checking account just like a check. No need to write a check or dig out your ID. Once you’ve tried it, you’ll find yourself using it at all Merchants that accept this form of payment. 

The Advantage Debit card works in almost any ATM worldwide for easy access to cash.*  To locate a surcharge-free ATM, click here.

Now is the time to find out how easy it is to use a debit card. Not only is it fast, but it saves you money. Why buy checks when one card will do? It’s fast, easy, and safe.

Your Visa card has multiple layers of security, making it the safe way to pay online.  Protect your card from online fraud with Verified by Visa.  Verified by Visa password protects your card for free.  Get started today by clicking here.

If you are interested in more information, please call or stop in and ask any of our friendly staff.

To report a lost or stolen Debit card, please call 257-3544. After business hours, you can call Advantage at 1-800-236-2442.

Beginning October 25, 2010, Peoples State Bank will offer Internet PIN Debit- a simple, secure new way to pay with your Advantage Checkcard online.  For more information please access the following website - This PULSE-branded consumer education website includes a demo, FAQs, an up-to-date participating merchant list, special merchant offers, and more.

*You may be charged a small service fee ($1.00-$2.00) at select ATM machines.


Online Banking

Peoples State Bank offers convenient online banking. Enjoy the convenience of banking from home, work, or anywhere there's a computer with Internet access. Peoples State Bank online banking puts you in control of your finances, 24 hours a day, seven days a week. Sign up for online banking here!                                                      

We also offer the following:

Business Accounts
Regular Savings
Certificates of Deposit
Savings Bonds
Safe Deposit Boxess
Money Orders
Notary Public
ATM (at Eagle Express)

Peoples State Bank is locally owned and operated. We will do our best to meet your financial needs.

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By operation of federal law, effective January 1, 2013, noninterest-bearing transaction accounts no longer will be insured by the FDIC as a separate ownership category. Thereafter, NIBTA deposits at an IDI will be aggregated with any other deposits held by the same person in the same ownership category, with the total insured up to the standard maximum deposit insurance amount, which is currently $250,000.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit

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