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Personal Checking Accounts

At Peoples Bank, we have a checking account that's tailor-made for you, and personal service whenever you need it.

All of our checking accounts offer the free Online Banking, free BillPay, Overdraft protection, free Mobile Banking, free e.Statement with check images and same–day credit on deposits made at teller window until 5 pm.

Rewards Checking

Our most popular checking account!

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  • $100 opening deposit
  • Tiered Interest:
    $0–$30,000
    $30,001 and above
  • Unlimited reimbursement of non–Peoples Bank ATM fees nationwide if criteria met
  • $8 maintenance fee if requirements not met
  • Meet the following requirements each qualification cycle in order to receive free ATMs and pay no monthly fees:
    1. Have electronic statements
    2. Have 10 debit card point of sale purchases post and clear (ATMs, credits to your account and returns do not qualify)
    3. Have one direct deposit or electronic draft
  • Receive complimentary initial order of standard checks.
  • e.Statements are provided free. Paper statements available for $1 per month.

Free Checking

Our basic value package. It's everything you need, all for free.

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  • $100 opening deposit
  • No minimum balance
  • Unlimited check writing
  • e.Statements are provided free. Paper statements are offered at $1.00 per month.

Student Checking

A checking account created for a student’s fast–paced lifestyle.

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  • $100 opening deposit
  • Unlimited reimbursement of non–Peoples Bank ATM fees nationwide.
  • Complimentary initial order standard checks.
  • No monthly fees
  • Must be between the ages of 16–24 and receive statements electronically.
  • e.Statements are provided free.Paper statements are offered at $3.00 per month.

Senior Checking

Being 55 or older has its privileges!

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  • $100 opening deposit
  • Complimentary initial order standard checks.
  • Interest is accrued daily on collected balances and is credited monthly.
  • Must be 55 years of age or older and have direct deposit to avoid $6.00 monthly maintenance fee.
  • A $5,000.00 daily balance is required to earn premium rate.

Investment Checking

Earn a high yield with tiered rates, no service charges and unlimited checking.

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  • $2,500 opening deposit
  • No service charges with $2,500 minimum daily balance or $5,000 combined deposit balance. Otherwise, $16.00 monthly fee plus $0.50 for each debit transaction**.
  • Complimentary standard check
  • 2 free non-Peoples Bank ATM nationwide usage provided per month.
  • Interest accrued daily on collected balances and credited monthly.
  • Progressive tiered interest plan. Call for current tiers and rates.

Max Account

Higher rates and the freedom of a money market account makes our Max Account a convenient way to make the most of your money.

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  • $1,000.00 opening deposit.
  • Interest is accrued daily on collected balances and is credited monthly.
  • If a minimum balance requirement of $1,000.00 is not met during the monthly statement cycle, there will be a $10.00 maintenance fee and $0.40 per-debit fee.
  • *Federal regulations allow unlimited withdrawals and transfers at teller window, ATMs, and by mail. Other types of transfers and withdrawals are limited to six during any monthly statement cycle. A fee of $5.00 will be charged beginning with item seven.

**Transactions include debits, credits or items deposited.

Effective September 1, 2013. Accounts structure, features, terms and conditions are subject to change at any time at the Bank's discretion.

Personal Savings Accounts

Whether you're saving up for your first car or looking for solid investments to grow your retirement nest egg, Peoples Bank has the right savings plan for you.

All of our savings accounts offer the free Online Banking, free BillPay, Overdraft protection, free Mobile Banking, free e.Statement with check images and same–day credit on deposits made at teller window until 5 pm.

e.Savings

A high-yield savings account with the convenience of online banking.

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  • $500 opening deposit
  • $15 quarterly maintenance fee
  • Balances of $1,000 or more earn current interest rates. Balances below $1,000 earn base interest rate.
  • Maintain a minimum daily balance of $500 and enrolled in e.Statements to avoid quarterly maintenance fees.
  • Six withdrawals per quarter are permitted. There will be a fee of $2.50 for each transaction in excess of six in a quarter.
  • e.Statements are provided free. Paper statements are offered at $3.00 per cycle.

Statement Savings

Our basic savings account with competitive interest rates.

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  • $100 opening deposit
  • Balances of $1,000 or more earn current interest rates. Balances below $1,000 earn base interest rate.
  • Interest accrued daily on collected balances and credited quarterly.
  • Six free withdrawals per quarter. Then $2.50 per withdrawal beginning with withdrawal seven.
  • $200 minimum daily balance required to avoid fee of $15 per quarter.
  • Quarterly statements issue. Electronic Funds Transfers, such as Direct Deposits or ATM usage generate monthly statement.

Youth Savings

Teach your child the value of saving. Available up to or until age 18.

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  • $10.00 opening deposit with 1 year to bring the account up to $100.00.
  • Balances of $1,000 or more earn current interest rates. Balances below $1,000 earn base interest rate
  • Six withdrawals per quarter are permitted. There will be a fee of $2.50 for each transaction in excess of six in a quarter.
  • Interest is accrued daily on collected balances and is credited to the account quarterly
  • Quarterly statements are issued. An electronic funds transfer, such as direct deposit or ATM usage will generate a monthly statement.

Max Account

Higher rates and the freedom of a money market account makes our Max Account a convenient way to make the most of your money.

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  • $1,000.00 opening deposit.
  • Interest is accrued daily on collected balances and is credited monthly.
  • If a minimum balance requirement of $1,000.00 is not met during the monthly statement cycle, there will be a $10.00 maintenance fee and $0.40 per-debit transaction**.
  • Federal regulations allow unlimited withdrawals and transfers at teller window, ATMs, and by mail. Other types of transfers and withdrawals are limited to six during any monthly statement cycle. A fee of $5.00 will be charged beginning with item seven.

**Transactions include debits, credits or items deposited.

Effective September 1, 2013. Accounts structure, features, terms and conditions are subject to change at any time at the Bank’s Discretion.

Health Savings Account

A Health Savings Account offers eligible individuals who participate in a high-deductible health plan (HDHP) tax-free savings for qualified medical expenses. If you don't use the money, you keep the money for retirement. If you're concerned about the high cost of health insurance, contact us for more details. If you meet federal requirements, you can save tax-free for medical expenses

  • $100 to open
  • Competitive interest accrued daily and paid quarterly.
  • Portable if you move

Savings Bonds

Savings Bonds are a savings product that earns interest. Great gift for kids of all ages. U.S. Savings Bonds can be purchased and managed safely online through TreasuryDirect, www.treasurydirect.gov. You can continue to cash savings bonds at any Peoples Bank office.

Certificates of Deposit

We offer excellent rates with terms from 180 days to 5 years; variable and fixed rates, automatic renewal or single term maturity. Interest payments available. Begin with as little as $500. Your investment is insured safe by the federal government up to $250,000. We want to be your CD headquarters.

CDARS®

Access multi-million dollar FDIC insurance when you use the CDARS service through Peoples Bank1.

Almost anyone who wants to combine the convenience of working directly with one financial institution with the security of FDIC insurance can benefit from enrollment in the CDARS service through Peoples Bank.

One Bank. You work directly with Peoples Bank, the bank you know and trust, to secure large deposits.

One Rate. You earn one interest rate per maturity on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or manually compute disbursements for each CD.

One Statement. You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.

No Hidden Fees. There are no hidden fees of any kind. You will not be charged annual fees, subscription fees, or transaction fees for using the CDARS service. The rate you see is the rate you get.

A Wide Variety of Maturities. You can select from various maturities — ranging from 4 weeks to 5 years (260 weeks) — and choose the terms that best suit your investment needs.

Community Involvement. Your funds can support lending initiatives, including special development projects that strengthen the local community.2

[1] Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.

[2] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Network, the bank through which a depositor places his/her funds can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals or mandates. Alternatively, with a depositor's consent, the bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC. Please see a Peoples Bank Customer Relationship Manager for details.

Retirement Accounts

At Peoples Bank, you can choose from many investment options for your IRA. Let us help with your retirement planning. Talk to our IRA Experts at 828-466-1765 or call toll free 877-802-1212.

Rollover IRAs

A Rollover IRA is a type of account that allows you to defer the payment of taxes attributable to a distribution from a qualified retirement plan. Rollover IRAs are not limited to retirees. Anytime you receive an eligible rollover distribution from your employer's retirement plan, you can roll over that distribution. Even if you become disabled, leave your present employer for a new job or if your employer's plan terminates, you can take advantage of the IRA rollover. Any minimum required distribution payable after age 70-1/2, however, is not eligible for rollover nor are any distributions of after-tax dollars you contributed to the plan.

Roth IRAs

A Roth IRA is one of the most effective and secure ways to save for your secure retirement. Earnings accumulated are tax-deferred and potentially tax-free. You pay no tax or penalties on qualified withdrawals if you've held your account at least five years and are older than 59-1/2. And, unlike regular IRAs, the Roth account doesn't require you to take distributions and you can continue making contributions after age 70-1/2.

Traditional IRAs

Make your retirement nest egg grow with the absolute security of FDIC insurance.

  • Fixed-rate terms of one year, 18 months, 30 months, 36 months, 48 months, and 60 months.
  • $2,500 opening deposit for fixed-rate IRAs.
  • Make contributions throughout the year.
  • Interest compounded daily and credited quarterly.
  • Bank penalties apply for early withdrawal of principal prior to age 70-1/2.
  • Distributions must begin at age 70-1/2.
  • Annual statement

Moving an IRA from another institution to Peoples Bank

There are a couple of ways you can move your IRA account. You can open a Peoples Bank IRA and complete a transfer form requesting the money directly from your current institution (custodian) to us, or you can withdraw the money yourself from the current custodian and send it to us as a rollover. Remember, this money is reported to the IRS and is considered taxable unless it is deposited into another IRA within 60 days of the distribution date. You are limited to one rollover per year (direct transfers are not limited).

Calculators

Below are some useful tools designed to help you plan your financial future. All calculators are for illustrative purposes and does not infer an offer of credit or service.

Calculate your monthly principal and interest payment. Enter the total loan amount and interest rate, then click the calculate button.

Loan Amount $

Annual Interest Rate %

Term of Loan Years


Number of Payments

Monthly Payment $

Instructions: Enter the ENTIRE purchase price of your financed mortgage, including any closing costs or other expenses that will be in the loan. Enter the down payment percentage amount, usually 5, 10, or 20 percent. Enter the interest rate in a whole number of the percent. For instance, if you were to get lucky enough for this rate, 5 percent would be entered as 5 not .05; 5.5 would be 5 and 1/2 percent. The default is 7 percent. Enter the mortgage term length duration (term) in years; the default is 30 years. The default is $160,000.00 for the loan. Do not use commas or the dollar sign ($) on any of the entries. Enter the estimated annual taxes and insurance percentages; those defaults are 1.7 percent and .6 respectively. Click on ANY field to Calculate results.

Home Purchase Information
Base Home Price $
Down Payment % $
   Loan Funding Amount $
Loan Interest Rate %
Loan Term In Years
Monthly Payment Information
Principal and Interest $
  Property Tax Rate $ = $
Insurance Rate $ = $
PMI Rate $ = $
Total Monthly Payment PITI $
Buyer's Qualifying Information
Combined Annual Income $
Total Monthly Debt $
Debt To Income Ratios /
Do You Qualify?

This calculator will help you to compare the total interest charges of four different loans. Instructions: To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.

# of
Payments
Interest
Rate
Principal   Monthly
payment
Total
Interest
%
%
%
%

Enter the amount you would like to withdraw each month:

Enter the Annual Interest Rate you expect to earn: %

Enter the number of years you would like to make the monthly withdrawls:

This is how much you need to have saved: