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0.40% APY*
Peoples Bank Rewards Checking

No transaction fees at any ATM nationwide*

*Annual percentage yield. North Carolina residents only. See full account disclosures for terms and conditions.

Finally. A checking account you can get excited about.

Account Balance and Account Restrictions Apply

Requirements to be eligible for higher interest rates and free nationwide ATM usage:

  • Set up one direct deposit or draft per month
  • Make at least 10 debit card Point-of-Sale (POS) purchases per month. Purchases need to be posted and settled by the bank (excluding ATM transactions, returns and credits to your account.)
  • Receive your checking account statement electronically

If these requirements are not met every statement cycle then, (1) your standard APY will be 0.01%, (2) there will be a $8.00 monthly maintenance fee and (3) non Peoples Bank ATM fees will not be refunded.

*No minimum balance required, you must deposit $100 to open account. Fees may reduce earnings. Personal accounts only. Tier 1 balances of $30,000.00 or less earn 0.40% annual percentage yield (APY) on the entire balance. Tier 2 - An APY of 0.10% will be paid for the portion of your daily balance that is greater than $30,000.00. APYs may change after account opening. APY effective as of 01-02-2014.

New accounts may be opened online only by individuals (natural persons) who are US citizens. Prospective depositors must be of legal age to apply for a deposit account. Corporate entities and non-profits wanting to open a new account are requested to visit one of our offices. Peoples Bank Rewards Checking account is available only to North Carolina residents.

New online Peoples Bank Rewards Checking applications submitted on a non-business day or after 5 pm Eastern Time on a business day will be reviewed the next business day. Accounts will be opened and earn interest once all signed documents have been received and the deposit is posted. Our business days are Monday through Friday, excluding Federal holidays. See Terms and Conditions and Schedule of Fees for details about Peoples Bank Rewards Checking.

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