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Business Checking Accounts

No matter how large or small your business, we want to be your bank. And we'll back that up with the best personal service in the area.

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

Free Business Checking

The ideal account for smaller businesses with minimum checking needs.

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  • $100 opening deposit
  • No minimum balance required
  • Up to 300 transactions** per month allowed. A $0.30 per item fee is charged on transactions over 300.
  • Cash Coin fee is $0.12 per $100 after $5,000
  • e.Statements are provided free. Paper statements available for $1 per month – effective 1/1/14.

Small Business Checking

Ideal for small businesses and sole proprietorships with less than 500 combined transactions per month.

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  • $100 opening deposit
  • Up to 500 transactions** per month allowed. A $0.30 per item fee is charged on transactions over 500.
  • Maintain a daily balance of $5,000 to avoid $15.00 maintenance fee.
  • Cash Coin fee is $0.12 per $100 after $10,000

Advanced Business Checking

Ideal for businesses and sole proprietorships with less than 750 combined transactions per month.

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  • $100 opening deposit
  • Up to 750 transactions** per month allowed. A $0.30 per item fee is charged on transactions over 750.
  • Maintain a daily balance of $15,000 to avoid $16.00 maintenance fee.
  • Cash Coin fee is $0.12 per $100 after $20,000

Commercial Checking

Your monthly service charge based on account analysis, a process which computes an earnings credit less reserve requirement that can reduce or eliminate service charges, not including NSF. We will determine the earnings credit rate. This rate may change monthly without prior notice.

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  • $100 opening deposit
  • Unlimited check writing
  • Up to 750 transactions** per month allowed. A $0.30 per item fee is charged on transactions over 750.
  • 17.00 maintenance, $0.45 per deposit, $0.19 per check paid, $0.10 per check deposited, $0.05 ACH credit and Prime + 3.00% uncollected funds
  • Cash Coin fee is $0.12 per $100
  • Earnings Credit may offset analysis charges
  • Complimentary 3"x5" safe deposit box or $40.00 credit toward larger box for the first year.

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.
  • Complimentary standard check
  • Interest accrued daily on collected balances and credited monthly.
  • Progressive tiered interest plan.
  • For Sole Props, Non-profits and Public Funds

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.

Specialty Business Checking Accounts

Non-Profit Commercial

For non-profits

  • $100 to open
  • Non-interest bearing

Public Funds Regular Checking

For public funds

  • $100 to open
  • Non-interest bearing

IOLTA

Interest on Lawyer Trust Accounts

  • Interest bearing

Money Services

For Money Services Businesses

Business Savings Accounts

The best checking accounts, the best service, and great rates for your savings. With Peoples Bank, you enjoy the convenience of all your business banking in one place.

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

e.Savings

A solid return on your money, absolute safety and 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

This savings account pays 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.

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.
  • Complimentary Money Market Checks

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

Sweep Services

Maximize earnings by "sweeping" excess funds to a line of credit** or an overnight repurchase agreement. Zero balance or target balance accounts also available to analysis and offset by monthly account earnings credit.

  • $100 Sweep fee applied to analysis to be offset by earnings credit.
  • $50 charge for zero balance and target balance accounts applied to analysis to be offset by earnings credit.
** Credit approval required

Certificates of Deposit

Excellent interest and the best choices in terms from 180 days to 5 years; fixed and variable rates. For current rates and terms, email customer service at or call 828-466-1765, or toll-free 877-802-1212 from 8 a.m. to 7 p.m., Monday through Friday.

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.

Simplified Employee Pension Plan (SEP)

The simple way to contribute to your own and your employees' retirement funds. Your employer contributions are made directly into an IRA we set up for each individual. Contributions are tax-deductible and earnings grow tax-deferred.