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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 free online banking, free billpay, overdraft protection, free mobile banking, free e.Statement with check images and same-day credit on deposits made at a teller window until 5 pm.

Specialty Business Checking Accounts

Non-Profit Commercial

For non-profits

  • $100 to open
  • Non-interest bearing
  • Paper statements are $1 per month.

Public Funds Regular Checking

For public funds

  • $100 to open
  • Non-interest bearing
  • Paper statements are $1 per month.

IOLTA

Interest on Lawyer Trust Accounts

  • Interest bearing
  • Paper statements are $1 per month.


* Federal regulations allow unlimited withdrawals & transfers at teller window, ATMs and by mail. Other withdrawals or transfers are limited to six during any monthly statement cycle.
**Transactions include debits, credits or items deposited.
Effective September 1, 2014. Account structure, features, terms and conditions are subject to change at any time at the Bank's discretion.

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 free online banking, free billpay, free mobile banking, free e.Statement with check images and same-day credit on deposits made at a teller window until 5 pm.

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


* Federal regulations allow unlimited withdrawals & transfers at teller window, ATMs and by mail. Other withdrawals or transfers are limited to six during any monthly statement cycle.
**Transactions include debits, credits or items deposited.
Effective September 1, 2014. Accounts structure, features, terms and conditions are subject to change at any time at the Bank's discretion.

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.