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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 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.

**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.

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 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.

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, You can continue to cash savings bonds at any Peoples Bank office.

* 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

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.


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).