Peoples Bank has followed suit with many other banks around the country to lower its e.Savings Account rate to 1.81% APY from its more reasonable 2.02% rate. The good news, however, is that it still accepts customers from around the country. Here are some details of the account:
- 1.81% APY on balances of $10,000 or more
- 0.50% APY on balances under $10,000
- 6 free withdrawals allowed per quarter ($2.50 charge for each withdrawal thereafter)
- Electronic statements required to qualify for account
A $500 minimum is required to open the account and must be maintained daily to avoid $15 monthly service charge. To open account, you can apply online or visit one of the 17 branches located across North Carolina.
Other Terms and Conditions may apply to this offer - please contact the financial institution to review.