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Savings Account Benefits

  • Free Online Banking
  • Free Mobile Banking
  • Free Automatic Text/Email Alerts
  • Free eStatements
  • Interest Bearing

Comparison Charts

Features Statement Savings Kids Club Money Market Premium Money Market Health Savings
Minimum to Open $25 $1 $1,000 $10,000 $100
Open Account Online Yes No No No No
To Qualify - Child on the account age 0-12 - - Under age 65 if enrolled in a Qualified High Deductible Health Plan
Premium Interest Rate - Yes
First $500
- Yes
Earn higher rate on higher balances
-
Minimum Balance to Earn Interest No No $1,000 $10,000 No
Check Writing Available No No Yes Yes Yes & VISA® Check Card
Withdrawal Limitations

Unlimited In Person

6 Electronic Transfers

Unlimited In Person

6 Electronic Transfers

Unlimited In Person

6 Electronic Transfers and/or Checks

Unlimited In Person

6 Electronic Transfers and/or Checks

Must be for a Qualified Medical Expense
Transaction Fees $15 for excess of 6 electronic transfers None $15 for excess of 6 electronic transfers and/or checks $15 for excess of 6 electronic transfers and/or checks None
Monthly Service Charge None None $5 if average daily balance is below $1,000 $10 if average daily balance is below $10,000 None
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Retirement Planner

Determine if your plan is on track and how to keep it there.

Retirement Planner

Cool Million

Find out when your savings plan may make you a millionaire!

Cool Million

College Savings

Develop or fine tune your education savings plan

College Savings

Statement Savings Account

This account is a traditional savings account that requires no other account relationships to avoid fees. It receives a quarterly statement or may be combined with a checking account statement.

Details

  • Open this account with only $25.00
  • Open Account Online
  • No monthly service charges at all!
  • No minimum balance requirements
  • 6 transfers allowed per month**
  • Statements are mailed out quarterly
  • Account is FDIC insured
  • Interest is compounded quarterly
  • Unlimited withdrawals at any of our branches
  • Accessible with VISA® Check card

Benefits

  • Earn interest on any balance
  • No penalty or limit on withdrawals
  • Free personalized deposit/withdrawal slips provided
  • Make any size deposit anytime
  • 24 hour access to money
  • Accepts direct debit or direct deposit
  • Save for a special purpose

**Transfers from a savings or money market account to another account of yours are limited to six (6) per month. This includes internet transfers. If you exceed this limit, there is a $15.00 fee for each one exceeding the limit. There is no limits for in-person withdrawals in a branch or at an ITM/ATM.

Open Account Online or Find a Location to Open an Account

For more information on our savings account options just contact the NPB branch nearest you today!

Cool Million

Design a savings plan that will make you a millionaire!

Cool Million

College Savings

Develop or fine tune your education savings plan

College Savings

Kids Club with kid handprints

Benefits

  • Balance to open $1.00
  • No monthly service charges
  • No minimum balance requirements
  • Watch your money grow with your NPB Kids Record Book
  • Premium paid on all balances up to and including $500. Balances over $500 will be paid at the statement savings rates.*
  • Statements are mailed out quarterly
  • Account is FDIC Insured
  • Interest is compounded daily

*Your interest rate and annual percentage yield may change on your account at any time.

Bee a Saver Brochure

  Bee a Saver
 

Money Market Deposit Account

The Money Market Deposit Account is a limited checking account that earns interest. It requires no other account relationships to avoid fees.

Details

  • Open this account with only $1,000.00
  • Earn interest and avoid the $5.00 low balance fee if the average daily balance is $1,000.00 or more
  • Monthly Statements mailed to you
  • 6 transfers allowed per month**
  • Account is FDIC insure
  • Images of checks are returned with statement & you can view them online through your free online banking account (Need an online account? Click here to sign up!)

Benefits

  • Earn higher interest on account
  • Funds are safe and secure
  • Record of all payments
  • Access account online or by telephone 24-7
  • Accepts direct debit or direct deposit
  • Ability to stop payment on checks
  • Unlimited in person withdrawals

**Transfers from a savings or money market account to another account of yours are limited to six (6) per month. This includes internet transfers. If you exceed this limit, there is a $15.00 fee for each one exceeding the limit. There is no limits for in-person withdrawals in a branch or at an ITM/ATM.

Find a Location to Open an Account

For more information on our savings account options just contact the NPB branch nearest you today!

Cool Million

Design a savings plan that will make you a millionaire!

Cool Million

College Savings

Develop or fine tune your education savings plan

College Savings

Premium Money Market Deposit Account

Make the most from your investments by using New Peoples Bank's Premium Money Market account. By using a tiered rate account, you can earn a higher rate on higher balances.

Earn Interest and avoid the $10.00 low balance fee if your average daily balance is $10,000 or more. Up to six transfers are allowed per month at no charge. View transaction information online through your free online banking account. Also, choose between receiving your statement through standard mail or opt to receive your statement via CD-ROM.

Benefits

  • FDIC insured
  • Earn higher interest on account
  • Record of payments
  • Accepts direct debits and direct deposits
  • 6 transfers allowed per month***
  • Ability to stop payment on checks
  • Competitive Rates
  • Business Online Banking
  • Unlimited in person withdrawals

***Transfers from a savings or money market account to another account of yours are limited to six (6) per month. This includes internet transfers. If you exceed this limit, there is a $15.00 fee for each one exceeding the limit. There is no limits for in-person withdrawals in a branch or at an ITM/ATM.
**(Tiered rates available upon request.)

Find a Location to Open an Account

For more information on our savings account options just contact the NPB branch nearest you today!

Cool Million

Design a savings plan that will make you a millionaire!

Cool Million

College Savings

Develop or fine tune your education savings plan

College Savings

Health Savings Account (HSA)


Take control of your health savings and be prepared for future medical expenses with an HSA from New Peoples Bank.

This account, in addition to a health plan featuring a high deductible, allows you to take control of your health care savings. A Health Savings Account may help you pay for qualified medical expenses such as co-payments, some over-the-counter medications prescribed by a physician, and even your health insurance deductible. Your HSA balance continues to roll over from year to year, allowing you to budget your health expenses and save to cover other medical expenses if required.

Details

  • Open this account with only 100.00
  • Account is FDIC insured
  • Yearly contributions are limited to your health plan's deductible
  • Subject to a yearly individual and family contribution limit
  • Persons aged 55 and older can make additional contributions to assist with future needs

Benefits

  • Contributions and interest earned is tax free
  • An HSA is portable. It belongs to you, not your employer
  • Your employer may choose to contribute to your HSA

Health Savings Video Image with doctor smiling and family in the background

Get Started

For more information on our savings account options or to open a Health Savings Account just contact the NPB branch nearest you today!

Open an HSA Account Online

Find a Location to Open an Account

Cool Million

Find out when your savings plan may make you a millionaire!

Cool Million

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