• No minimum balance required to earn interest
  • Limited to a maximum of Six (6) withdrawals or transfers per monthly statement cycle to another account or to a third party by means of preauthorized or automatic transfer, telephone order, computer transfer, or by check, draft, debit card or similar order to a third party
  • Six (6) free withdrawals per quarter ($2.00 charge for each withdrawal in excess of six)
  • Quarterly statements
  • Quarterly service charge if minimum balance falls below $50: $5.00
  • Service charge is in addition to excess withdrawal fees
  • Minimum opening deposit: $100.00

* Under the Unlawful Internet Gambling Enforement Act of 2006, business accounts are not the be used for restricted transactions.  Restricted transactions are defined in our Unlawful Internet Gambling policy.


Due to the recent amendment of Regulation D by the Board of Governors of the Federal Reserve System, Peoples Bank of East Tennessee is temporarily suspending the enforcement of the six (6) per month convenient transfers and withdrawals from savings accounts (includes money market accounts) until November 1, 2020.  This will allow you to make unlimited transfers and withdrawals from your savings or money market accounts.  In addition, you will not be charged excessive withdrawal fees during this temporary suspension.