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Coronavirus Pandemic – COVID-19 Peoples Bank of East Tennessee Updates

Because the health and safety of our employees and customers is our top concern, we will be offering in-person banking services through our DRIVE-THRU until further notice. Our lobbies are available by appointment only. You can access our 24/7 banking services through our website, mobile app, telephone banking, and ATMs.
Learn more about Peoples Bank of East Tennessee's response to Coronavirus.

Business Money Market Account

Money Market Account

  • Interest credited monthly when average daily balance is at least $1,000.00
  • Limited to a maximum of 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
  • Per item charges for excess monthly withdrawals: $5.00
  • Monthly service charge if minimum balance falls below $1,000.00: $7.50
  • Minimum opening deposit: $1,000.00

Public Funds Money Market

  • Interest credited monthly when average daily balance is at least $1,000.00
  • Limited to a maximum of 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 (regulatory)
  • Per item charges for excess monthly withdrawals: $5.00
  • Monthly service charge if minimum balance falls below $1,000.00: $7.50
  • Minimum opening deposit: $1,000.00

Note:  Money Market Accounts may be closed or converted to a transaction account if excessive withdrawals occur.

* 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.