Regular Savings

  • No minimum balance required to earn interest
  • Six (6) free withdrawals per quarter ($2.00 each in excess of six)
  • Quarterly statements
  • Quarterly service charge if minimum balance falls below $50.00: $5.00
  • No service charge with minimum balance of $50.00
  • Service Charge is in addition to excess withdrawal fees
  • Minimum opening deposit: $100.00

Christmas Club Savings

  • You set the amount and frequency of deposits
  • Interest paid on average daily balance and paid annually
  • Checks mailed in early November
  • Minimum opening deposit: $5.00

CHANGE NOTICE EFFECTIVE IMMEDIATELY

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. 


Use our Online Savings and Retirement Calculators to see how an effective savings stragety can help accumulate wealth, plan for your children's college eduction, and create your own custom retirement plan.