Regular Money Market Account

  • Interest credited monthly when average daily balance is at least $1,000.00
  • Limited to a maximum of 6 preauthorized, automatic, computer or telephone transfers, or by check to third parties.
  • Per item charges for excess monthly withdrawals: $5.00
  • Monthly service charge if minimum balance falls below $1,000.00: $7.50
  • No service charge with minimum balance of $1,000.00
  • Minimum opening deposit: $1,000.00

Super Money Market Account

  • Interest credited monthly when average daily balance is at least $10,000.00
  • Limited to a maximum of 6 preauthorized, automatic, computer or telephone transfers, or by check to third parties.
  • Per item charges for excess monthly withdrawals: $5.00
  • Monthly service charge if minimum balance falls below $10,000.00: $7.50
  • No service charge with minimum balance of $10,000.00
  • Minimum opening deposit: $10,000.00

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.