Get to work growing with at a competitive rate!
Your business plan might include new equipment, needed repairs, facility upgrades and more. Build up the cash reserves to get the job done by opening one or more of our business savings accounts.
You'll always know where your savings stand
- Free Online and Mobile Banking to monitor savings growth
- Free eStatements
- NPB Alerts for immediate information about account activity
Business Savings Account
You need to save for the unexpected, and to fund good ideas or take advantage of opportunities. Earn competitive interest while maintaining fast access to your funds.
Money Market
Grow your funds while keeping your cash liquid with a Money Market that offers the ideal blend. You can maximize your earnings without taking risks or locking up your money in long-term investments. Money Markets deliver premium rates and guaranteed returns while keeping funds available.
- Start earning interest with a $1,000 deposit
- Larger balances earn interest at higher rates
- Interest rates increase at $50,000, $100,000 and $250,000 balance levels
Health Savings Account
A strong benefits package is a big selling point when your business is trying to attract and keep top workers. Health Savings Accounts can be a valuable part of that package. There's no cost to you as the employer – simply withhold a portion of each salary and direct it to tax-advantaged accounts that your employees can access for various medical expenses.
- HSAs are designed for individuals and families with high-deductible medical plans
- Help employees pay for qualified medical expenses such as co-payments, some over-the-counter medications and even health insurance deductibles
- Since HSA balances continue to roll over from year to year, your employees may be able to budget their health expenses and save to cover other medical expenses if required
- You may choose to contribute to your employees’ HSA as an added benefit
Certificates of Deposit
You're always planning for the next quarter, next year and further down the line. Start building up your reserve funds at some of our highest interest rates by investing in CDs. It's safe, secure, guaranteed growth at a fixed rate without the uncertainty of market fluctuations.
- Choose terms of 6 to 60 months
- Lock in your rate and maximize your savings over the full term
- Cash out your CD at maturity or reinvest for additional growth
- Your investment is secure with FDIC insurance up to $250,000
IntraFi Network Deposits
You can insure your investment amounts beyond the $250,000 FDIC threshold with IntraFi Network Deposits, formerly known as CDARS or Certificate of Deposit Account Registry Service, through New Peoples Bank. This allows your money to work for the local community, while keeping your funds safe, secure and earning interest for you.
We'll eliminate the time and hassle of manually consolidating interest disbursements and 1099 statements with multiple banks. There is no need to rate shop when you can conveniently earn one competitive rate on your entire investment without lifting a finger.
Here's how it works:
- Acting as custodian, the bank places the available funds ($10,000 minimum required) into CDs using multiple banks within a special network via IntraFi Network’s Certificate of Deposit Account Registry Service
- Investments can be seen and read as if they were invested with New Peoples Bank alone
- You receive statements that list all issuing banks that your money is distributed to, along with interest earned, maturity dates and balances
Your Vision. Our Financing. Let’s Build Something Great
We’re not just lenders - we’re partners in your success. Let’s talk about
how our Commercial Loans can help you take the next big step.
how our Commercial Loans can help you take the next big step.