Choose the Best Checking Account for You

In this era of digital wallets and cryptocurrency, you may ask what value is there in a checking account? The answer is: plenty of value. Checking accounts have evolved to keep pace with the modern world. In fact, 9 in 10 people across the U.S. have a checking account, according to Drive Research. Why? A personal checking account remains one of the most secure and convenient ways to quickly deposit or withdraw your money, pay bills and budget. Additionally, many of these accounts come with benefits that make life easier, give you money back and more.

Benefits of a checking account
Checking products and services from banks are usually less costly than the fees you’d pay to access funds through check-cashing stores and payday lenders. Many checking accounts come with debit and ATM cards, giving you 24/7 access to your money. What else could make checking accounts more appealing? Well, your bank or credit union deposits are federally insured, up to $250,000 per qualified account.

There are many types of checking accounts, each with different features and benefits. Let’s explore the checking accounts offered at New Peoples Bank, so we can help you choose which might be the best option for your individual banking needs.

Peoples Checking account
A Peoples Checking account from New Peoples Bank offers customers essential banking services. Enjoy the basics that come with all of our checking accounts, without being charged for monthly fees, and there’s no minimum balance requirement. These basics include a free Visa debit card, Online and Mobile Banking, NPB Alerts, free eStatements, and Telephone Banking.

Peoples Plus Checking account

This is a perks checking account that is intended for customers who want to get the most out of their banking experience. In addition to the basics, earn interest with a minimum daily balance of $1,000, enjoy free eStatements and paper statements, and get free or discounted access to our GenGold program (free for GenGold® Basic, and $4.95 for GenGold® Ultimate). If an average minimum balance of $1,000 is maintained, you avoid monthly fees ($5 fee if monthly balance isn’t met).

Peoples Premier Checking account

This is our top tier checking account offering that gives you premium benefits and exceptional value. Enjoy all the basics and perks of our accounts, plus you can earn greater interest than the Peoples Plus Checking (2.70 APY* on balances up to $25,000). Maintain a $1,000 average balance or $25,000 combined Loan/Deposit balance to avoid an $8 fee, and enjoy GenGold® Ultimate for just $4.95

Open a checking account today
Ready to open a checking account with New Peoples Bank? We are excited to have you as part of our family and happy to answer any questions you may have along the way! Open your account online, contact us or stop at one of our branches.