Average User Rating:| 418 Grover Street Lynden, WA 98264 800-584-8859 www.peoplesbank-wa.com  |
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Peoples Bank (WA) is headquartered in Lynden and is the 10st largest bank in the state of Washington. It is also the 544th largest bank in the nation. It was established in 1921 and as of September of 2011, it had grown to 327 employees at 27 locations. Peoples Bank (WA) has a 4-star health rating.
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19-Month CD Special at Peoples Bank in Washington State - Local Only - 5/12/2010
Peoples Bank is offering two CD specials at some of its branches in Washington State: a 2.00% APY 19-month CD and a 1.60% APY 15-month CD. Minimum deposit is $500. These rates are listed at the bank' ...
See Rates for: Checking | Savings | Money Market | CD | IRA
Peoples Bank (WA) Checking Account Rates
Peoples Bank (WA) Savings Account Rates
Peoples Bank (WA) Money Market Rates
Peoples Bank (WA) CD Rates
| Apy | Min | Max | Product | |
| 1.50% | $100k | - | 60 Month Fixed Rate CD | |
| 1.25% | $100k | - | 48 Month Fixed Rate CD | |
| 0.90% | $100k | - | 36 Month Fixed Rate CD | |
| 0.85% | $100k | - | 30 Month Fixed Rate CD | |
| 0.75% | $100k | - | 24 Month Fixed Rate CD | |
| 0.55% | $100k | - | 18 Month Fixed Rate CD | |
| 0.45% | $100k | - | 12 Month Fixed Rate CD | |
| 0.45% | $100k | - | 12 Month CD - Add On | |
| 0.35% | $500 | - | Community Connections 12 Month CD | |
| 0.30% | $100k | - | 6 Month Fixed Rate CD | |
| 0.22% | $50k | - | Market Plus 12 Month CD | |
| 0.15% | $50k | - | 3 Month Fixed Rate CD | |
| 0.10% | $500 | - | 9 Month Liquid CD | |
| 0.10% | $500 | - | 5 Month Liquid CD - Renewals only | |
| 0.10% | $500 | - | 6 Month Liquid CD - Renewals only |
Peoples Bank (WA) IRA Rates
| Apy | Min | Max | Product | |
| 1.50% | $100k | - | 60 Month Fixed Rate IRA | |
| 1.50% | $100k | - | 60 Month Fixed Rate Roth IRA | |
| 1.25% | $100k | - | 48 Month Fixed Rate IRA | |
| 1.25% | $100k | - | 48 Month Fixed Rate Roth IRA | |
| 0.90% | $100k | - | 36 Month Fixed Rate IRA | |
| 0.90% | $100k | - | 36 Month Fixed Rate Roth IRA | |
| 0.85% | $100k | - | 30 Month Fixed Rate IRA | |
| 0.85% | $100k | - | 30 Month Fixed Rate Roth IRA | |
| 0.75% | $100k | - | 24 Month Fixed Rate IRA | |
| 0.75% | $100k | - | 24 Month Fixed Rate Roth IRA | |
| 0.55% | $100k | - | 18 Month Fixed Rate IRA | |
| 0.55% | $100k | - | 18 Month Fixed Rate Roth IRA | |
| 0.45% | $100k | - | 12 Month Fixed Rate IRA | |
| 0.45% | $100k | - | 12 Month Fixed Rate Roth IRA | |
| 0.35% | $500 | - | Community Connections 12 Month IRA | |
| 0.35% | $500 | - | Community Connections 12 Month Roth IRA | |
| 0.30% | $100k | - | 6 Month Fixed Rate IRA | |
| 0.30% | $100k | - | 6 Month Fixed Rate Roth IRA |
Rates updated: 2/10/2012
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
4 out of 5 
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Not So Nice After All...
- doglover - Wednesday, August 17, 2011 - 2:09 PMI switched from Chase to People's bank of Washington, based on the idea that they were a friendlier, local bank. Things were fine until I went to deposit a check from Fidelity Investments (heard of them?). I had taken money because I had a need and wanted to have the check post the same day After I received the overnighted check, I found out that People's bank was skeptical of the validity and refused to call Fidelity to verify funds saying that it would do them no good to call. They were going to put a 2 day hold on 1/2 the check and then a 7 business day hold on the remainder. I asked what the logic was in that - meaning if they knew in 2 days that the check was "good" why would they hold the remainder. The banker stammered but had no answer. Clearly they are using my money for their profit. Really a deal breaker for me.
I have a car loan and savings account at BECU so I drove there and they released funds immediately - wasn't even an issue.
I say stick with the non-profit credit unions and run from for profit banks....ugh.
3
Same Experience As Doglover
I'm leaving Peoples too after having the exact same experience as doglover with a check from E-Trade. Guess they had never heard of them either. To make matters worse the teller accepted the check and then called me at home 2 hours later to explain they were doing me a favor by releasing $5,000 in 2 days but the other $15,000 would have a 10 day hold ! I have other checking accounts at other banks, where if gven the option at the time of deposit I would have taken the check to one of them. I asked someone at another branch about the check hold policy and was told it was discretionary so discretionary I guess they decide what to do after they take your check and you've left the building.
I closed my business account with them when I tried to add a savings account to my existing business account and the same busy body teller said she couldn't find my business registration with the State so they would have to close all my accounts. The Bank manager was smart enough to find it when I called but the damage was done so I went to US Bank.