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New Peoples Bank, Inc.


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.newpeoples.bank
276-873-6288
53 Commerce Drive
Honaker, VA 24260

New Peoples Bank, Inc. is headquartered in HONAKER and is the 32nd largest bank in the state of Virginia. It is also the 1,183rd largest bank in the nation. It was established in 1998 and as of December of 2024, it had grown to 177 employees at 19 locations. New Peoples Bank, Inc.'s CD rates are 4X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34890
Year Established1998
Employees177
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD11.35%
Annual Interest Income$44.5MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$855.3MM$826.6MM
LoansQ4 2024vs Q4 2023$649.9MM$630.9MM
DepositsQ4 2024vs Q4 2023$754.1MM$717.7MM
Equity CapitalQ4 2024vs Q4 2023$81.9MM$80.1MM
Loan Loss AllowanceQ4 2024vs Q4 2023$7.7MM$7.3MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$3.3MM$3.5MM
Real Estate OwnedQ4 2024vs Q4 2023$87K$157K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Peoples Bank, Inc. Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%*$0$5kKids Club Savings
OTHER TIERS: 0.25% → $5k+
1.25%$25-Variable Rate Savings IRA
0.50%$0-Health Savings Account
0.25%$0-Statement Savings
0.25%$0-Christmas Club Auto Transfer
0.25%$0-Vacation Club
0.20%$0-Christmas Club Coupon Book

New Peoples Bank, Inc. Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%*$50k*-Money Market Deposit Account
OTHER TIERS: 0.50% → $1k - $50k

New Peoples Bank, Inc. Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%*$0$25kNew Freedom Choice Checking
OTHER TIERS: 0.25% → $25k+
2.70%*$0$25kChairman's Choice Checking
OTHER TIERS: 0.15% → $25k+
0.25%$0-IOLTA-TN
0.25%$0-IOLTA-VA
0.25%$0-IOLTA-WV
0.07%$0-Community Plus Checking
0.05%$0-Peoples Checking
0.05%$0-New Freedom

New Peoples Bank, Inc. CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.66%$500-12 Month Certificate
3.66%$500-24 Month Certificate
3.60%$500-30 Month Certificate
3.55%$500-36 Month Certificate
3.30%$500-48 Month Certificate
3.10%$500-15 Month Certificate
3.10%$500-18 Month Certificate
3.10%$500-60 Month Certificate
3.10%$500-15 Month Bump-Up Certificate
2.50%$500-7-31 Day Certificate
2.50%$500-32-181 Day Certificate
2.50%$500-6 Month Certificate

New Peoples Bank, Inc. IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.66%$500-12 Month IRA
3.66%$500-24 Month IRA
3.60%$500-30 Month IRA
3.55%$500-36 Month IRA
3.30%$500-48 Month IRA
3.25%$500-18 Month IRA
3.25%$500-60 Month IRA
Locations

Availability



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