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New Peoples Bank, Inc.


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.80%
Our Rating
4.2  / 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 7/6/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.31%
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 7/6/2025
4.44%
Our Rating
4.3  / 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 7/6/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 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 31st largest bank in the state of Virginia. It is also the 1,158th largest bank in the nation. It was established in 1998 and as of March of 2025, it had grown to 180 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 Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34890
Year Established1998
Employees180
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD10.12%
Annual Interest Income$11.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$881.2MM$850.8MM
LoansQ1 2025vs Q1 2024$662.9MM$631.2MM
DepositsQ1 2025vs Q1 2024$778MM$742MM
Equity CapitalQ1 2025vs Q1 2024$83.7MM$79.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$7.8MM$7.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$4.5MM$5.6MM
Real Estate OwnedQ1 2025vs Q1 2024$57K$157K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.80%
Our Rating
4.2  / 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 7/6/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.31%
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 7/6/2025
4.44%
Our Rating
4.3  / 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 7/6/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 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+
0.50%$0-Health Savings Account
0.25%$0-Statement Savings
0.25%$0-Christmas Club Auto Transfer
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: 1.01% → $1k - $50k

New Peoples Bank, Inc. Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%*$0$25kPeoples Premier Checking
OTHER TIERS: 0.25% → $25k+
0.25%$0-IOLTA-TN
0.25%$0-IOLTA-VA
0.25%$0-IOLTA-WV
0.05%$0-Peoples Plus Checking

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%$500-6 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
1.25%$25-Variable Rate Savings IRA
Locations

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