Peoples Bank (LA) Adds 33-Month CD, 3.33% APY


Deal Summary: 33-month CD, 3.33% APY, $2.5k minimum deposit

Availability: Market area includes Pointe Coupee and East Baton Rouge Parishes, Louisiana.

Peoples Bank is currently featuring a 33-month CD that earns 3.33% APY. This limited-time offer requires a minimum opening deposit is $2.5k, with no stated balance cap.

3.33%$2.5k-Peoples Bank (New Roads, LA)33 Month CD
Rates as of February 20, 2019.

The 33-month CD has the highest rate of all Peoples Bank's CDs: the 5-year CD currently earns 3.08% APY.

According to CSR, the Early Withdrawal Penalty is six months of interest, with partial withdrawals allowed.

Kasasa Cash

Peoples Bank added the Kasasa brand product line in mid-2015. The Kasasa Cash (a rewards checking account) initially offered 3.00% APY on qualifying balances up to $15k; that rate is still in effect today. Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.03% APY.

3.00*%-$15kPeoples Bank (New Roads, LA)Kasasa Cash
OTHER TIERS: 0.25% $15k+
Rates as of February 20, 2019.

The Kasasa Cash’s qualifying requirements include,

  • Have at least 15 check card purchases
  • Be enrolled in and receive e-Statements
  • Be enrolled and log into online banking
  • Have at least one ACH debit or credit transaction

The Kasasa Cash has no minimum balance requirement, no monthly fees, but does require a $100 minimum opening deposit. Nationwide ATM fees will be reimbursed up to $20 per month (receipts must be presented for individual ATM fees of $5 or higher).


Headquartered in New Roads, Louisiana, Peoples Bank is a full-service community bank with a physical market area that includes Pointe Coupee and East Baton Rouge Parishes.

While the Kasasa Cash and Kasasa Saver accounts are available to all Louisiana residents through an online application, opening a CD must be done at any of four Louisiana branches located in Baton Rouge (2), Livonia, and New Roads.

Bank Overview

Peoples Bank has an overall health grade of "A" at, with a Texas Ratio of 10.78% (excellent) based on September 30, 2018 data. In the past year, Peoples Bank has increased its total non-brokered deposits by $23.3 million, an excellent annual growth rate of 11.32%. Please refer to our financial overview of Peoples Bank (FDIC Certificate # 23090) for more details.

Known simply as Peoples Bank, The Peoples Bank and Trust Company of Pointe Coupee Parish, Louisiana, was established in 1980 and is headquartered in New Roads, the parish seat of Pointe Coupee Parish. According to Wikipedia, "Le Poste de Pointe Coupée (The Pointe Coupee Post) is one of the oldest communities in the Mississippi River Valley, established by European colonists" in the 1720s. Currently the 50th largest bank in Louisiana, Peoples Bank serves the community along False River, an oxbow lake that was once the main channel of the Mississippi River in the area.

How the CD Compares

When compared to 236 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the market area, People Bank's 33-month CD APY currently ranks fourth.

Interest RateCD Length of TermCredit Union/Bank
3.51% APY36-Month CDPelican State Credit Union
3.37% APY36-Month Share CertificateNeighbors Federal Credit Union
3.35% APY36-Month Term DepositMountain America Credit Union
3.33% APY33-Month CDPeoples Bank

The above rates are accurate as of 2/1/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Baton Rouge checking accounts, reward checking accounts, 5-year CD rates

Peoples Bank (LA) Has Competitive Kasasa Cash Account
Availability: Although primarily a community-oriented institution, Peoples Bank’s market area for the Kasasa Cash account is all of Louisiana.

Eight months ago, Peoples Bank debuted its new Kasasa Cash account, which earns 3.00% APY on qualifying balances up to $15k; qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.03% APY.

The minimum opening deposit for this fee-free account is $100.

Kasasa Cash Qualifying Requirements

The qualifying requirements to earn the stated APY are:

  • Have at least 15 check card purchases
  • Be enrolled in...

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