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.
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.
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*%||-||$15k||Peoples Bank (New Roads, LA)||Kasasa Cash|
|OTHER TIERS: 0.25% → $15k+|
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.
Peoples Bank has an overall health grade of "A" at DepositAccounts.com, 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 DepositAccounts.com that require a similar minimum deposit and are available within the market area, People Bank's 33-month CD APY currently ranks fourth.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|3.51% APY||36-Month CD||Pelican State Credit Union|
|3.37% APY||36-Month Share Certificate||Neighbors Federal Credit Union|
|3.35% APY||36-Month Term Deposit||Mountain America Credit Union|
|3.33% APY||33-Month CD||Peoples 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.