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.

3.00*%-$15kPeoples Bank (New Roads, LA)Kasasa Cash
OTHER TIERS: 0.25% $15k+
Rates as of November 18, 2018.

Kasasa Cash Qualifying Requirements

The qualifying requirements to earn the stated APY are:

  • 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

Peoples Bank’s Kasasa Cash has no minimum balance requirement, no monthly fees, and no penalty for not meeting account qualifications. Nationwide ATM fees will be reimbursed up to $20 per month (receipts must be presented for individual ATM fees of $5 or higher).

Even if you don't qualify one month, you still have a free account — plus you
can get right back to earning your rewards the following month.

Kasasa Saver

Peoples Bank also has a Kasasa Saver account (0.50% APY on qualifying balances up to $15k; 0.25% on qualifying balances over $15k) that can be linked to the Kasasa Cash account. Interest earned in the Kasasa Cash account is automatically transferred to the Kasasa Saver account each statement cycle. The Kasasa Saver account requires a minimum opening deposit of $10 and there are no monthly fees associated with the account.

0.50*%-$15kPeoples Bank (New Roads, LA)Kasasa Saver
OTHER TIERS: 0.25% $15k+
Rates as of November 18, 2018.


Headquartered in New Roads, Louisiana, Peoples Bank is a full-service community bank with a primary market area covering Pointe Coupee Parish. The Kasasa Cash and Kasasa Saver accounts are available to residents of Louisiana (U.S. Citizens and Resident Aliens, 18 years or older) through the Bank’s online application.

Opening a Kasasa Cash or Kasasa Saver account can be done online, or at any of three Louisiana branches located in Baton Rouge, Livonia, and New Roads.

Bank Overview

Peoples Bank (FDIC Certificate # 23090) has an overall health grade of "B+" at, with a Texas ratio of 4.76% (excellent) based on December 31, 2015 data. Peoples Bank has an excellent capitalization level (12.86%), a result of holding $212.46 Million in assets with $27.32 Million in equity. Please refer to our financial overview of Peoples Bank 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. 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 Kasasa Cash Compares

When compared to the 51 High Yield Reward Checking Accounts tracked by that are available to Louisiana residents, Peoples Bank’s Kasasa Cash APY currently ranks in the top eight. The following is a sampling of those eight accounts.

The above rates are accurate as of 3/28/2016.

To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.

Related Pages: Peoples Bank (New Roads, LA), Baton Rouge


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.