Peoples Bank savings, CD and money market rates
Peoples Bank's Personal Savings lists 0.10% APY. That is 0.28 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #2403 of 3121 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2238.
Peoples Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.10% · Personal Savings |
| Minimum to open | $50 · Personal Savings |
| Against the national average | 0.28 percentage points below the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 2.30% · 60 months · Personal CD - 60 months |
| Minimum to open | $500 · 60 months CD |
| Against the national average | 0.89 percentage points above the 1.41% FDIC 60-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 2.20% · Personal Money Market Account · needs at least $100,000 |
| Minimum to open | $50 · Personal Money Market Account |
| Against the national average | 1.57 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 6158 · Bellingham, WA |
|---|---|
| Website | www.peoplesbank-wa.com |
| Branches | 23 branches in WA |
| Availability | Available in WA |
Peoples Bank savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
How the rate applies
Business
How the rate applies
How the rate applies
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Peoples Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 6 months | 2.00% | $500 | Personal CD - 6 months |
| 12 months | 1.80% | $100 | Great Beginnings CD |
| 12 months | 2.05% | $500 | Personal CD - 12 months |
| 18 months | 2.15% | $500 | Personal CD - 18 months |
| 24 months | 2.20% | $500 | Personal CD - 24 months |
| 36 months | 2.00% | $500 | Personal CD - 36 months |
| 60 months | 2.30% | $500 | Personal CD - 60 months |
| IRA CDs | |||
| 6 months | 2.00% | $100 | CD IRA - 6 months |
| 12 months | 2.05% | $100 | CD IRA - 12 months |
| 18 months | 2.15% | $100 | CD IRA - 18 months |
| 24 months | 2.20% | $100 | CD IRA - 24 months |
| 36 months | 2.00% | $100 | CD IRA - 36 months |
| 60 months | 2.30% | $100 | CD IRA - 60 months |
| Business CDs | |||
| 6 months | 2.00% | $500 | Fixed Rate Certificate - 6 months |
| 12 months | 2.05% | $500 | Fixed Rate Certificate - 12 months |
| 18 months | 2.15% | $500 | Fixed Rate Certificate - 18 months |
| 24 months | 2.20% | $500 | Fixed Rate Certificate - 24 months |
| 36 months | 2.00% | $500 | Fixed Rate Certificate - 36 months |
| 60 months | 2.30% | $500 | Fixed Rate Certificate - 60 months |
Interactive Tool
Calculate Savings for Peoples Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$339.20(2.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,339.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Peoples Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Peoples Bank paid a higher average rate on savings and money market deposits than 63% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Peoples Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Youth Savings | Up to 5.50% | $50 | $0 | $1,000 | no monthly fees, no minimum balance | not stated | Tiered | |
| Fine print: The top rate applies only to the first $1,000 of the balance. The portion above $1,000 earns a much lower rate. | ||||||||
| Personal Savings | 0.10% | $50 | $0 | None | $3 monthly service charge; waived with a $300 minimum daily balance, and waived for youth under 19 years of age | not stated | One rate | |
| Health Savings Account | 0.05% | $50 | $0 | None | A service fee of $3.00 will be assessed each month | not stated | One rate | |
| Personal Money Market Account | Up to 2.20% | $50 | $0 | None | $10 monthly service charge; waived with a $10,000 minimum daily balance | not stated | Tiered | |
| IRA | ||||||||
| Money Market IRA | Up to 0.10% | $50 | $0 | None | not stated | not stated | Tiered | |
| Business | ||||||||
| Business Money Market | Up to 2.20% | $50 | $0 | None | $10 monthly service charge; waived with a $10,000 minimum daily balance | not stated | Tiered | |
| Business ICS Money Market | Up to 1.95% | not stated | $0 | None | not stated | not stated | Tiered | |
| Fine print: The rate applies only to funds placed in the IntraFi Network through the bank's Insured Cash Sweep service, not to the whole balance. | ||||||||
| Business Savings | 0.10% | $50 | $0 | None | $5 monthly service charge; waived with a $500 minimum daily balance | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| Personal CD - 6 months | 6 months | 2.00% | $500 | not stated | not stated |
| Great Beginnings CD | 12 months | 1.80% | $100 | not stated | not stated |
| Fine print: Money can be added to the certificate after it is opened, in amounts of $50 or more, or $25 with a recurring transfer from a checking or savings account at this bank. An ordinary certificate does not allow this. | |||||
| Personal CD - 12 months | 12 months | 2.05% | $500 | not stated | not stated |
| Personal CD - 18 months | 18 months | 2.15% | $500 | not stated | not stated |
| Personal CD - 24 months | 24 months | 2.20% | $500 | not stated | not stated |
| Personal CD - 36 months | 36 months | 2.00% | $500 | not stated | not stated |
| Personal CD - 60 months | 60 months | 2.30% | $500 | not stated | not stated |
| IRA CDs | |||||
| CD IRA - 6 months | 6 months | 2.00% | $100 | not stated | not stated |
| CD IRA - 12 months | 12 months | 2.05% | $100 | not stated | not stated |
| CD IRA - 18 months | 18 months | 2.15% | $100 | not stated | not stated |
| CD IRA - 24 months | 24 months | 2.20% | $100 | not stated | not stated |
| CD IRA - 36 months | 36 months | 2.00% | $100 | not stated | not stated |
| CD IRA - 60 months | 60 months | 2.30% | $100 | not stated | not stated |
| Business CDs | |||||
| Fixed Rate Certificate - 6 months | 6 months | 2.00% | $500 | not stated | not stated |
| Fixed Rate Certificate - 12 months | 12 months | 2.05% | $500 | not stated | not stated |
| Fixed Rate Certificate - 18 months | 18 months | 2.15% | $500 | not stated | not stated |
| Fixed Rate Certificate - 24 months | 24 months | 2.20% | $500 | not stated | not stated |
| Fixed Rate Certificate - 36 months | 36 months | 2.00% | $500 | not stated | not stated |
| Fixed Rate Certificate - 60 months | 60 months | 2.30% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in WA |
|---|---|
| Footprint | 23 branches in WA |
| Eligibility | not stated |
How Peoples Bank behaves over time
Every observation of the advertised Personal Savings rate in the last 12 months was 0.10% (observed through Oct 27, 2026). The series includes promotional tiers where one applied.
- Personal Savings
- The same as 30 days ago.
- 60 months CD
- The same as 30 days ago.
- Rate last changed
- Aug 17, 2026(effective date)
$10,000 at the 0.10% APY Peoples Bank advertises on Personal Savings grows to $10,010 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,649 does today. See how the federal funds rate shapes savings rates.
Peoples Bank CD rates over time
Who is Peoples Bank?
| Headquarters | Bellingham, WA |
|---|---|
| Founded | 1921 |
| Scale | $2.4B assets · $2.1B deposits, $1.4B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 6158 |
| Charter state | Washington · one of 29 insured banks chartered there (Q2 2026, FDIC) |
| Size | 495th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 19% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Peoples Bank pays on deposits above.
Common questions about Peoples Bank
Is Peoples Bank FDIC insured?
Yes. Peoples Bank is FDIC insured under certificate 6158, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Peoples Bank?
Peoples Bank requires a minimum deposit of $50 to open its Personal Savings account, as observed on Oct 27, 2026. Check the bank's current terms before you open an account.
Does Peoples Bank have branches?
Yes. Peoples Bank operates 23 branches according to FDIC branch records, in addition to its website and mobile apps.
Peoples Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Peoples Bank | 0.10% | 1.78% | $50 | 23 branches in WA |
| Alliance Bank | 0.10% | 1.33% | $300 | 7 branches in IN |
| Andover State Bank | 0.10% | 2.23% | not stated | 2 branches in KS |
| Argentine Federal Savings | 0.10% | 1.99% | $50 | 2 branches in KS |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Peoples Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Washington, nearest to Peoples Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: savings rates in Washington, money market rates in Washington, and banks in Washington.