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Senior Checking

0.10% APY* balances below $5,000

0.50% APY* balances $5,000 and up

We celebrate our exceptional customers age 55 and older with this exceptional checking account dedicated to your needs, like earning a premium interest rate. It's simply the right thing to do.

Benefits and Features

Complimentary initial order of standard checks
Online Banking
Billpay
Overdraft protection
Mobile Banking and Mobile Check Deposit
Paper statements with check images at no charge
Same-day credit on deposits made at teller window until 5 p.m. on business days
Interest bearing with tiered rates:
$0-4999.99
$5000 and above

Terms and Fees

Must be 55 years of age and older
$100 minimum to open
$8 maintenance fee waived by receiving one direct deposit every month
$5 non-qualifying fee is charged every statement cycle when age requirement is not met

Prospective depositors must be of legal age to apply for a deposit account.

*Annual percentage yield. North Carolina residents only. See full account disclosures for terms and conditions. All annual percentage yields (APYs) are accurate as of 01/09/2023. Rate may change after account opening. Fees may reduce earnings on the account.

Disclosures

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Truth-in-Savings Disclosure

Senior Checking Account

Date: 10/18/2023

This disclosure sets forth certain conditions, rates, fees and charges that are specific to your Account. Each Account Owner agrees to the terms set forth on this Truth in Savings Disclosure, and acknowledges that it is part of the Account Agreement. We may change the rates, fees and charges contained in this schedule from time to time in accordance with applicable laws.

The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current rate and yield information please call us at 877-802-1212.

This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

Variable Rate. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change.

Determination of Rate. At our discretion, we may change the interest rate on your account.

Frequency of Rate Change. We may change the interest rate on your account at anytime.

Minimum Balance Requirements

To open the account. You must deposit at least $100.00 to open this account.

Compounding and Crediting

Frequency. Interest will be compounded monthly. Interest will be credited to the account monthly.

Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest.

Balance Computation Method

Daily Balance Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Noncash Deposits

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Additional Terms

Account Maintenance Fees/Qualifications:

Must be age 55 and older. $5.00 non-qualifying fee is charged every statement cycle when age requirement is not met. $8.00 maintenance fee waived by receiving one direct deposit every statement cycle.

Peoples Bank reserves the right to limit deposit balances at any time.

Rate

Range of Balances	Interest Rate	APY
$0.00 - $4,999.99	0.10%	0.10%
$5,000.00 and above	0.50%	0.50%

Account Disclosures