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Peoples Bank of the South

Checking & Savings

Checking


Basic Checking

Features:
  • Online Banking
  • Bill Pay
  • Minimum daily balance to avoid fee: $500 with e-statement
  • Minimum deposit of $50 to open account
  • Visa Debit Card offered
  • Direct Deposit Available
  • Electronic Statement
  • Fees could reduce earnings.
  • Monthly Fee: If $500 daily balance is not maintained; $8.00 paper statement; $6.00 with e-statement. If the daily balance is $500 or more, a paper statement costs $2.00 per month; no cost with the e-statement. No paper statement fee for accounts with a daily balance of $10,000 or greater.

    Daily Balance With Paper Statement With E-statement
    Less than $500 $8 $6
    $500 or greater $2 -
    $10,000 or greater - -

Regular Personal Checking

Features:
  • Online Banking
  • Bill Pay
  • Minimum daily balance to avoid fee: $1,000 with e-statement
  • Minimum deposit of $50 to open account
  • Check Imaging
  • Visa Debit Card offered
  • Direct Deposit Available
  • Electronic Statement
  • Fees could reduce earnings.
  • Monthly Fee: If $1,000 daily balance is not maintained; $10.00 paper statement; $8.00 with e-statement.
    If the daily balance is $1,000 or more, a paper statement costs $2.00 per month; no cost with the e-statement. No paper statement fee for accounts with a daily balance of $10,000 or greater.
Daily Balance With Paper Statement With E-statement
Less than $1,000 $10 $8
$1,000 or more $2 -
$10,000 or more - -
 

NOW Personal Account

Features:
  • Online Banking
  • Bill Pay
  • Minimum daily balance to avoid fee or earn interest: $2,000
  • Minimum deposit of $2,000 to open account
  • Check Imaging
  • Visa Debit Card offered
  • Earns Interest
  • Direct Deposit Available
  • Electronic Statement
  • Fees could reduce earnings
 

MMDA Personal

Features:
  • Online Banking
  • Minimum daily balance to avoid fee or earn interest: $2,500
  • Minimum deposit of $2,500 to open account
  • Check Imaging
  • Earns Interest
  • Transaction Limits: Additional fee of $3.00 per transaction charged on each item over the withdrawal limit of 6 per month
  • Direct Deposit Available
  • Electronic Statement
  • Fees could reduce earnings
 

MMDA Plus Checking

Features:
  • Online Banking
  • Minimum daily balance to avoid fee or earn interest: $5,000
  • Minimum deposit of $5,000 to open account
  • Check Imaging
  • Earns Interest
  • Transaction Limits: Additional fee of $3.00 per transaction charged on each item over the withdrawal limit of 3 per month
  • Direct Deposit Available
  • Electronic Statement
  • Fees could reduce earnings
 

Student Checking***

Features:
  • Online Banking
  • Bill Pay
  • Minimum deposit of $50 to open account
  • Check Imaging
  • Visa Debit Card offered
  • Direct Deposit Available
  • Electronic Statement- avoid $2 fee
  • Monthly Fee: $2 if paper statement
  • Fees could reduce earnings
**** A student is defined as a person enrolled as a full time student. This program is available for qualified students until their 23rd birthday.
 

Peoples Choice Club

Features:
  • Online Banking
  • Bill Pay
  • Minimum deposit of $50 to open account
  • Check Imaging
  • Visa Debit Card offered
  • Earns interest if minimum daily balance of $1,000 is maintained
  • Direct Deposit Available
  • Electronic Statement
  • Monthly Fee: $5
  • Fees could reduce earnings

Savings

 

Savings Regular Personal

  • Initial deposit of $50.00 to open account.
  • Please call one of our three locations for the current interest rate.
  • You must maintain a minimum balance of $200.00 in the account each day to obtain the disclosed annual percentage yield.
  • You will be charged $1.00 per withdrawal over 3 during each semi-annual interest period.
  • Fees could reduce earnings.
 

Savings Golden Personal

  • Initial deposit of $1,000.00 to open account.
  • Please call one of our three locations for the current interest rate.
  • You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
  • Fees could reduce earnings.
 

Christmas Club

Don't let Christmas expenses sneak up on you. Open a Christmas Club account at any amount and still earn interest. You get the check by the 1st of November.

  • Initial deposit of $5.00 to open account
  • Last time a deposit is credited for the year is the second week of October.
  • Check is mailed the last week of October.
  • Interest rate is the same as the regular savings rate.
  • Fees could reduce earnings.