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Peoples Community Bank Review

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Peoples Community Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Peoples Community Bank was founded in 1977 with headquarters located in Greenville, Missouri. Peoples Community Bank owns $449 million in assets and deposits totaling $365 million, classifying it as a medium-size bank. Peoples Community Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a poor 3 stars out of 5, Peoples Community Bank proves it is a satisfactory bank that you should look closer at to see if it fits your needs. Peoples Community Bank offers a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Peoples Community Bank has a fair savings rate compared to the average savings account. The bank's standard checking product has a $6.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Locating an institution with no-fee checking as well as a high savings APY is your best bet for gaining the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.0/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.0
SmartAsset Average: 3.5

Peoples Community Bank features a savings rate of 0.10%, which is fair in comparison to other U.S. banks. Peoples Community Bank's one-year CD earns at a rate of 0.50% and the five-year CD earns at a rate of 1.00%, while its highest-yielding money market account earns at an APY of 1.75%. Given Peoples Community Bank's noncompetitive savings rate, you should consider other options to earn more on your deposits.

How Peoples Community Bank's Savings Rates Compare

Peoples Community Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

Peoples Community Bank typically has high fees in comparison to the national average. Peoples Community Bank's checking account has a monthly fee of $6.00, which makes it fair for anyone looking for a hassle-free account. Peoples Community Bank does not reimburse out-of-network ATM fees, meaning you will be required to locate a Peoples Community Bank ATM or eat the cost of withdrawal.

Monthly Fee $6.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Peoples Community Bank is a brick-and-mortar bank, with 15 total bank locations in Missouri. With a mobile app, Peoples Community Bank provides easy account access, even from home or work. Peoples Community Bank receives a superb consumer satisfaction score due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.6
SmartAsset Average: 4.8

Peoples Community Bank is a medium-size bank and has $449 million in assets and deposits totaling $365 million. Its Texas Ratio is 9.59%, suggesting that Peoples Community Bank is in good financial condition and far from failure. Additionally, Peoples Community Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

9.59%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Peoples Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.75% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.00% APY
$500 for all terms
Money Market Account 1.75% APY $500

Peoples Community Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Peoples Community Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Peoples Community Bank's CD rates are fair compared to other U.S. banks.

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Find a Peoples Community Bank Near Me

Peoples Community Bank has 15 branches in the U.S.

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