Savings/CDs/IRAs

 

American Bank offers interest-bearing accounts for all types of individual needs and lifestyles.


Statement Savings Account

A good savings regimen can assure that you are prepared for anything—and give you peace of mind. American Bank makes it easy to build a solid foundation for your family, your future, your retirement.

  • No monthly maintenance fee with $100 minimum balance
  • $3 monthly maintenance fee if balance falls below minimum
  • Interest earned daily, credited quarterly
  • ATM/Debit Card available
  • 6 pre-authorized debits per statement cycle
  • Unlimited in-person withdrawals
  • Free eStatements available
  • 24-Hour Banking

$50 minimum deposit to open


Student Savings Account

It's never to early to start saving or teaching children the importance of good savings habits, therefore, American Bank has developed an account specifically for children. The low minimum balance to avoid monthly maintenance fees makes saving money easy and hassle free.

  • No monthly maintenance fee with $25 minimum balance
  • $2 monthly maintenance fee if balance falls below minimum
  • Interest earned daily, credited semi-annually
  • Individuals 18 years or younger are eligible
  • 24-Hour Banking

$25 minimum deposit to open


Certificates of Deposit (CDs)

Make the most of your money with Certificates of Deposit. Time deposits earn greater rates than savings yet maintain FDIC insurance. Choose the term that best fits your needs and then just sit back. The money will grow all on its own.

 
  • Fixed rate of return
  • No maintenance fees
  • Terms from 6 months to 5 years
  • Penalties apply for early withdrawal
  • Automatic renewal at rate in effect at time of maturity*
  • 24-Hour Banking

$500 minimum deposit to open. Excludes promotional CD's
CDs $100,000 and greater do not automatically renew

 

CD Specials

Term  Investment Interest Rate
APY*
11 months** $500-$49,999.99 1.60%
1.61%
11 months***
$50,000-$250,000 1.75%
1.76%
23 months** $500-$49,999.99  2.10% 2.11%
23 months***
$50,000-$250,000  2.30% 2.31%
*Annual Percentage Yield
**$500 minimum deposit.
***$50,000 minimum deposit. $250,000 maximum.
 
Limited time offer. Interest is paid semi-annually and at maturity. An 11 month CD auto renews to six month CD. A 23 month CD auto renews to eighteen month CD.CDs greater than $100,000 do not auto renew. Penalty for early withdrawal. Ask for details.

 

Current Rates


Individual Retirement Accounts (IRAs)

Contributing regularly to an IRA can help ensure your golden years are, in fact, golden. Best of all, you enjoy serious tax advantages while building a secure financial future for yourself and your family. American Bank offers Traditional, Roth, and Coverdell (education) IRAs, all with no maintenance fees.


IRA CD

  • Fixed rate of return
  • No maintenance fees
  • Terms from 6 months to 5 years
  • Automatic renewal at rate in effect at time of maturity*
  • IRS penalties may apply for early withdrawal
  • Penalties apply for early withdrawal
  • 24-Hour Banking

$250 minimum deposit to open
*IRA CDs $100,000 and greater do not automatically renew


Premium IRA Savings

1.30% APY*

  • Variable rate of return
  • No maintenance fees
  • No bank penalty for withdrawal
  • No minimum balance
  • IRS penalties may apply for early withdrawal
  • 24-Hour Banking

$100 minimum deposit to open

*Annual percentage yield. Rate is subject to change. Interest is paid semi-annually. Withdrawals are subject to IRA rules. Consult your tax advisor on tax implications. Personal accounts only. See a banker for details.


 

Health Savings Accounts (HSAs) and Holiday Club Accounts

Please contact a Personal Banker for more information on our HSAs and Holiday Club Accounts.


Money Market

Maintain a $2,500 minimum account balance to waive monthly maintenance fees and activity fees.*

  • Tiered variable rates
  • 6 pre-authorized checks and debits per statement cycle
  • Unlimited in-person withdrawals
  • Unlimited deposits and credits
  • ATM/Debit Card available
  • Free combined statements

$2,500 minimum deposit to open account
*$10 monthly maintenance fee if balance not maintained


For more information, Contact Us.