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American Bank
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Personal Savings


Helping You Make The Most of Your Money


American Bank savings account options are great for setting aside cash for big purchases, rainy days, or preparing for a financially secure future. 

 



AMERICAN SAVINGS


This account is designed for customers who desire an interest-bearing savings account.


  • Minimum to open: $100
  • Balance to avoid a $10 monthly service charge: $250 daily balance or monthly direct deposit
  • Six (6) electronic or automatic transfers per month ($5 for each withdrawal over 6)
  • Free E-Statements or $2.50 fee per statement for Paper Statements
  • Online and Mobile Banking included


JR. FREEDOM SAVINGS

 

This account is designed for our younger savers up to 18 years old.



  • Minimum to open: $25
  • No monthly service charge
  • Six (6) electronic or automatic transfers per month ($5 for each withdrawal over 6)
  • Free E-Statements or $2.50 fee per statement for Paper Statements
  • Online and Mobile Banking included


PRESTIGE MONEY MARKET


This account is designed for customers who want to earn interest on higher balances with limitations of their monthly transactions.


  • Minimum to open: $100
  • To avoid a $15 monthly service charge:  $2,500 daily balance
  • Six (6) electronic or automatic transfers per month ($5 for each withdrawal over 6)
  • One (1) Wallet style money market check order free per year
  • Tiered balances will allow higher interest rates as the balance increases
  • Free E-Statements or $2.50 fee per statement for Paper Statements
  • Online and Mobile Banking included

CERTIFICATE OF DEPOSIT (CD)


We offer easy and convenient short- and long-term investments ranging from 1 month to 60 months.  With tiered rates and interest payment options, saving is easy.  Let us help you start saving today.


  • Minimum to open: $500
  • Penalty may be imposed if withdrawn before maturity


INDIVIDUAL RETIREMENT ACCOUNT


It is important to save for retirement. We offer short- and long-term investments ranging from 12-60 months as well as an IRA Savings account. We can help you roll funds over from previous retirement plans and prepare for a secure future. 


  • Minimum to open IRA savings is $100
  • Minimum to open longer-term products is $500
  • Penalty may be imposed if withdrawn before maturity
  • Additional tax penailties will be imposed for withdrawls made prior to age 59½
  • We suggest consulting a tax professional before making withdrawls from your IRA

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