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American Savings
|
Young American
|
Premium Money Market
|
|---|---|---|
| Account Profile | ||
|
Basic account designed to help you reach your savings goals |
Savings program for age 17 or younger (Requires an immediate family member with an American Bank account to also sign on the account) |
Money market with competitive interest rate and limited check writing |
| Special Features | ||
|
Quarterly statement |
Quarterly statement |
Monthly statement |
| To Waive Maintenance Fee | ||
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Maintain daily balance of $500 or more |
Maintain daily balance of $5 or more |
Maintain daily balance of $2,500 or more |
| Maintenance Fee | ||
|
$3.50 per month |
$3 per quarter |
$15 per month |
| Withdrawal Charges/Limitations | ||
|
Two free withdrawals per month, then $5 each3 |
Three free per quarter, then $1 each3 |
Six free withdrawals per statement cycle, then $10 each3 |
| Interest | ||
|
Variable rate; paid monthly1, 2 |
Variable rate, paid quarterly1, 2 |
Tiered, variable rate; paid monthly1, 2 |
| Minimum Opening Deposit | ||
| $100 | $5 | $100 |
Savings Accounts
Saving couldn’t be simpler with American Bank. Choose an account based on convenience, earnings potential, and your current and future needs, then establish regular auto-transfers from your American Bank checking account to increase your savings.
Save today. Enjoy tomorrow.
Every account comes with free access through 24-Hour Bank-By-Phone, Online Banking, Mobile Banking and Text Banking service. Learn more about each savings plan in the chart below and decide which one is right for you.
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Our truly personal approach to service is what sets us apart. At American Bank, you don’t just open an account. You start a relationship, the way banking should be. We are committed to your success, and are here to act as your trusted advisor on all aspects of your financial life.
Helpful Resources
Personal Checking
Love convenience? We have a variety of personal checking accounts built around the way our clients like to bank.
Individual Retirement Accounts
It’s never too early or too late to plan for retirement.
Personal Certificate of Deposit
Put your extra cash to work and out of reach with a Certificate of Deposit.
Account Protection
The potential for fraud exists with virtually every transaction. Here are some tips on how to be alert and minimize your risk.
1Interest begins to accrue on the business day the bank receives credit for the deposit of noncash items such as checks.
2We 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.
3ATM, Point-of-Sale and debit card transactions are not counted as items for transaction charges (Foreign ATM charges still apply as per the current schedule of fees). During any month you may not make more than 6 withdrawals or transfers to another account or to a third party by means of a preauthorized or automatic transfer or telephone order or instructions, online transfer, or by check, draft, debit card or similar order. You may make unlimited in person or ATM withdrawals.
