Personal Savings Accounts

American Bank has several options to help you reach your personal savings goals. From regular Savings accounts to Money Market Accounts or Certificates of Deposit, we have the right account for you!

If you have questions, please call (254) 412-2000 or e-mail our New Accounts department.

Contact Us

 

Personal Savings Account

A basic account for those who are starting to save.

Features

  • $100 Minimum Opening Deposit
  • Unlimited access to Internet Banking
  • Contact Us for our current rates

$3.00 each quarter if a $100.00 minimum daily balance is not maintained.

$2.00 for each withdrawal in excess of 3 per quarter.

Federal regulations allow a maximum of 6 withdrawals per statement cycle.

 

 

Personal Money Market Account

Money Market account for those who want easy access to funds.

Features

  • $2,500 Minimum Opening Deposit
  • Unlimited access to Internet Banking
  • Unlimited access to TeleBANK 254-867-7666
  • Contact Us for our current rates

$10.00 each month if $2,500.00 minimum daily balance is not maintained.

$10.00 for each check/debit cleared in excess of 6 during a statement cycle.

Federal regulations allow a maximum of 6 withdrawals per statement cycle.

 

Certificates of Deposit (CD)

A CD is an account offered to depositors who agree to keep their money in the account for a specified amount of time in exchange for a specified interest rate.

 

Features

  • $1,000 Minimum Opening Deposit
  • Maturity Terms: 32 days to 5 years
  • Contact Us for our current rates

Penalty assessed for early withdrawals:

  • 3 months interest for Certificates with maturities of 1 year or less
  • 6 months interest for Certificates with maturities greater than 1 year

Individual Retirement Accounts

An IRA is an account offered to depositors for retirement purposes. The account is set up for a specified amount of time with a specified rate.

If you have questions, please call 254.412.2000 or send us a secure email.

 

Features

  • $100 Minimum Opening Deposit
  • Maturity Terms: 32 days to 5 years
  • Contact Us for our current rates

Penalty assessed for early withdrawals:

  • 3 month's of interest for Certificates with maturities of 1 year or less
  • 6 month's of interest for Certificates with maturities of 2 years or more

 

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