Business SavingsBusiness Money Market & Savings Accounts

American Bank offers a basic Business Savings Account and a Money Market Account to suit your company’s needs. Certificates of Deposit are also available. If you have questions, please call 254.412.2000 or e-mail our New Accounts department.

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Business Savings Account

A basic interest bearing savings account.

Business Savings Account
Minimum Opening Deposit $100
Fees $3.00 each quarter if a $100.00 minimum balance is not maintained. $15 if account is closed within the first 90 days. $2 for each withdrawal in excess of 3 per quarter.
Interest Rate Contact Bank for current rates.
Limitations You may make six (6) transfers from your account each 4 week or similar period.
ATM and in-person transfers and withdrawals are unlimited.
 Internet Banking Unlimited access to Internet Banking.

 

Business Money Market Account

This is an interest bearing account for customers with excess cash or minimal activity. The interest rate varies according to the balance. Withdrawals are limited, by Federal law, to six per month.  Call or come by our convenient locations for the latest rates and to apply.

Business Money Market Account
Minimum Opening Deposit $2,500
Interest Rate Contact Bank for current rates.
Limitations You may make six (6) transfers from your account by preauthorized or automatic transfer or telephone, check, draft, debit card or similar order, made by the depositor and payable to third parties each statement period.
ATM and in-person transfers and withdrawals are unlimited.
Internet Banking Unlimited access to Internet Banking.
Phone Banking Unlimited access to TeleBANK; 254.867.7666
Fees Contact Bank for schedule of fees.

 

Business Certificates of Deposit (CD)

A CD is 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. Depositors face a penalty if money is withdrawn before the CD matures. Please call or come by for rates and to apply.

Business Certificate of Deposit
Minimum Opening Deposit $1,000
Maturity Terms 32 days to 5 years
Interest Rates Contact Bank for current rates.
Limitations

Penalty assessed if Certificate is withdrawn before maturity:
30 days interest for Certificates with maturities of 1 year or less
90 days interest for Certificates with maturities greater than 1 year
6 months interest for Certificates with maturities over 3 years