SavingsPersonal Savings, Certificate of Deposit (CD)&
Money Market 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. Apply now. 

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Personal Savings Account

A basic interest bearing savings account.

Regular Savings
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.

 

Personal Money Market Account

This account is an interest bearing account with certain limitations on withdrawals imposed by Federal Banking Regulations. The interest rate varies according to the balance.  

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 transfer, 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 $10.00 for each check/debit cleared in excess of 3 during a statement cycle.  $10.00 if the balance falls below $2500.00. $4.00 for returned deposited items.

 

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.

Certificate of Deposit
Minimum Opening Deposit  $1,000
Maturity Terms 32 days to 5 years
Interest Rate Contact the bank for our 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Penalty assessed if Certificate is withdrawn before maturity: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 greater than 3 years