Savings Accounts to Fit Your Needs
American Bank offers a variety of savings accounts to help you reach your goals. Stop by a local branch to apply.
regular savings
package savings
student savings
senior savings
individual
money market
american way plus money market
Regular Savings
A convenient savings tool that helps you reach short or long term goals- No opening deposit required
- Interest compounded daily
- Variable interest rate
- Can function as overdraft protection for checking accounts
- ATM Access
- Bank to-bank transfers
- Free monthly electronic statements
- $300 minimum daily balance required to earn interest
- $4 minimum balance service charge fee, per statement cycle, waived with a minimum daily balance of $300
- Electronic statements required; $3 paper statement fee, per statement cycle, if not enrolled with electronic statements
Package Savings
A bundled checking and savings account- No opening deposit required
- Interest compounded daily
- Variable interest rate
- Can function as overdraft protection for checking accounts
- Bank to-bank transfers
- Free monthly electronic statements
- $300 minimum daily balance required to earn interest
- $4 minimum balance service charge fee, per statement cycle, waived with a minimum daily balance of $300
- Electronic statements required; $3 paper statement fee, per statement cycle, if not enrolled with electronic statements
Student Savings
A simple way to save, designed for students 24 and under- No opening deposit required
- No minimum balance service charge fee
- Interest compounded daily
- Variable interest rate
- All balances earn interest
- Free monthly electronic statements
- Bank-to-bank transfers
- ATM access
- Can function as overdraft protection for checking accounts
- Electronic statements required; $3 paper statement fee, per statement cycle, if not enrolled with electronic statements
Senior Savings
A simple way to save, designed for individuals 49 and over- No opening deposit required
- No minimum balance service charge fee
- Interest compounded daily
- Variable interest rate
- All balances earn interest
- Bank-to-bank transfers
- ATM access
- Can function as overdraft protection for checking accounts
- Free statements (paper and electronic), per statement cycle
Individual Money Market
An account offering interest, check writing, and easy access to savings- ATM access
- Check writing
- All balances earn interest
- Interest compounded monthly
- Can function as overdraft protection for checking accounts
- Bank-to-bank transfers
- Tiered, variable interest rate
- $10 minimum balance service charge fee, per statement cycle, waived with minimum daily balance of $1,000
- Free statements (paper and electronic), per statement cycle
American way Plus Money Market
A premier tiered money market account offering higher interest, check writing, and easy access to savings- No minimum balance service charge fee
- Interest compounded monthly
- Can function as overdraft protection for checking account
- Bank-to-bank transfers
- Tiered, variable interest rate
- $25,000 minimum daily balance required to earn interest
- Free statements (paper and electronic), per statement cycle
Please see Fee Schedule, Rate Sheet, and Deposit Account Agreement for detailed information
All account fees and interest rates are subject to change. The interest rate and annual percentage yield may change at our discretion
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