American Select Savings - High Yield Savings Account
The American Select Savings Account offers a compelling blend of competitive interest rates and flexible access. Whether you're saving for a specific goal or simply looking to build a stronger financial foundation, the American Select High Yield Savings Account combines convenience, security, and impressive yields to empower your journey toward financial success.
- Minimum Opening Balance: $100.00
- Minimum Balance: $100.00
- Interest Rate: 2.48%
- *APY: 2.50%
- Quarterly Service Charge: $5.00 if daily balance falls below the minimum balance any day of the statement cycle
- Interest: Interest is earned on daily balance. Each day your account maintains a minimum balance, you will earn interest as provided in your account disclosure for each statement cycle
- Withdrawals: An excess debit fee of $1.50 will be charged for each posted withdrawal or transfer, in excess of six (6) per statement cycle.
- Quarterly Statements: eStatements are required. There will be a $5.00 service charge applied to the quarterly statement if you elect to receive a paper statement.
Account Benefits:
- Digital Banking
- Remote Deposit Anywhere available
- Telephone Banking
- We may require not less than 7 days’ notice before each withdrawal from an interest-bearing account other than a time deposit or from any other savings account as described by Regulation D
- Terms & Fees may change without prior notice
- Minimum balance required to avoid service charge and qualifications may apply. Account disclosures obtained when opening account contain complete account details
- See Schedule of Fees for other applicable charges
- Fees and other conditions may reduce the earnings on your account
- American State Bank limits the number of covered withdrawals and transfers to six (6) per calendar month or statement cycle. A covered withdrawal or transfer is one made with our bank or to a third party including preauthorized transfers, automatic transfers by phone, including fax or internet banking service (transfer or bill payment); or if made by check, ACH, debit card (point of sale) or similar order payable to third parties.
- Rates are variable and may change without prior notice after account is opened. APYs are effective as of 1/15/2024. For current interest rates call 1-866-579-7959.
- *APY = Annual Percentage Yield