hands holding a piggy bank

American Select Savings Account

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.
  • Easy access through digital and mobile banking
  • Remote Deposit Anywhere available

  • 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
  • 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
  • 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 September 1, 2023. For current interest rates call 1-866-579-7959.
  • *APY = Annual Percentage Yield