Saving is essential to everyone at all life stages, and American State Bank wants to help you achieve your goals.
Having something in store for retirement, growing a family, travel, college, getting a new car or doing home repairs are just a few of the things for which we save. Listed below are the types of savings and money market accounts that we offer. We encourage you to call us or come into a branch to learn more about which account is best for you and your goals.
Savings Account
- Minimum Opening Balance: $100.00
- Minimum Balance: $100.00
- Young Savers Minimum Opening and Minimum Balance: $25.00 (19 years or younger)
- 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: Image eStatements or mailed image statements
Digital Banking available
Money Market
- Minimum Opening Balance: $1,000.00
- Minimum Balance & Monthly Service Charge:
- $1,000.00 and above: No Service Charge
- $0.00-$999.99: $10.00
- Above charges applicable 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 $10.00 will be charged for each posted, covered withdrawal or transfer in excess of six (6) per statement cycle
- Monthly Statements: Check Image eStatements or mailed check image statements
- Digital Banking available
American Advantage - Money Market
- Minimum Opening Balance: $10,000.00
- Minimum Balance & Monthly Service Charge:
- $10,000.00 and above: No Service Charge
- $0.00-$9,999.99: $10.00
- Above charges applicable 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 $10.00 will be charged for each posted, covered withdrawal or transfer in excess of six (6) per statement cycle
- Monthly Statements: Check Image eStatements or mailed check image statements
- Digital Banking 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.
- *Interest Rates are subject to change without prior notice. For current interest rates call 1-866-579-7959.
- **APY = Annual Percentage Yield
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