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Savings Account

Savings Account and Young Savers 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
Account Benefits:
  • Digital Banking
  • Remote Deposit
  • 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 5/21/2024. For current interest rates call 1-866-579-7959.
  • *APY = Annual Percentage Yield