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Saving at American Bank & Trust

When it comes to saving, American Bank & Trust is full of bright ideas

You've got a plan for the future, and we've got a plan for you. No matter what you're
saving for, we have the perfect savings plan to match your needs.

Savings

 

Regular Savings

  • Low Minimum Balance Savings Account.
  • Just $100.00 to open and $500.00 Average Daily Ledger Balance required to Avoid Maintenance Fees.
  • No Maintenance Fee is imposed if your average daily ledger balance for the monthly statement cycle period is $500.00 or more.  A Maintenance Fee of $2.00 will be imposed every monthly statement cycle if the average daily ledger balance for the statement cycle period is $100.00 or more but less than $500.00.  A Maintenance Fee of $3.50 will be imposed every monthly statement cycle if the average daily ledger balance for the quarterly statement cycle period is less than $100.00.
  • Certain account titles for a named minor under the age of 18 can qualify for a Maintenance Fee exemption until the minor attains the age of 18.
  • Interest is compounded and paid monthly.
  • Six (6) monthly transfers or 3rd party withdrawals allowed without penalty; $10.00 Fee per transaction exceeding withdrawal limits per statement cycle.
  • ATM Card is available subject to withdrawal limitations.  Account can also be added to Visa Check Card for ATM services excluding merchant point of sale if the Visa Check Card is already linked to a checking account.  $15.00 Annual Fee is assessed if the card is not used at least once per calendar year.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statement.
  • Free Automatic Bill Payment Service available with limits (Direct Deposit required).
  • ACH/Auto Payments available with limits.
  • Complimentary Mortgage or Investment Review Available.

 

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American Dream Savings

  • Ideal for your Christmas Club, Vacation Account or Emergency Fund needs.
  • Just $10.00 to open and $500.00 Average Daily Ledger Balance required to Avoid Maintenance Fees.
  • No Maintenance Fee is imposed if your average daily ledger balance for the monthly statement cycle period is $500.00 or more.  A Maintenance Fee of $1.00 will be imposed every monthly statement cycle if the average daily ledger balance for the statement cycle period is $100.00 or more but less than $500.00.  A Maintenance Fee of $3.50 will be imposed every monthly statement cycle if the average daily ledger balance for the quarterly statement cycle period is less than $100.00.
  • Certain account titles for a named minor under the age of 18 can qualify for a Maintenance Fee exemption until the minor attains the age of 18.
  • Interest is compounded and paid monthly.
  • One (1) Transfer or Withdrawal allowed per month without penalty; $35.00 each withdrawal thereafter.
  • ATM Card is available subject to withdrawal limitations.  Account can also be added to Visa Check Card for ATM services excluding merchant point of sale if the Visa Check Card is already linked to a checking account.  $15.00 Annual Fee is assessed if the card is not used at least once per calendar year.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statement.
  • Free Automatic Bill Payment Service available with limits (Direct Deposit required). 
  • ACH/Auto Payments available with limits.
  • Complimentary Mortgage or Investment Review Available.

 

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Ultimate Savings

  • Just $5,000.00 to open and $1,000.00 Average Daily Ledger Balance required to Avoid Maintenance Fees.
  • No Maintenance Fee is imposed if your average daily ledger balance for the monthly statement cycle period is $1,000.00 or more.  A Maintenance Fee of $3.50 will be imposed every monthly statement cycle if the average daily ledger balance for the statement cycle period is less than $1,000.00.
  • Interest is compounded and paid monthly.
  • Six (6) monthly transfers or 3rd party withdrawals allowed without penalty; $10.00 Fee per transaction exceeding withdrawal limits per statement cycle.
  • ATM Card is available subject to withdrawal limitations.  Account can also be added to Visa Check Card for ATM services excluding merchant point of sale if the Visa Check Card is already linked to a checking account.  $15.00 Annual Fee is assessed if the card is not used at least once per calendar year.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statement.
  • Free Automatic Bill Payment Service available with limits (Direct Deposit required).
  • ACH/Auto Payments available with limits.
  • Complimentary Mortgage or Investment Review Available.

 

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Health Savings Account - HSA

  • No Minimum Balance Required to open and No Average Monthly Balance required to Avoid Maintenance Fees.
  • There is a $25.00 Fee assessed if the account is closed within six (6) months of the opening date.  An Annual Maintenance Fee of $12.00 will be charged in January if during the preceding calendar year the account had no deposit or withdrawal activity and the account's average daily ledger balance for the preceding calendar year was less than $500.00.
  • Unlimited Qualifying Withdrawals and Point-of-Sale Transactions as allowed by law are permitted without penalty.
  • First order of Checks is Free.
  • Check Images are not returned with Monthly Statement.
  • Interest is compounded and paid monthly on Account Balance.
  • ATM or custom Visa HSA Check Card is available. Unlimited withdrawals and Point-of-Sale transactions are allowed without penalty.  $15.00 Annual Fee is assessed if the card is not used at least once per calendar year.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • ACH/Auto Payments/Bill Pay available with limits.
  • Complimentary Mortgage or Investment Review Available.

 

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Money Market Account

  • $2,500.00 to open and $2,500.00 Average Daily Ledger Balance required to Avoid Monthly Maintenance Fees.
  • No Maintenance Fee is imposed if your average daily ledger balance for the statement cycle period is $2,500.00 or more.  A Maintenance Fee of $10.00 will be imposed every monthly statement cycle if the average daily ledger balance for the statement cycle period is less than $2,500.00.
  • Six (6) transfers or 3rd party withdrawals allowed per statement cycle without penalty.  $15.00 Fee per transaction exceeding withdrawal limits.
  • Check Images are not returned with Monthly Statement.
  • Interest is compounded and paid monthly on Account Balance.
  • Premium interest rates (tiered rate structure…the more you deposit, the greater your earnings potential).
  • Variable rate Account.
  • ATM Card is available subject to withdrawal limitations.  Account can also be added to Visa Check Card for ATM services excluding merchant point of sale if the Visa Check Card is already linked to a checking account.  $15.00 Annual Fee is assessed if the card is not used at least once per calendar year.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • Free Automatic Bill Payment Service available with limits (Direct Deposit required).
  • ACH/Auto Payments available with limits. 
  • Easy Access Account (Overdraft Protection) Available.
  • Complimentary Mortgage or Investment Review Available.

 

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Ultimate Money Market Account

  • $100,000.00 to open and $50,000.00 Average Daily Ledger Balance required to Avoid Monthly Maintenance Fees.
  • No Maintenance Fee is imposed if your average daily ledger balance for the statement cycle period is $50,000.00 or more.  A Maintenance Fee of $10.00 will be imposed every statement cycle if the average daily ledger balance for the statement cycle period is less than $50,000.00.
  • Six (6) transfers or 3rd party withdrawals allowed per statement cycle without penalty.  $15.00 Fee per transaction exceeding withdrawal limits.
  • Check Images are not returned with Monthly Statement.
  • Interest is compounded and paid monthly on Account Balance.
  • Premium interest rates (tiered rate structure…the more you deposit, the greater your earnings potential).
  • Variable rate Account.
  • ATM Card is available subject to withdrawal limitations.  Account can also be added to Visa Check Card for ATM services excluding merchant point of sale if the Visa Check Card is already linked to a checking account.  $15.00 Annual Fee is assessed if the card is not used at least once per calendar year.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • Free Automatic Bill Payment Service available with limits (Direct Deposit required).
  • ACH/Auto Payments available with limits.
  • Easy Access Account (Overdraft Protection) Available.
  • Complimentary Mortgage or Investment Review Available.

 

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Certificate of Deposit (CD) or Individual Retirement Account (IRA)

CDs and IRAs are safe investments insured against loss, with competitive rates and low maintenance. Interest earned accrues daily and is compounded and paid semiannually for terms longer than six months. You may reinvest interest, transfer the amount to our savings or checking account or choose to receive a check.

Interest rates are competitive and fixed for the term of the CD

You will receive a notice prior to maturity. Certificates automatically renew for the same term at current market rates, unless you choose a new one. You may withdraw funds without penalty up to 10 days after your certificate has been renewed.

 

We offer a variety of IRA products with tax-deferred interest accumulation, including: Traditional, Coverdell ESA (Education), Rollover and Roth IRAs. Consult your tax advisor concerning the tax advantages of having an IRA account.


 

  • $500.00 to open a CD and $250.00 to open an IRA.
  • Choose from a variety of deposit terms ranging from 3 months to 60 months.
  • Earn a competitive Annual Percentage Yield (APY). CORE Relationships earn a bonus APY.
  • Substantial Penalty and Administrative Fee assessed for early withdrawal.
  • Withdrawals during the term of the Certificate may be subject to an Interest Penalty and Administrative Fee.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements (Limited to Inquiries).
  • Complimentary Mortgage or Investment Review Available.

 

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18-Month or 36-Month Ultimate Certificate of Deposit (CD) or Individual Retirement Account (IRA)

  • $500.00 to open a CD and $250.00 to open an IRA.
  • Enjoy the option to exchange your interest rate one (1) time without penalty during the term of the originally scheduled maturity. At the time of the rate exchange, the new rate will be the current interest rate for our 18-Month CD at the time of the exchange. This exchange will be at no cost to you. If you make an exchange, the maturity date of this account will remain the same as originally scheduled. We will allow the exchange at any time during the term of the originally scheduled maturity.
  • Earn a competitive Annual Percentage Yield (APY). CORE Relationships earn a bonus APY.
  • Substantial Penalty and Administrative Fee assessed for early withdrawal.
  • Withdrawals during the term of the Certificate may be subject to an Interest Penalty and Administrative Fee.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements (Limited to Inquiries). 
  • Complimentary Mortgage or Investment Review Available.

 

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CDARS® – Certificate of Deposit Account Registry Service

Full FDIC Insurance Coverage on CD Investments up to $50 Million per depositor is now available through the CDARS® Program offered by American Bank and Trust Company. One Bank…One Competitive Interest Rate for your deposit… One Monthly Statement. Click here for more information on the CDARS® Program.

 

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FDIC Insured

 

American Bank and Trust Company, N.A., is a member of the FDIC. Effective, July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Reform Act") signed by President Barack Obama made permanent the current standard maximum deposit insurance amount of $250,000.  The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category:

 

 

  • Single Accounts (owned by one person) $250,000 per owner

  • Joint Accounts (two or more persons) $250,000 per co-owner

  • IRAs and certain other retirement accounts $250,000 per owner

  • Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements

  • Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant

  • Government Accounts $250,000 per official custodian

  • Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association

 

  • Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant

 

 

We are also a participant in the FDIC’s Transaction Account Guarantee Program. Our participation in the FDIC’s Temporary Account Guarantee Program means that unlimited deposit insurance coverage is available through December 31, 2010 for any non-interest bearing transaction account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. On January 1, 2011, the standard FDIC insurance coverage limit will return to $250,000 for all deposit categories.  Additional information about FDIC insurance coverage for customers is available by visiting the FDIC official web site http://www.fdic.gov or by contacting a Branch Manager or Relationship Specialist at our nearest office serving you.

 

 

We also offer the CDARS® (Certificate of Deposit Account Registry Service) program which provides FDIC insurance coverage of up to $50 million per depositor. Please contact a Relationship Specialist at our branch office nearest you for complete details.

 

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Related Services

 

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