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Depository Accounts
Business Checking
If you’re a large corporation, a sole proprietor, or an LLC,
we have business checking to meet your needs. Fees are based on monthly activity and balances maintained
offset these fees. If you’re unsure of the balance you might need to
offset your applicable fees, just contact us and we can help you calculate your balance required. Ask us about
Commercial Online Banking and what it can do for you.
Interest Checking
Sole proprietors and nonprofit businesses qualify for interest
checking. This allows you to earn interest on collected balances maintained in your
account. The interest rate paid on your Business Interest Checking Account is tiered, so
the higher the balance, the more money your account earns. Please contact any of our offices for current terms and
fees.
Business Interest Checking
| Amount |
APY |
Interest Rate |
0-9,999 |
0.25% |
0.25% |
10-24,999 |
0.25% |
0.25% |
25-49,999 |
0.25% |
0.25% |
50,000+ |
0.25% |
0.25% |
Last Updated Thu Jul 03 2008
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APY = Annual Percentage Yield
Rates are subject to Change
Fees could reduce earnings
Nonprofit business checking
If you are a nonprofit organization, you are eligible for service charge free
checking. The only cost to a nonprofit organization is the printing of your checks!
For more information regarding accounts available for businesses, please call or stop in at any of our locations.
INSURED MONEY MARKET ACCOUNTS
Only $1,000 is needed to open an Insured Money Market Account. This type of account
allows you to earn money market interest rates while keeping your money liquid. You may make six transfers per
month from your account, but only three may be payments (checks) to third parties. You may visit any of
our offices to withdraw as often as you’d like. Rates vary, depending on your balance. Please call
any of our offices for current information.
Certificates of Deposit
American Bank offers certificates of deposit with various terms and interest rates to meet your
needs. The minimum balance required to open a certificate of deposit is $1,000.00 and special rates may be available
for jumbo CD's (with balances of $100,000.00 or more). Please contact any of our offices for details.
SAVINGS ACCOUNTS
Statement savings accounts are available. A minimum balance of $100 or $200 average
should be maintained to avoid the $1.00 per month service charge.
| Amount |
APY |
Interest Rate |
0-9,999 |
0.25% |
0.25% |
10-24,999 |
0.25% |
0.25% |
25-49,999 |
0.25% |
0.25% |
50,000+ |
0.25% |
0.25% |
Last Updated Thu Jul 03 2008
APY = Annual Percentage Yield
Rates are subject to change
Fees could reduce earnings
Fees may apply to other banking transactions
Contact any of our offices for additional information.
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