Open a traditional Savings Account, with no minimum balance, competitive interest rates and receive a monthly statement of all account activity. Interest is earned from day of deposit and paid monthly.
Our Business Power Plus Savings Account is a tiered Statement Savings Account that pays you higher interest rate on higher balances. It offers a variable interest rate. Interest is earned from day of deposit and paid monthly.
Earn higher rates on your money by investing for a variety of fixed terms. We offer terms to satisfy everyone. If you need a specific maturity date, tell us and we'll custom-make a Certificate of Deposit for you.
For terms up to one year, minimum deposits of only $1,000; for terms of one year or longer, minimum deposits of only $500.
Call 973-748-3600 for additional rates and terms.
These accounts are ideal for managing the security deposits of multiple tenants. Set up a "master" account for the landlord with sub-accounts for each tenant; this account simplifies record keeping for the landlord.
Monthly statements, dividend checks and 1099's are all prepared and mailed by American Bank.
A SEP is an IRA (Individual Retirement Account) which is established by a business owner (a sole proprietor, partner ship, LLC, a corporation, a state or local government or a non-profit, tax-exempt organization) for their employees.
If you are interested in establishing a SEP please consult with our IRA specialists. Employees in a SEP enjoy all the same benefits as in a traditional IRA and are governed by the same regulations.
