Our most flexible savings account...get a passbook for easy record keeping and verification, or with monthly statements that also allow you to access your funds at thousands of ATMs. Interest is credited and compounded monthly and paid from date of deposit to date of withdrawal! Have some of your pay directly deposited regularly to help you save, or we can transfer funds from your checking account at American Bank weekly, bi-weekly, or monthly at no charge, to earn interest and increase your savings
A statement account that pays premium interest as your balance increases. Access your account from your free ATM or Visa Check Card.
Put the power of PLUS to work on your savings account. All the benefits of a Power Savings Account, PLUS higher rates on higher balances. Whether you're saving for the short term or over a lifetime, our competitive interest rates can boost your savings potential.
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.
An IRA (Individual Retirement Account) is a great way to save for your retirement. IRAs offer tax savings and the ability to compound your money through contributions and interest earnings.
Most IRAs fall into one of two categories - the ROTH IRA or the Traditional IRA. Within these main categories, there are many types of IRA investment options and American Bank can offer you a wide variety of options within each category. Another type of IRA that is growing in popularity is the Coverdell Education Savings Account or "CESA". We offer all three and will be happy to help you find the best IRA for you.
You may invest in any Savings or Certificate of Deposit account, with your IRA, you choose what investment works best for you. Two special IRA accounts are also available, an 18 month Fixed Rate CD and an 18 month Variable Rate CD, in addition to our other Certificates of Deposit offering.
Click here for more info on IRAs
*Additions are permitted at any time.
