American Bank will be closed on Thursday, November 28th for Thanksgiving Day. Drive-up lanes at the south Louisiana branches will be open from 9am-12pm on Friday, November 29th. The Coushatta location will be closed Friday, November 29th.
Please use our Night Depositories or ATMs in Mandeville, Covington, Terrytown, and Coushatta for deposits. All ATMs are available for withdrawals. ACH and Mobile Deposits will not be processed until Friday, the 29th.
PERSONAL SAVINGS
Your future's looking bright
Regular Savings
| Minimum Opening Deposit | $100.00 |
| Min. balance required to avoid service charge/Basic fee | $100.00 |
| Service charge/Basic fee | $2.00 |
| Current Interest Rate | Inquire at local branch |
| Annual Percentage Yield (APY) | Inquire at local branch |
| Interest Computation Method | Daily Balance* |
| Interest will be compounded | Quarterly |
| Interest will be credited | Quarterly |
| Interest will not be paid if balance falls below | $1.01 |
On non-cash items, interest will begin to accrue on business day of the deposit. If you close your account before interest is credited, you will not receive the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
Statement Period: Quarterly
No more than six transfers and withdrawals or combination thereof per calendar month or statement cycle of at least four weeks may be made by P.O.S (Point-of-sale), check, debit card, preauthorized or automatic transfer or similar order by the depositor payable to third parties.
Three free withdrawals per quarter. $1.00 charge per withdrawals over three.
A fee schedule containing additional charges that may apply to this account can be obtained from your local branch.
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
American Eagle Savings
| Minimum Opening Deposit | $5,000.00 |
| Minimum balance required to avoid $15.00 service charge/basic fee | $5,000.00 |
| Current Interest Rate | Inquire at local branch |
| Annual Percentage Yield (APY) | Inquire at local branch |
| Interest Computation Method | Daily Balance* |
| Interest will be compounded | Monthly |
| Interest will be credited | Monthly |
| Interest will not be paid if balance falls below | $5,000.00 |
On non-cash items, interest will begin to accrue on business day of the deposit. If you close your account before interest is credited, you will not receive the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
Statement Period: Monthly
No more than six transfers and withdrawals or combination thereof per calendar month or statement cycle of at least four weeks may be made by P.O.S (Point-of-sale), check, debit card, preauthorized or automatic transfer or similar order by the depositor payable to third parties.
A fee schedule containing additional charges that may apply to this account can be obtained from your local branch.
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
Christmas Club Savings
| Minimum Opening Deposit | $2.00 |
| Interest Computation Method | Daily Balance* |
| Interest will be compounded | At Maturity |
| Interest credited will not be paid if balance falls below | $2.00 |
On non-cash items, interest will begin to accrue on the Business day of deposit. If you close your account before interest is credited, you will not receive the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. Club Savings close last Friday in October. Christmas Club Checks are mailed annually.
A fee schedule containing additional charges that may apply to this account can be obtained from your local branch.
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
