The Best Bank for Your Buck
|Financial Institution||6 Month CD APY*||1 Year CD APY*||3 Year CD APY*||5 Year CD APY*|
|Bank of America2||0.03%||0.07%||0.55%||1.00%|
The table above represents the CD rates offered by the top 10 banks in the Lehigh Valley based upon deposit size as of June 30, 2017 as reported in The Morning Call on October 10, 2017.
*Annual Percentage Yields (APYs) are accurate as of October 29, 2018. 1APYs are available for American Bank personal and business accounts. $500 minimum deposit to open. $250 minimum deposit to open for IRAs. CD interest is compounded daily and earned on the daily balance; interest is credited monthly. APYs assume principal and interest remain on deposit for the term of the CD. Rates are subject to change at any time without notice. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account. Other rates and terms available upon request. Personal CDs may be opened in-person or online at AMBK.com. To open a business CD or IRA CD, please visit our branch office at 4029 West Tilghman Street, Allentown, PA or call us at 610.366.1800.
2 Annual Percentage Yields (APYs) were obtained from S&P Global Market Intelligence for other financial institutions with branch markets located within Lehigh and Northampton County as of October 29, 2018. All APYs assume a balance of $10,000 and may not include relationship incentive pricing or other promotional offers for the disclosed terms. CD terms and conditions at non-American Bank financial institutions may vary and are subject to change at any time without notice.
For additional product and fee information which may apply to your account, please review our Account Agreements, Rates Sheets, and Other Fees & Charges Disclosure by visiting AMBK.com, calling us at 888.366.6622 or visiting us in person.