CDs are a great way to watch your money grow
You can choose to invest funds for specific periods – from as short as 90 days to five years – at a fixed interest rate and have a sense of security in knowing exactly what you’ll be receiving in interest. American Bank CDs earn a guaranteed competitive fixed rate of interest, compounded daily, from the day of deposit to the day of withdrawal. Plus, you can open your CD with as little as $500.
- FREE access to Online Banking1
- A guaranteed, competitive fixed rate of interest and earnings
- A choice of term lengths – from 90 days to 5 years
- A low minimum deposit requirement
- Flexible interest payment method
1 Internet service provider charges apply
- Minimum Deposit - $500
- Minimum Deposit for IRAs - $250
- Interest is compounded daily & earned on the daily balance
- Penalties may apply for early withdrawal
- Instant Access CDs are not available for IRAs
- Fees may reduce earnings on the account
- Rates are subject to change at any time without notice
How to Apply
You can apply online for a deposit account quickly and easily. Our online application takes just a few minutes and is completely secure.
To keep the application process quick and efficient, be sure to have the following information available when you begin your online application:
- Your Social Security Number (SSN)
- Valid Driver’s License
All applicants must be a U.S. resident, at least 18 years of age and have a valid U.S. social security number.