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CD Rate Comparison
|Financial Institution||6 Month CD APY*||1 Year CD APY*||3 Year CD APY*||5 Year CD APY*|
|Bank of America2||0.03%||0.03%||0.03%||0.03%|
|Truist (formerly BB&T)2||0.01%||0.01%||0.01%||0.01%|
The above table represents the CD rates offered by the top 10 banks based upon deposit size as of June 30, 2020 in the Allentown-Bethlehem-Easton Metropolitan Statistical Area (MSA) utilizing data obtained from the FDIC.
*Annual Percentage Yields (APYs) are accurate as of August 9, 2022. 1APYs are available for American Bank personal and business accounts. $500 minimum deposit to open a CD account; $250 minimum deposit to open an IRA CD account. CD interest is compounded daily and earned on the daily balance. 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. 2Annual Percentage Yields (APYs) were obtained from S&P Global Market Intelligence for other financial institutions with branch markets located within the Allentown-Bethlehem-Easton MSA as of August 9, 2022. 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.