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Revised January 2012
American State Bank Savings Products
Valid driver’s license or current identification required
ATM card available
Mailed statements available at $5 per account
This account was set up for people and businesses that have large balances but cannot tie up the funds for long periods of time because of liquidity needs. Rather than let those funds sit in a checking account and not earn interest we suggest this account.
$10,000 deposit required to open
Interest paid monthly
Interest rate is tiered – the higher the balance the higher the interest rate. Up to $9,999,
$10,000 - $24,999, $25,000 - $49,999, $50,000 - $99,999, $100,000 -
$249,000,
$250,000 & Over
$5 per transaction in excess of six withdrawals
$10 service charge per month if balance falls below $2,500