Savings Rates

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Savings Rates

Savings Accounts
Effective Date: Monday, November 30th, 2020
NameDividend RateAPY*Min. Opening DepositMinimum Balance
Primary Share Savings Account 0.10% 0.10% $5 $5
True Savings Account 0.10% 0.10% $0 $0
Members Choice Account 0.10% 0.10% $0 $0
Eagle Earners Account 0.25% 0.25% $0 $0
Vacation Club 0.10% 0.10% $0 $0
Christmas Club 0.10% 0.10% $0 $0
Premier Checking Account 0.10% 0.10% $2,000 $2,000
Money Market Account 0.25% 0.25% $5,000 $5,000

*APY = Annual percentage yield. Annual Percentage Yield is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends may be paid quarterly, semi-annually, and annually. Ask for details. Fees may reduce earnings on the account.

Share Certificates (CDs)
Effective Date: Monday, November 30th, 2020
TermDividend RateAPY*Min. Dep.**
180 day 0.10% 0.10% $500.00
1 Year 0.15% 0.15% $500.00
2 Year 0.25% 0.25% $500.00
3 Year 0.35% 0.35% $500.00
4 Year 0.50% 0.50% $500.00
5 Year 0.75% 0.75% $500.00

*APY = Annual percentage yield. Annual Percentage Yield is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends may be paid quarterly, semi-annually, and annually.  Ask for details. Fees may reduce earnings on the account.
**Requires a minimum deposit of $500. A penalty for early withdrawal may apply. American 1 reserves the right to discontinue this promotion without notice. 

IRAs/ Roth IRAs/ Coverdell ESAs
Effective Date: Monday, November 30th, 2020
TermDividend RateAPY*Min. Dep.**
180 day 0.10% 0.10% $50.00
1 Year 0.15% 0.15% $50.00
2 Year 0.25% 0.25% $50.00
3 Year 0.40% 0.40% $50.00
4 Year 0.60% 0.60% $50.00
5 Year 0.85% 0.85% $50.00

*APY = Annual percentage yield. Annual Percentage Yield is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends may be paid quarterly, semi-annually, and annually.  Ask for details. Fees may reduce earnings on the account.
**Requires a minimum deposit of $50. A penalty for early withdrawal may apply. American 1 reserves the right to discontinue this promotion without notice.