American State Bank

Personal Savings

REGULAR SAVINGS

A great way to save for any occasion.
Balance Information:  We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Limitations:  You must deposit $100.00 to open this account. You may make six (6) withdrawals from your account each quarter. An assessment fee of $3.00 will be imposed for any subsequent withdrawal, to be collected quarterly.
Account Fees:  Minimum daily balance of $300.00 is required to avoid a $12.00 service charge per statement cycle.

MINOR SAVINGS

A great way for children under the age of 18 to save for their future.
Balance Information: 
Limitations:  You must deposit $100.00 to open this account. You may make six (6) withdrawals from your account each quarter. An assessment fee of $3.00 will be imposed for any subsequent withdrawal, to be collected quarterly.
Account Fees:  Minimum daily balance of $300.00 is required to avoid a $12.00 service charge per statement cycle.

MONEY MARKET SAVINGS

Enjoy savings with a more competitive interest rate.
Balance Information:  We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:  You must deposit $500.00 to open this account. You may make six (6) withdrawals per quarter by the following methods: automatic transfers, preauthorized payments, telephone banking and wire transfers. No more than three (3) of the six (6) limited withdrawals may be by drafts. A $10.00 fee will be assessed for each transaction exceeding these limits.
Account Fees:  Minimum daily balance of $2,500.00 is required to avoid a $10.00 service charge per statement cycle.

   
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