American State Bank

Business Savings

Balance Information:  We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:  You must deposit $1,500.00 to open this account. You may make six (6) withdrawals from your account each quarter. An assessment fee of $2.00 will be imposed for any subsequent withdrawal, to be collected quarterly.
Account Fees:  Minimum daily balance of $100.00 is required to avoid a $4.00 service charge per statement cycle.


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