Personal Savings

A personal savings account is the first step to financial stability. It’s the emergency fund that we all need, the safety net, and the beginning stage of building wealth. American Bank of Commerce knows you need a savings account that supports your savings goals. We offer a variety of savings account options – each one customized for your benefit.

Account Description

Savings accounts are an easy and safe way to save for the future and may be tied to your checking account to protect you from accidental NSF charges.

This account is set up for individuals age 0 to 18. Teach your child money management.

While your High Deductible Health Plan (HDHP) pays for serious injury or illness an HSA can help with the smaller medical expenses.

An individual retirement arrangement, or IRA, is a personal savings plan which allows you to set aside money for retirement, while offering you tax advantages. You may be able to deduct some or all of your contributions to your IRA. Amounts in your IRA, including earnings, generally are not taxed until distributed to you. IRA’s cannot be owned jointly. However, any amounts remaining in your IRA upon your death can be paid to your beneficiary or beneficiaries.

A Certificate of Deposit from American Bank of Commerce allows you to maximize your savings with added benefits of liquidity and safety. Depending on your needs, you can choose a term from one month to five years. And it doesn’t take a lot of money to invest in a CD either.

Account Benefits

Easy access to money
Can be tied to your checking for overdraft protection
Can set up monthly transfers to savings for worry free saving

Save for college
Save for a new car
Teach children money saving basics

Distributions may be TAX FREE if used for qualified medical expenses
Not a “use it or lose it plan” – Contributions remain in account and rolls over each year if not used, making this a tax free savings account
Easy access to funds by utilizing an HSA designated debit card

Individual Retirement Accounts
ROTH Accounts
CESA (Coverdell Education Savings Account)
SEP (Simplified Employer Plan)

Partial withdrawals of Interest only are allowed
Automatic Renewals
10 Day grace period





Yes – Please contact banking center location for current IRA Rates

Yes – Please contact banking center location for current CD Rates

Statement Service Fee

$3.00 if balance drops below $100 during the statement cycle


$2.00 per month


Statements not provided

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