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.
|ABC SAVINGS||ABC YOUTH SAVINGS||HEALTH SAVINGS ACCOUNT (HSA)||INDIVIDUAL RETIREMENT ACCOUNT (IRA)||CERTIFICATE OF DEPOSIT|
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.
Easy access to money
Save for college
Distributions may be TAX FREE if used for qualified medical expenses
Individual Retirement Accounts
Partial withdrawals of Interest only are allowed
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