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. With online account opening now available, we make it even easier for you to open an account.

Click Here To Open An Account Online

* Online account opening is only available to consumers residing in Texas and Colorado at this time. Not all Checking and Savings products are eligible to be opened online.

• ABC SAVINGS

  Account Description & Benefits: 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 overdraft charges. Let us help you set up an Automated Funds Transfer to make saving easy.
  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield	Yes
  Service Charges	Daily balance during statement cycle determines service charge: $0 – $49.99 = $3.00 $50.00 + = $0 A withdrawal fee of $2 will be charged for each withdrawal in excess of thirty (30) during each quarterly monitoring period.
  Eligibility	Individual
  Minimum Opening Deposit	$50
  Debit Card - additional fees may apply, a full fee schedule is available at any branch	No

   

• ABC YOUTH SAVINGS

  Account Description & Benefits: This account is set up for individuals age 0 to 18. Whether saving for college, a new car or the future, teach your child money savings basics.
  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield	Yes
  Service Charges	- No statement cycle service charge  - A withdrawal fee of $2 will be charged for each withdrawal in excess of thirty (30) during each quarterly monitoring period.
  Eligibility	Individuals 0 – 18 years old
  Minimum Opening Deposit	$25
  Debit Card - additional fees may apply, a full fee schedule is available at any branch	No

   

• HEALTH SAVINGS (HSA)

  Account Description & Benefits: Your High Deductible Health Plan (HDHP) is combined with an HSA account for the purpose of paying or reimbursing qualified medical expenses. Contributions to an HSA are tax deductible, the earnings grow tax deferred and distributions to pay for reimbursed qualified medical expenses are tax free.
  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield	Yes
  Service Charges	Daily balance during statement cycle determines service charge: $0 – $999.99 = $2.00 $1,000 + = $0
  Eligibility	Individuals covered by a high-deductible health plan that meets annual requirements – annual contribution limits apply
  Minimum Opening Deposit	$.01
  Transaction Limitation	Unlimited
  Debit Card - additional fees may apply, a full fee schedule is available at any branch	Yes – Health Savings debit card only

   

• INDIVIDUAL RETIREMENT ACCOUNT (IRA)

  Account Description & Benefits: An IRA, is a tax-deferred account that permits individuals to set aside money each year for retirement planning, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later. Contributions may be deductible. IRA’s are funded by a Certificate of Deposit. IRA Types offered: Traditional IRA, ROTH IRA, SEP IRA (Simplified Employer Plan), CESA (Coverdell Education Savings Account).
  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield	Yes
  Service Charges	Penalty for early withdrawal
  Eligibility	Individuals
  Minimum Opening Deposit	$1,000
  Transaction Limitation	Non-transactional account
  Debit Card - additional fees may apply, a full fee schedule is available at any branch	No

   

• CERTIFICATE OF DEPOSIT

  Account Description & Benefits: Certificate of Deposits are a low-risk investment that allows you to maximize your savings with added benefits of liquidity and safety. CD terms from one month to five years.
  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield	Yes
  Service Charges	Penalty for early withdrawal
  Eligibility	Individuals or Business
  Minimum Opening Deposit	$1,000 for Regular CD’s – all terms $100,000 for Jumbo CD’s – all terms
  Transaction Limitation	Non-transactional account
  Debit Card - additional fees may apply, a full fee schedule is available at any branch	No