American Bank CD Rates
Another popular bank we haven’t had a look at is American Bank, so we here at Best CD Rates Today thought we should do that and see what they have to offer you. For customers at the institution, here are the latest in American Bank CD rates.
All of their CDs require a $1,000 minimum deposit to open and maintain and current rates have been steady for more than three weeks, so if any of these are right for you, lock it in now as they’re ripe for a change.
Their shortest term is only thirty (30) days (a month), which is rare. This pays a 0.50% annual percentage yield (APY).
That 0.50% APY holds for American CD rates at 60, 90, and 120 day terms as well. At 180 days, the rate goes up to 0.75% APY and stays there for 210 and 270 day terms as well.
At one year, the CD rates at American Bank go up to 1.10% APY, which is about national average, and then at 2 years they go up to 1.25% APY, which is slightly below the national average right now (1.40%).
Jumbo rates are the same, though a Jumbo in American CD rates is only $50,000 on deposit rather than the usually $100,000.
Pretty good rates for the local users of the American Bank institutions. This bank is FDIC insured to the fullest extent of the law.
Related posts:
- American Bank CD Rates Allentown Pennsylvania
- American Express CD Rates
- Key Bank CDs
- Best Jumbo CD Rates
- American Express CD
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