American Bank CD rates are higher than national average especially for those customers that have an online checking account. A 120-day Instant Access CD currently yields an APY of 0.80%. A 3-month CD will return 0.90% whereas a 182-day CD will yield an APY of 1.00%.

CD rates at American Bank for 1-year CD are currently estimated at an APY of 1.30%. A 2-year CD will return an APY of 1.90%.

Allentown Pennsylvania CD rates for a 3-year certificate are estimated to accrue an APY of 2.10% APY. A 4-year investment returns an APY of 2.65% and a 5-year investment returns an APY of 2.90%. Five year investment is currently the highest return possible on American Bank and the major long term investment.

CD rates are updated as of December 31, 2009 and are subject to change. The personal electronic checking accounts offer another opportunity to rake in high yields. Basic investments start from $1,000 and return 1.25% in APY. These accounts require a minimum balance of $100. The bank charges a daily maintenance service charge of $5.00 until the balance shoot to above $1,000. Investments higher than $100,000 do not have any higher APY but the rates actually fall. Investments that are greater than $100,000 return an APY in the range of 1.01% to 1.03%.

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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.

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