Personal Savings

Passbook Savings | High Yield Savings | Certificate of Deposit

 

Regular Passbook

  • Interest compounded daily & paid quarterly
  • No minimum balance / No service charges
  • Automatic transfers limited to six per statement cycle
  • Variable interest rate posted in ASB lobby and on website at INTEREST RATES

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High Yield Savings

  • Minimum balance of $10,000
  • Minimum withdrawal of $1,000
  • Interest rate based on the 3 month U.S. Treasury bill. If balance falls below the minimum, rate will convert to regular passbook rate for the days the balance is under $10,000.
  • Variable interest rate posted in ASB lobby and on website at INTEREST RATES

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Certificates of Deposit

Certificates of Deposit are an excellent way to invest your money at American State Bank. CD’s provide a fixed interest rate with a variety of terms and conditions to meet the needs of our customers.

Terms & Conditions
3 Month Minimum $2,500.00
6 Month Minimum $2,500.00
12 Month Minimum $500.00
24 Month Minimum $500.00
36 Month Minimum $500.00
48 Month Minimum $500.00

Early Withdrawal Penalty on CD’s 1 year and less is 3 months of Interest.
Early Withdrawal Penalty on CD’s greater than 1 year is 6 months of interest.
This penalty may invade your principal.

Interest rates are posted in ASB’s lobby and on this website at INTEREST RATES or you may call us at 218-294-6111 or 1-877-814-9937.

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