Develop a Savings Strategy Tailored to You
Developing a savings strategy is part of any smart financial plan. Choosing the right savings account is the first step in developing that smart savings strategy. American Community Bank offers a variety of savings account options to allow you to save the way you want. Whether you’re looking for a traditional savings account to grow your money, a flexible account with convenient access options, or an account to teach your child the value of smart money management, we’ve got an account for you. Connect with our personal banking team to learn more about which account is right for you.
Compare American Community Bank Savings Accounts
Each of our savings options includes the following:
- Free online banking and mobile app
- The interest rate and APY may change without notice
- Interest accrues based on a 365-day year
- Interest begins to accrue on the day American Community Bank receives credit
- Accrued interest compounds quarterly (except on Money Market accounts)
- There are no per withdrawal charges
| Account Name | Minimum Opening Deposit | Minimum Balance Requirements | Fees | What You Should Know |
|---|---|---|---|---|
Star Savings Account | $200 | $200 to earn interest | None | Free ATM/Debit Card 6 electronic transactions allowed per month Direct deposit for payroll checks available Monthly mailed statements or e-statements available Sweep/donor processing available |
Money Market Account | $2,500 | $2,500 to earn stated APY | $20 if balance falls below $2,500 during statement cycle | Total deposits may not exceed $1,000,000 Tiered interest rates Funds accessible with paper checks Free debit/ATM card for ATM withdrawals Unlimited in-person and ATM withdrawals 6 electronic or third-party check transactions allowed per month Monthly statements or e-statements with check images |
Skipper’s Treasure Chest Youth Savings Account | $1 | $0.01 to earn interest | None | Your child is given a passbook to balance their account Interest posted quarterly Free digital banking with the mobile banking app (not all features included) |
Holiday Club Account | $10 | None | None | Interest earned at normal savings rate Withdrawals are not allowed with this account Make deposits at will or with automatic transfers from your checking account Total accumulated balance is distributed via check in early November Free digital banking with the mobile banking app (not all features included) |