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Savings

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Build your savings safely and conveniently with one of our personal savings account options. Choose a savings solution to achieve short-term financial goals, assist with budgeting, establish a rainy day fund to save for emergencies or build personal savings.

American Savings

Save with this easy access account with a competitive interest rate and low minimum deposit and average daily balance.

  • Variable interest rate tiers based on average daily balance
  • Unlimited deposits and withdrawals at an American Federal banking location or an American Federal-owned ATM
  • No monthly service fee with average daily balance of $300 or more
  • Monthly service fee waiver for youth savers under age 19 who are the account’s primary tax owner
  • Free monthly combined statement or quarterly savings statement***
  • Free Online Banking, eStatement and Telephone Banker*
  • Free ATM Card** with no ATM fees**
*Regulation D limits certain types of withdrawal and transfer transactions which can be made from savings and money market accounts to a maximum combined total of six per calendar month or monthly statement cycle. An excess activity fee applies for each transaction that exceeds the limit. If account transaction limitations are continuously exceeded, the account may be converted to a checking account or closed, as required by federal regulations governing savings and money market account transaction limitations. See account disclosure for details.
**American Federal does not charge a fee for an American Federal Cash Card Check Card, ATM Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.
***Savings accounts generally produce a quarterly statement; however, a monthly statement is provided during any month an electronic transaction occurs.

Retirement Savings

Sometimes you need a liquid account as you plan for the long term. Temporarily place your retirement dollars in a Retirement Savings Account at American Federal, earning variable interest rate tiers on an average daily balance.

With our retirement savings account, you can temporarily place your retirement dollars in a liquid account while evaluating longer-term investment options. Open a Retirement Savings Account with an opening deposit of $100.

    • Variable interest rate tiers based on average daily balance
    • Interest compounded and credited monthly
    • No monthly service fees
    • Free monthly combined statement or quarterly savings statement*
    • Free Online Banking, eStatement and Telephone Banker
  *Savings accounts generally produce a quarterly statement; however, a monthly statement is provided during any month an electronic transaction occurs.

Automatic Savings Plan

Begin a savings habit. Pay yourself first with automatic deposits to a savings account. Simply open any American Federal Savings account and have a specific dollar amount transferred automatically each month into the account. Open an American Federal Savings account with $100.