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.
Benefits Include
- 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**
**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.
Benefits Include
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- 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
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.