- Interest is compounded and paid monthly on collected funds.
- Six withdrawals permitted each month at no cost (excess withdrawal fee temporarily waived).
Personal Savings
Plan for rainy days, expenses to pay, or a retirement far away. With options that help you earn more.Saving money––whether it's a few dollars a day or a larger sum each month––should be part of your overall financial to-do list. Make it a habit of putting money away to help you save each and every day. Just as important? Finding the right solution to help you hit your savings goals.
| Youth Savings | Basic Savings | Preferred Investment | Star Investment | |
|---|---|---|---|---|
| Account Description and Features | ||||
Best for customers who... | Are under 18 years of age and want to start saving | Are just getting started on a savings plan and expect to maintain a low to moderate balance | Maintain a moderate to high balance | Maintain a high balance |
Requirements to open account | Less than 18 years of age | - | - | - |
Minimum to open | $50 | $50 | $200 | $200 |
| Monthly service fee | $0 | $5 or $0 | $10 or $0 | $15 or $0 |
Minimum balance requirement to avoid monthly service fee | $0 | $300 Daily | $2,500 Daily $5,000 Avg Monthly | $25,000 Daily $50,000 Avg Monthly |
Interest tiers | No tiers | No tiers | 4 tiers | 4 tiers |
It's never too early to teach your kids (or grandkids) to save. So get them off to a good financial start with our Youth Savings account. It's available for anyone under 18 years of age and there's a low minimum to open (just $50) with NO monthly fee.
If locking in an interest rate for a period of time makes more sense for you, ANBTX offers traditional time deposits, also known as Certificates of Deposit (CDs) with a variety of terms.
Or, an ANBTX IRA, which is like a CD except that it's designed specifically for saving for retirement. Individuals (who earn income or receive alimony) can contribute a designated amount each year according to IRS guidelines. It's also a great place to park 401(k) rollover money from a previous employer.
For larger savings amounts, you may also choose to participate in our CDARs program. It’s a smart and easy way to access FDIC insurance on all of your deposits.
Instead of opening CD accounts at multiple banks (to secure FDIC insurance), let ANBTX manage. As a CDARS Network member, we can place your funds into CDs issued by other financial institution members of the CDARS Network in increments below the FDIC insurance maximum of $250,000, ensuring both the principal and interest are eligible for FDIC insurance.