Savings : Business

In addition to our innovative American Business Investment Account, which is unique to American Bank, we offer two types of accounts to help business managers invest surplus funds while keeping them easily accessible.

American Business Money Fund
Earn competitive interest with immediate access to your money – federally
limited to six debits per statement.
American Business Savings
Regular savings earning simple interest.

Our cash management team can help you determine the right package of accounts and services to make the most of your financial resources. Please contact us for more information and a quote on pricing for your package.

Contact a Cash Management Representative at 361-992-9900 or send us an e-mail.
The cash management team is located at American Bank Shoreline, 100 One Shoreline Plaza South, Corpus Christi.

Account Details

BUSINESS SAVINGS PLANS	American Business Money Fund	American Business Savings
Account Profile	Competitive interest rates with limited check writing.	Statement savings earning simple interest, with a monthly statement.
Special Features	Itemized statement of account helps keep bookkeeping simple. Check images are stored by the bank.	Two free withdrawals per month. Low balance requirement to avoid a maintenance fee.
To Waive Monthly Maintenance Fee	Maintain a daily account balance of $2500 or more.	Maintain a daily account balance of $500 or more.
Monthly Maintenance Fee	$12.00 per month if minimum daily account balance requirement is not met.	$5.00 per month if minimum daily account balance requirement is not met.
Transaction Charges	Deposit Correction $5.00 Deposit Item $.10 (charges of less than $1.00 are waived) Deposited Return Item $5.00 (waived if correction is $1.00 or less) Excess Debit (over 6 per mo.) $10.00* Incoming Cash $.50/$1000.00 Special handling fees apply to bulk coins	Withdrawal fee is $5.00 per item (after two free per month)*
Interest	A tiered competitive interest rate is paid monthly on collected balances. Rate is variable.	Interest is variable and paid quarterly on collected balances.
Minimum Opening Deposit	$500	$200

*Unlimited number of lobby or ATM withdrawals (subject to current fee schedule). However, federal regulations limit telephone, Bank OnLine, third party or pre-authorized transfers to six per month, no more than three of which may be checks, drafts and/or point-of-sale transactions.