Overview
At Premier American Bank, we offer you flexible ways to save your money for short-term or long-term savings goals.
Personal Money Market
- Minimum balance of $1,000 to open
- $10.00 monthly maintenance fee
- Interest compounded and paid monthly
- Minimum average ledger balance of $1,000 to avoid monthly maintenance fee
- Online banking and 24-hour phone banking at no cost
- $5 fee for each excessive transaction
Personal High Yield Money Market
- Minimum balance of $2,500 to open
- Interest compounded and paid monthly
- Minimum average ledger balance of $2,500 to avoid monthly maintenance fee
- $12 monthly maintenance fee
- Online banking and 24-hour phone banking at no cost
- $12 fee for each excessive transaction
Personal Savings
- Minimum balance of $100 to open
- Minimum average ledger balance of $50 to avoid quarterly maintenance fee
- Interest compounded and paid quarterly
- $3 quarterly maintenance fee
- Online banking and 24-hour phone banking at no cost
- $2 fee for each excessive transaction
Minor Savings
- Must be younger than 18 years old
- Minimum balance of $10 to open
- No maintenance fee
- Interest compounded and paid quarterly
- No minimum balance to maintain
- Online banking and 24-hour phone banking at no cost
- $2 fee for each excessive transaction
Premier Personal Savings
- Minimum balance of $50,000 to open
- Minimum average ledger balance of $200 to avoid quarterly maintenance fee
- Interest compounded and paid quarterly
- $3 quarterly maintenance fee
- Online banking and 24-hour phone banking at no cost
- $2 fee for each excessive transaction
- No interest will be earned if the daily balance falls below $50,000.00
Compare Money Market & Savings Accounts
| Minimum Opening Deposit | Minimum Daily Balance | Maintenance Fee | Service Charge for Excessive Transactions | |
| Personal Money Market | $1,000 | $1,000 | $10 monthly fee | $5 per excessive transaction |
| Personal Savings | $100 | $200 | $3 quarterly fee | $2 per excessive transaction |
| Premier Personal Savings | $50,000 | $200 | $3 quarterly fee | $2 per excessive transaction |
