Free Checking

American Bank & Trust is proud to offer Free Checking to our customers.   This account has no service charges, no transaction fees and no minimum balance requirement.  You enjoy unlimited check writing and online e-statements that include your imaged checks and deposits. Over two years of e-statements are available online and Bill Pay is free for consumer accounts.

NOW and Super NOW Checking

If you normally keep a higher balance in your checking account and want those funds to earn interest, our NOW or Super NOW account is for you.   There are no service charges as long as you maintain a minimum balance of $500.00 on a NOW account and $1,000.00 on a Super NOW account.  The service charge is only $5.00 on a NOW account and $10.00 on a Super NOW account if you do fall below the minimum balance requirement.  For current interest rates click here.  You enjoy unlimited check writing and online e-statements that include your imaged checks and deposits. Over two years of e-statements are available online and Bill Pay is free for consumer accounts.

ICMA - Individual Cash Management Account

A money market account with a tiered rate structure that increases as the balance increases.  Interest is compounded and credited monthly.  A $500 minimum opening deposit is required.  There are no service charges as long as you maintain a minimum balance of $500.  The service charge is only $5.00 if you fall below the minimum balance requirement.  Up to six withdrawals or transfers are allowed per month.  Unlimited deposits and unlimited withdrawals can be made in-person.  For current interest rates click here.  Over two years of e-statements are available online.

Savings

Open an American Bank & Trust Savings account and start depositing money on a regular basis.  A Savings account can be opened with as little as $25.00.  Your money is available to you whenever you need it.  A fee of $3.00 per statement cycle will be assessed on savings accounts that have an average statement balance of less than $25.00.  Our Savings accounts offer competitive interest rates and the interest is compounded semi-annually.

Certificates of Deposit

Looking for a higher return on your money than Savings accounts offer?  Open a Certificate of Deposit account with the American Bank & Trust and watch your savings grow.   American Bank & Trust offers CDs with a terms as short as 91 days and for as long as 5 years.  Certificates of Deposit require a minimum deposit to open and there is a substantial penalty for early withdrawal.  For current interest rates, click here.

Individual Retirement Accounts (IRA)

Retirement planning must begin early in life if we want to be able to enjoy our golden years.  Odds are pretty good that there won't be enough government or pension support when it is your turn to retire.  If you are under age 70½ for the entire tax year and receive a salary or wages as an employee you are eligible to establish an IRA.   IRA accounts can be opened any time between January 1, and the date your tax return is due for the year, excluding extensions.  When you open an IRA, you pay no taxes on the income earned until the money is withdrawn, usually after retirement.  This allows your savings to grow much faster than in taxable accounts.  For some people, IRA deposits are also tax deductible.  Consult your tax advisor for tax deduction eligibility.  American Bank & Trust offers a fixed rate 3, 4, or 5 year Certificate of Deposit IRA and a variable rate MMDA IRA account.  For people who have a hard time finding a lump sum at the end of the year to invest in an IRA, the MMDA IRA is a good choice, because it allows you to add to your retirement savings as often as you like throughout the year.  For current interest rates, click here.

Health Savings Accounts (HSA)

Health Savings Accounts (HSAs) are a new way for consumers to pay for medical expenses. As of January 1, 2004, almost anyone with a qualified high-deductible health plan can also have a Health Savings Account. Your high-deductible health plan can be one you get through your employer or a policy you buy on your own.  HSAs can save you money on your medical care now as well as provide a good way to save for future medical expenses. HSA funds can pay for expenses before you meet your deductible as well as helps pay for services not covered by your health plan, COBRA coverage during periods of unemployment, medical expenses after retirement and long-term care expenses, to name just a few.

You decide how much to contribute, how much of the account to use for medical expenses, and which medical expenses to pay from your account. You also choose whether to pay for medical expenses from the account or save it for future use. Even if you change jobs, your Health Savings Account is still yours.

You can keep the account even if you move to another state, and you can continue to keep it as you grow older. Regardless of where you get your health insurance plan, whether on your own or through your employer, your Health Savings Account funds are yours. Unlike some other types of accounts, you don't lose HSA funds at the end of the year. Unspent balances remain in your account earning interest until you spend them on medical care.

For more information, visit http://www.treas.gov/offices/public-affairs/hsa/.  Consult your tax advisor to determine eligibility. 

You can open a Health Savings Account at American Bank & Trust for as little as $100.00. Our HSAs offer excellent rates and have no fees. For current interest rates, click here.

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The American Bank & Trust offers a wide array of consumer, business, agricultural and real estate loans to meet your needs.  We are proud to be a locally owned community bank providing excellent customer service and competitive rates.  We are "Always There" looking for new customers and taking excellent care of our existing customers.  Come bank with your friends and neighbors.

Auto Loans Recreational Vehicles Residential Real Estate Mortgages Home Equity Lines of Credit Business and Agricultural Lines of Credit Business Term Loans Livestock Loans Equipment financing Commercial Real Estate Agricultural Real Estate

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U.S. Savings Bonds

Paper savings bonds won't be sold at financial institutions after December 31, 2011.

Buy electronic savings bonds at www.treasurydirect.gov.

Frequently Asked Questions for Financial Institutions About the End of Paper Savings Bond Sales

Guided Tour of TreasuryDirect

Bank by Mail

Bank by mail envelopes are provided without charge for those who find it more convenient to bank by mail.

Direct Deposit

Have your money deposited directly to your account electronically.   Direct Deposit is available through government agencies and certain businesses.

Automatic Payments

Save postage and take the worry out of forgetting to make your loan payments.  We can set your loan up to automatically take payments from your checking account.  This service is available even if you don't have your checking account with us.

Drive Up Window

A drive up window is available at the Wessington Springs, Miller, Huron and De Smet offices for your banking convenience.  Miller also has a walk up window.

Night Deposit

Make deposits or loan payments 24 hours a day with our Night Depository service.  It's safe and convenient.

Money Orders

Money orders provide a safe way to transfer funds or send money through the mail.

Notary Service

A free service provided to our customers.

Safety Deposit Boxes

Protect your valuables and important papers.  Ask us about our box sizes and rental fees.

Check Printing	Varies By Style  (Free to 65+ Customers)
Bank Money Order -  Bank Customers Only	$5.00
Personal Money Order - Bank Customers Only	$3.00
Overdraft Charge	$29.00 per item, $174.00 limit per day
Continuous Overdraft Charge	18% per annum of the overdraft amount or $2.00 whichever is greater per business day
Return Check Charge	$29.00 per item, no daily limit
The return check charge and overdraft charge will apply to overdrafts created by check, in-person withdrawals, or pre-authorized ACH debits.
Account Research/Reconcile	$15.00 per hour ($15.00 min.)
IRA Transfer Fee	$50.00 will be assessed on all transfers         of IRA's out of the custody of         American Bank & Trust
Stop Payment (all items)	$20.00 per item
Wire Transfers:
- Outgoing	$20.00
- Incoming	$15.00
- International	$50.00
Collection Fee	$20.00 per item
Dormant Account Fee (Dormant = No activity for 12 months)	$10.00 per month on account balances below $500.00
Check Cashing ("On-us" checks only for non-customers)	Check cashing will be $5.00 per item unless a customer has a deposit or loan relationship with American Bank & Trust that averages $100.00
Safe Deposit Box
- Replacement Key	Market Rate
- Drilling	$100.00
- Rent	Varies by size
Consumer Bill Pay
- Monthly Fee	Free
- Transaction Limit	None
Business Bill Pay
- Monthly Fee	$6.95 per month for 10 monthly payments with a $.50 charge for each additional payment per month.  The first 3 months are free.
ATM Cash/Checkcard
- ADVANTAGE Machine	No Charge*
- Non-Advantage Machine	$1.25 per withdrawal*
- Monthly Fee	Free
- Reissue Card	$5.00
Statement Printout Request	$1.00 per page
*Owner of machine may assess fee