Products

Checking

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 your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement.

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 your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement.

Platinum Super Now Account

This account has a higher rate of interest than our NOW and Super Now.  There are no service charges as long as you maintain a minimum balance of $50,000.  The service charge is $75.00 if you fall below the minimum balance requirement.  For current interest rates click here.  You enjoy unlimited check writing and your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement.

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 (three by check).  Unlimited deposits and unlimited withdrawals in person.  For current interest rates click here.  Your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement.

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Savings

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 month will be assessed on savings accounts that have an average monthly balance of less than $25.00.  Our Savings accounts offer competitive interest rates and the interest is compounded monthly.

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.

Advantage ATM Checkcard

Advantage ATM & Checkcard

As a customer of the American Bank & Trust, you are welcome to apply for your Advantage ATM & Checkcard.  You can use this card 24 hours a day to get cash, transfer money, and check your balance at hundreds of Advantage and other ATM locations throughout South Dakota and the world.  American Bank & Trust has ATM's located at the Humm Dinger on Dakota Avenue in Wessington Springs, at the Pump & Pack in Miller, at the American Bank & Trust at 1820 Dakota Ave S, at the Huron Wal-Mart and at the Crossroads on 4th Street SW in Huron, at the American Bank & Trust at 805 Main Street in Alpena, at the Travel Center in Mellette and at the American Bank & Trust on Highway 281 in Wolsey.

You can also use your Advantage ATM & Checkcard instead of writing checks at any merchant who accepts Visa.  The money comes right out of your checking account, so there are no bills to pay later and no interest or late fees to worry about.  

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Loans

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.

  Checked your credit lately? Check it online NOW!

Internet Banking

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Other Services

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 and Huron 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.

Federal Depository

Deposit your federal withholding and social security taxes with us.

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.

Travelex Card

Planning a vacation or business trip?  Purchase a Travelex card for a safer and easier way to carry money.

U.S. Savings Bonds

See us for purchasing or redeeming U.S. savings bonds.

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Fee Schedule

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