The Spirit of American Banking
~Since 1899

CDs & IRAs

Certificates of Deposit (CDs)

American Savings Bank offers various CD terms to match our customers’ savings goals. CDs are a secure way to invest your money and earn a higher rate than a regular savings account. Regular CD terms run from 3 months up to 5 years. ASB also periodically offers CD Specials.

These are the current CD Specials:


Interest Rate APY* Minimum Balance
11 months 0.75% 0.75% $5,000
25 months 1.00% 1.00% $5,000

*Annual Percentage Yield 

  • Penalty for early withdrawal.
  • Fees could reduce earnings.
  • Rates subject to change without notice.

Individual Retirement Accounts  (IRAs)

IRAs (Traditional and ROTH) allow you to plan and save for your retirement and are one of the best ways to invest money over the long term.

With an American Savings Bank IRA account, your funds are invested in Certificates of Deposit with fixed or variable terms.

  • Penalty for early withdrawal.
  • Fees could reduce earnings.
  • Rates subject to change without notice.
  • Full account disclosures provided when the account is opened.
  • Member FDIC $250,000
  • Please call the Bank for further information: 319-882-4279

“The most powerful force in the universe is compound interest.”

Albert Einstein

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