Saving money is an important part of life. Kids learn to save their pennies, and as they grow their thoughts inevitably turn to long-term financial planning for things like college, a first home, a dream vacation, and retirement. Choosing financial tools and services that complement your goals today—and tomorrow—is a critical element to achieving success.
That’s where AmericanWest Bank comes in. We’re your community bank, built on providing convenient service and products that fit your needs and your life.
When you save at AmericanWest Bank, your deposits are fully insured up to $250,000 per depositor by the Federal Deposit Insurance Corporation, an independent agency of the federal government.
If you have over $250,000 on deposit, our personal bankers are happy to assist you in structuring accounts over $250,000 to ensure you are fully covered. Or, you can go to the FDIC website and use the Electronic Deposit Insurance Estimator (EDIE) to calculate the insured coverage on your accounts. Just go to www.FDIC.gov and look for the EDIE calculator.
» SAVE: Savings Accounts
AmericanWest Bank’s savings accounts provide a great way to learn the savings habit and offer unlimited in-person withdrawals.*
» SAVER’S RESERVE—Your basic savings account
Save for a rainy day or for that special purchase with this great interest-bearing account.
Low $25 minimum balance to open and maintain the account; $2 monthly fee if balance falls below minimum (fee waived on minor accounts); and
Link to your checking account to protect from accidental overdrafts; $5 per transfer.
» SUPERSTAR KIDS SAVINGS ACCOUNT—Just for kids
The SuperStar account offers a fun and interactive introduction to savings with super interest rates for kids age 12 and younger!
Earn a higher rate than regular savings on balances up to $1,000;
No minimum opening or monthly balance requirements; and
No monthly service fees.
* $5 per electronic transfer in excess of six per month.
» EARN: Money Market Accounts
A money market account earns a higher rate than regular savings and provides easy access to your funds via checks, e-@ccess, TeleService, or unlimited ATM card or in-person transactions*. (link both to 24/7 Account Access section)
» ULTIMATE MONEY MARKET—Earns you more!
With higher yields than our traditional Money Market, this account is perfect for customers with higher balances who appreciate keeping their money liquid.
Tiered rates higher than regular Money Market; and
$25,000 opening and minimum balance—low $10 monthly fee waived with minimum balance.
» MONEY MARKET—Keeps your funds liquid
You will earn a great rate while keeping your money available when you need it.
Just a $1,000 opening and minimum balance and tiered rates; and
Low $10 monthly fee waived with minimum balance.
*Up to six restricted transactions per month; $10 per transaction thereafter.
» GROW: CDs and IRAs
CERTIFICATE OF DEPOSIT (CD)
Our CDs work as hard as you do, with competitive fixed yields based on the balance and term. With terms from three to 60 months, it’s a great alternative to a traditional savings account, and you’ll earn higher yields while providing protection against fluctuating interest rates.
» 36-MONTH BUMP RATE CD— Increase your rate as rates go up
This special CD comes with three opportunities to bump up your rate for greater control of your money. Lock in a competitive rate now with a low $1,000 minimum deposit. If rates go up, you can bump your rate. You decide when to increase your rate with one bump opportunity every twelve months throughout the term.
Bump up to the current rate once every 12 months;
Single Maturity CD.
Unused bumps may not be carried over and are therefore deemed expired.
» INDIVIDUAL RETIREMENT ACCOUNT (IRA)— Start saving for your future today
Retire without financial worries by saving with our IRA. Plus you’ll enjoy the tax benefits of yearly contributions.*
Open as a Money Market or Certificate of Deposit;
Start with as little as $1,000;
Tax-deductible contributions based on age and income status*; and