American Bank of the North is offering a very competitive rate on its regular savings account. The savings account rate current as of July 22, 2009 is 2.02%APY and only requires a minimum opening deposit of $50. However, there is no minimum balance requirement if you are under 18 years of age or over 50 years old.

Interest earnings on your regular savings account will be compounded quarterly. The rate may change at any time which could either increase or decrease your earnings. However, American Bank may charge fees which could definitely reduce your earnings.

American Bank of the North is a member of FDIC and has been rated sound by Bankrate.com.

Tags: savings account rate