Savings Accounts
Business Statement Savings
This business account earns a higher interest rate on balances of $2,500 or more.
- Interest is earned on all balances
- Minimum opening balance $1
- Daily balance method used to calculate interest; interest is credited monthly
- Interest is accrued on deposits the business day you deposit the item (cash or non-cash)
- Maximum 6 transfers per month; unlimited in-branch transfers
- Can be combined with your Business Checking Account for one convenient monthly statement
*The above savings account is a variable rate account and the interest rate may change after account opening. Interest accrues on balances over $1.00 and is credited monthly. Must maintain an average daily balance of $2,500 or greater to receive Business Statement Savings Rates. Average daily balances below $2,500 will receive Statement Savings Rates. Fees may reduce earnings on account.
Statement Savings
- Interest-earning account
- Minimum opening balance only $1
- Can be used for Overdraft Protection for your Abington Bank Checking
- Quick and easy access through any ATM
- Can be combined with your Checking Account for one convenient monthly statement
Money Market Statement
- Daily balance method used to calculate interest & interest is credited at the end of every statement cycle
- Interest is accrued on deposits the business day you deposit the item (cash or non-cash)
- Maximum 6 transfers per month but unlimited in-branch transfers
- Maximum three checks per month
- Bounce ProtectionSM
Tiered Money Market Statement
These accounts offer maximum return, high liquidity, and are FDIC safe. For customers who have an Abington Bank Checking Account:
- Daily balance method used to calculate interest & interest is credited at the end of every statement cycle
- Interest is accrued on deposits the business day you deposit the item (cash or non-cash)
- Maximum 6 transfers per month but unlimited in-branch transfers
- Maximum three checks per month
- Bounce ProtectionSM
Passbook Savings
Abington Bank Passbook Accounts are interest-bearing accounts that allow unlimited deposits and withdrawals. We offer the following types of Passbook Accounts:
- Regular Passbook
- Money Market Passbook
Minimum $1,000 opening deposit
- Tiered Money Market Passbook
This is a special account for customers who have an Abington Bank Checking Account.
*The above savings accounts are variable rate accounts and the interest rate may change after account opening. Interest accrues on balances over $1.00 and is credited monthly. Minimum balance to open any Money Market account is $1,000, all remaining accounts minimum balance to open account is $1.00. Fees may reduce earnings on account.
Certificates of Deposit
If you are in the market for a long or short-term investment, Certificates of Deposit (CDs) may be just right for you. Certificates are among the safest investment you can make. They are easy to understand and there is no fee or sales charge involved. You are protected from market value risks, since both your principal and interest are guaranteed. In addition, your Abington Bank accounts can be insured up to $100,000.
Term: 5 months to 10 years. Fixed Rates: according to term. Our certificate rates and terms apply to our Individual Retirement Accounts as well.
The Flex Account
A unique Abington Bank Certificate of Deposit that offers the flexibility of penalty-free monthly withdrawals and the high yield opportunity of an adjustable rate CD.
- Tiered Rate - directly tied to Fed Funds*
- Safe & Secure - FDIC insured
- Penalty-Free Withdrawal - one per month with a minimum remaining balance of $1,000
- Additional Deposits - anytime
- Interest - can be automatically deposited into your Abington Bank Checking Account
- Term - 2 years
Tiers:
$100,000 plus..............Fed Funds - .50
$50,000 - $99,999.......Fed Funds - .60
$20,000 - $49,999.......Fed Funds - .70
$1 - $19,999..............Fed Funds - .80
*Based on Fed Funds rate on the last business day of the previous month, this account rate will be adjusted monthly on the first calendar day of every month.
Interest accrues on balances over $1.00. Early withdrawal penalty may apply. We will notify you when your certificate is about to mature. You have seven(7) days to adjust the term, complete a withdrawal, or close the account without penalty. Your certificate will automatically renew at the same term and current interest rate if you do not make any changes.
