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American Bank Review

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American Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


American Bank first started operating in 1970 and has its headquarters in Corpus Christi, Texas. It handles $1 billion in assets along with deposits totaling $1 billion, ranking it as a medium-size bank. American Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, American Bank is a bank with better alternatives, with a rating of 3.8 out of 5 stars from our team. American Bank provides customers with an array product offerings, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. American Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product has a monthly fee of $5.00, making it a rather expensive bank for checking. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best bet for gaining the most income on your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.10%, American Bank ranks poorly as compared against the national average. Its one-year CD has a rate of 1.55%, while its highest-yielding money market account has an APY of 0.45%. Given American Bank's poor savings rate, you should consider taking a look at other banks for savings accounts.

How American Bank's Savings Rates Compare

American Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

American Bank charges customers high fees in comparison to the average U.S. bank. American Bank's checking account has a monthly fee of $5.00, rating it fair for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is not great because it charges an out-of-network ATM fee of $3.00, which is not great compared to other U.S. banks. American Bank unfortunately doesn't refund out-of-network ATM charges, which means you will be required to find an American Bank ATM or accept the ATM charge.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee $3.00 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

American Bank is a brick-and-mortar bank, with 12 total bank locations in Texas. With mobile and web apps, American Bank makes account access convenient, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 7:00 a.m. to 6:00 p.m. CT. American Bank's online and mobile banking platforms receive moderate feedback from users. With 24 customer reviews across both Apple and Android platforms, the American Bank mobile app rates a 3.7 out of 5 (compared to the national average of 3.8). You can use American Bank's mobile app to control your accounts by checking account balances, sending and receiving funds as well as reaching support representatives. American Bank receives a superb consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

American Bank is a medium-size bank with $1 billion in assets as well as deposits totaling $1 billion. Its Texas Ratio is 2.48%, signifying a minute likelihood of failure. Additionally, American Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare American Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 1.55% APY
  • 24 Month: 1.95% APY
$1000 for all terms
Money Market Account 0.45% APY $1

American Bank has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. American Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. American Bank's CD rates are fair compared to the national average.

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Find a American Bank Near Me

American Bank has 12 physical branches across the U.S.

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