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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 was founded in 1970 and its headquarters are located in Corpus Christi, Texas. It manages $1 billion in assets and deposits totaling $1 billion, ranking it as a medium-size bank. American Bank lacks premium access to customer service, with no live chat or all-day service options available. 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. We gave American Bank a 3.8 stars out of 5, which means it is an average bank that leaves room for improvement. American Bank provides customers with multiple banking products, 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 features a $5.00 monthly fee, making it a rather expensive bank for checking. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best option for gaining the most income on your deposits while having easy access to your funds.

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

American Bank has a savings rate of 0.10%, which is fair in comparison to the national average. American Bank's one-year CD has a rate of 0.65%, while its highest-yielding money market account earns at an APY of 0.10%. Given American Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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 typically has high fees in comparison to the average U.S. bank. American Bank's checking account has a monthly fee of $5.00, making it fair for anyone looking for a simple account. For those who use cash often, it is not the best product because it has an out-of-network ATM fee of $3.00, which is not ideal in comparison to the national average. American Bank unfortunately doesn't refund out-of-network ATM fees, which means you will have to locate an American Bank ATM or pay the fee.

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 branches in Texas. With mobile and web apps, American Bank makes mobile banking easy, even on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 7:00 a.m. to 6:00 p.m. CT. American Bank gets average feedback from users for its online presence. Out of 24 customer reviews across both Apple and Android platforms, the American Bank mobile app is scored at 3.7 out of 5 (compared to the national average of 3.8). You can use American Bank's app to control your funds by checking current statements, sending and receiving funds as well as reaching customer service. American Bank receives a superb consumer satisfaction score based on relatively few consumer complaints reported to 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 assets totaling $1 billion as well as deposits totaling $1 billion. American Bank's Texas Ratio is 2.48%, indicating that American Bank is in outstanding financial condition and improbable to fail. 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: 0.65% APY
  • 24 Month: 0.75% APY
$1000 for all terms
Money Market Account 0.1% APY $1

American Bank has several deposit products like savings accounts, checking accounts and CDs that provide you with 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 other U.S. banks.

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Find a American Bank Near Me

American Bank has 12 locations in the U.S.

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