American Bank Center (ND) Review

American Bank Center Savings

0.01% APY

American Bank Center first started operating in 1977 with headquarters located in Dickinson, North Dakota. American Bank Center has assets totaling $1 billion as well as $1 billion in deposits, classifying it as a medium-size bank. American Bank Center does not have the same customer service perks that others do. It is a conventional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile presence. SmartAsset has rated the bank 4.2 stars out of 5, indicating that American Bank Center is a solid pick to be your bank. 

American Bank Center offers a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Perfect for basic banking needs, American Bank Center's ordinary checking account does not have a monthly fee. Keeping accounts in the same place is perfect when you want to get the highest return on your deposits while maintaining access to your funds without having to wait for money to transfer between accounts.

Service Quality

American Bank Center is a brick-and-mortar bank, with 18 total branches in Montana and North Dakota. It also offers access to mobile and web apps for an easy mobile-banking experience.  

American Bank Center's online and mobile banking services get great feedback from customers: out of 10 ratings across Apple and Android platforms, the American Bank Center mobile app is scored at 4.6 out of 5 (compared to the national average of 3.8). American Bank Center's mobile app allows you to control your accounts by looking at account balances, sending and receiving funds as well as accessing customer service. American Bank Center receives a superb consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector. 

Products Offered

American Bank Center has several deposit products which include savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. It does not have the best savings rate, which means you should consider other options for banks that offer 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 Center's CD rates are competitive in comparison to the average U.S. bank.

Rates

With a savings rate of 0.01%, American Bank Center ranks below the mean in comparison to other U.S. banks. American Bank Center's one-year CD earns at a rate of 0.20% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account earns at a rate of 0.07%. It has a fair savings rate, which means you can find higher rates with other banks. Consider choosing another bank to earn more on your deposits.

Fees

American Bank Center charges customers extremely low fees in comparison to the national average. With no monthly fee, American Bank Center's checking account is ideal for people who need a hassle-free banking experience. 

Financial Health

American Bank Center is a medium-size bank owning $1 billion in assets and deposits totaling $1 billion. American Bank Center has a very good Texas Ratio of 15.05%, indicating that American Bank Center is in good financial shape and far from failure. Additionally, American Bank Center is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find an American Bank Center Near Me

American Bank Center has 18 physical branches across the U.S.