American State Bank was established on September 1, 1913.  The bank has been FDIC insured since 1934.  American State Bank is chartered as a Federal Reserve Non-member; the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has assets of approximately $440,000,000.  Through the first nine months of 2008, the bank had net income of $5,700,000. American State Bank has five branch locations.  A branch in Sioux, Hospers, Granville, Alvord and Hull Iowa. 
 
American State Bank has a plethora of lending and deposit products.  The bank has multiple versatile checking accounts accessible to its customers.  American State Bank offers savings options that include a statement savings account, money market savings accounts, an All American College Plan and certificates of deposit.  Within the CD account options, the CDs provide a wide range of options with maximum earnings for customers who are looking for a short, medium or longer-term investment.

With a minimum opening balance of $100.00 American State Bank is offering a three month CD that earns an interest rate of 1.75% APY and an eighteen month CD that has an interest rate of 2.55% APY.

With a minimum opening balance of $1,000.00 American State bank is currently providing the following CD rates:

A ninety-one day CD rate is 1.80% APY.
A six month CD rate is 2.10% APY.
A twelve month CD rate is2.60% APY.
An eighteen month CD rate is 2.70% APY.
A thirty month CD rate is 3.60% APY.
And a forty-eight month CD rate is 3.65% APY.
 
With a larger minimum opening balance of $10,000.00 American State Bank offers:
A one-hundred-eighty-two day CD with a rate of 2.20% APY.
And a twelve month CD rate of 2.70% APY.

With a minimum opening balance $25,000.00, American State Bank is currently promoting the following CD rates as well:
A ninety-one day CD rate is 2.00% APY.
A one hundred-eighty-two day CD rate is 2.25% APY.
 
American State Bank is also offering a special mid term CD.  With a minimum opening balance of $1,000.00, the bank is offering an eleven month CD special with an interest rate of 2.90% APY. 
 
Further CD offerings include 3 different step up CDs.  A two year step up CD that has a $1,000.00 minimum deposit requirement and has an interest rate of 3.15%.  Another two year step up CD that has minimum deposit requirement of $10,000.00 and yields an interest rate of 3.30% APY.  And a three year step up CD with a $1,000.00 minimum deposit that has a rate of 3.60% APY.
 
Bank interest rates are subject to change.  Additional bank account conditions may apply. For up to date CD rates and account details contact the bank directly at 260-925-2500.  Bank CD rates, account information and other disclosures can be found at the bank website, www.ambankiowa.com.

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