American State Bank of Grygla is an independent bank working with the needs of the community in mind and making all decisions locally. The bank was established on April 30, 1976 has been FDIC insured since that time. American State Bank of Grygla is chartered as a Federal Reserve Member and therefore the primary regulator is the Federal Reserve Board.

At the end of September of 2008 the bank had assets of $20,995,000. Net income for the first nine months was $334,000.

American State Bank offers a variety of checking and savings accounts to meet its customer’s different needs. The bank has a large array of standard bank products and services that include; regular checking, high yield savings, Now checking, IRA’s, student checking, money market savings, money market checking, certificate of deposit, senior checking and passbook savings.

The bank CD’s provide a fixed interest rate with a variety of terms and conditions to meet the needs of different investors with varying goals.

3 month certificate of deposit has an interest rate of 1.61% APY
6 month certificate of deposit earns a rate of 1.86% APY
1 year certificate of deposit rate is 2.22% APY
2 year certificate of deposit yields an interest rate of 2.37% APY
3 year certificate of deposit earns an interest rate of 2.63% APY
4 year certificate of deposit has an interest rate of 2.78% APY

There is an early withdrawal penalty on CD’s 1 year and less of 3 months of interest. Early withdrawal penalty on CD’s greater than 1 year is 6 months of interest. For up to date bank rates including CD rates or additional account information you can reach the bank call at 218-294-6111 or 1-877-814-9937. Bank CD interest rates are posted in American State Bank of Grygla lobby and on this website at www.asbgrygla.com.

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in February 13th, 2009 at 11:38 am

CD Rates at American State Bank of Grygla, MN | SelectCDRates.com – The Leading Industry Tool to Help You Select Your Rate…

American State Bank of Grygla is an independent bank working with the needs of the community in mind and making all decisions locally. The bank was established on April 30, 1976 has been FDIC insured since that time….

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