Savings Accounts
Putting your money into an Atlantic Bank Savings Account helps you plan securely for a brighter future. Whether you are saving for retirement, a new car, your family’s education or even expanding your family, let us help you select the right Savings Account that meets your financial needs.
REGULAR SAVINGS|SUPER JUNIOR SAVERS|GOLDEN NEST EGG|CERTIFICATES OF DEPOSITS
CLICK HERE FOR COMPARISON CHART
Regular Savings - Easy to open, easy to maintain!
Save for your future! See your savings grow with a competitive interest rate and a low opening balance. Easy to open, easy to maintain!
Recommended for:
First time savers
Customers that plan to utilize their account on a regular basis
Customers that plan to save for vacations or special purchases
Opening of account:
Start your Savings Plan with a low opening balance of $20.00
Accounts opened for direct deposit of payroll require no opening deposit
Product Features:
5% interest per annum earned on balances of $150.00 and over paid quarterly on the minimum balance. Thus, yielding
an effective interest rate of 5.09%.
No monthly service charge or hidden fees. Free to operate.
No minimum balance fee.
Easy access to funds.
Free Savings Passbooks.
Free Debit Card.
Free Personal Online Banking.
Requirement for Services:
Social Security Card or Passport
For non-residents:
Two bankers references from established financial institutions with at least 18 months banking relationship
Valid Passport
Super Junior Savers – See their savings grow!
By starting a savings program for your child, you will not only teach them good saving habits but also ensure funds for his/her education. It’s your best choice and their financial security.
Recommended for:
Children and teens up to 17 years to help them develop good financial habits
Opening of account:
Start your Savings Plan with a minimum deposit of $10.00
Product Features:
6% interest per annum earned on balances of $10.00 and over; paid quarterly on the minimum balance. Thus, yielding an effective interest rate
of 6.14%.
Free Savings Passbook.
Easy transfer of funds into your child’s account.
No minimum balance fee.
No monthly service charge on active accounts.
Requirements for Services:
Social Security Card or Passport of parent/guardian
Birth Certificate, Social Security Card, or Passport of child
For non-residents:
Two bankers references from established financial institutions with at least 18 months banking relationship for
parent/guardian.
Golden Nest Egg – Invest for the long term!
Reap the rewards of your strong saving habits with the benefits of higher interest rates. Invest for the long term to make your dream come true – whatever they may be.
Recommended for:
First time savers who want to save for the long term.
Customers that plan to utilize account for children’s education or retirement purposes.
Customers that plan for considerable deposits during the year but may want to have easy access to funds at all times.
For customers that may want to earn an attractive interest rate and maintain access to their savings.
Opening of account:
Start your Savings Plan with a minimum deposit of $500.00.
Product Features:
6% interest per annum earned on balances of $500.00 and over paid quarterly on the minimum balance. Thus, yielding
an effective interest rate of 6.14%.
Earns 5 % interest when greater than $150.00 and below $500.00.
No monthly service charge on active accounts.
No minimum balance fee.
Easy access to funds.
Free Savings Passbook.
Free Debit Card.
Free Personal Online Banking.
Requirement for Services:
Social Security Card or Passport
For non-residents:
Two bankers references from established financial institutions with at least 18 months banking relationship.
Valid Passport
Fixed or Term Deposits:
Long-term savings with added growth potential! Invest your savings for exceptionally competitive rates and flexible maturity dates. Choose the time period that best fits your financial goals.
Product Features
Time periods include: 3, 6 & 12 months and different interest rates per period apply. Certificates of Deposits for longer
periods are strongly recommended.
Minimum time period/term is 90 days.
Minimum amount accepted for initiating deposit is $5,000.00.
Binding commitments that place restrictions on withdrawals.
Renewable on expiration date.
Flexible means of interest payment. Interest paid as agreed upon and deposited to assigned savings/checking accounts
or payable by cheque (note that we also do Principal Plus Interest).
Rates:
Interest rates range from 6.0% to 9.0%
Rates are negotiable
Requirements for Services:
A Social Security Card or Passport
Source of funds
For non-residents
Two bankers references from established financial institutions with at least 18 months banking relationship.