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.
SUPER JR. SAVERS|REGULAR SAVERS|NEST EGG|CERTIFICATES OF DEPOSITS
Super Junior Savers – Watch Their Savings Grow!
Help your children develop a good saving habit for a better future by starting a savings program for your child today. Not only can they learn about financial responsibility, but you can also ensure that funds will be available for his/her education. It's your best choice for their financial security.
Recommended for:
Children and teens up to 17 years old
Opening of account:
Start your child's Super Junior Savers Savings Plan with a minimum deposit of $10.00.
Product Features:
Best interest rate in the market
4% interest per annum on balances $1.00 and over, which accrues daily and pays quarterly
No monthly service charge on active accounts or a minimum balance fee
Free Savings Passbook
Easy transfer of funds into child's account
Account becomes a Regular Savings account once the child turns 18
Nine free withdrawals per quarter, after which there is a charge of $5.00 for each withdrawal
For example: If you open an account with $10.00 and save $150.00 per month, for 17 years you would have saved $43,838.00, of which $30,610.00 would be your contribution and $13,228.00 would be interest earned.
Interest Rates:Balance |
ANIR |
AEIR |
$1.00 and over |
4.00% |
4.060% |
ANIR- Annual Nominal Interest Rate (the stated interest rate, excluding any compounding of interest)
AEIR- Annual Effective Interest Rate (the actual annual interest rate, including the compounding of interest)
Requirements for Service:
Child must be 17 years old or less
Valid ID of parent/guardian (Social Security card or passport)
Valid ID of child (birth certificate, Social Security card or passport)
Proof of Address of parent/guardian (e.g. utility bill)
Additional Requirements for Non-residents:
Two banker's references from established financial institutions with at least 18 months banking relationship for
parent/guardian.
Valid Passport
Regular Savings - Easy to open, easy to maintain!
Save for your future! See your savings grow with the best interest rates and a low opening balance.
Recommended for:
First time savers
Customers who plan to utilize their account on a regular basis
Customers who want to save for short term expenses, e.g. vacations, Christmas, etc.
Opening of account:
Start your Regular Savings Plan with a minimum deposit of $20.00.
Accounts opened for direct deposit of payroll require no opening deposit.
Product Features:
No hidden fees - no monthly service charge or minimum balance fee
Easy access to funds
Free Visa Debit Card and Savings Passbook
Free Atlantic Online - Personal Online Banking
Free GoMobile - Mobile Banking
2.5% - 2.75% interest per annum, which accrues daily and pays quarterly
For example: If you were to open an account with $20.00 and then save $150.00 per month, at the end of 10 years you would have saved $20,481.00, of which $18,020.00 would be your contribution and $2,461.00 would be interest earned.
Interest Rates:Balance |
ANIR |
AEIR |
$1,000.00 – $49,999.99 |
2.50% |
2.524% |
$50,000.00 and over |
2.75% |
2.778% |
ANIR- Annual Nominal Interest Rate (the stated interest rate, excluding any compounding of interest)
AEIR- Annual Effective Interest Rate (the actual annual interest rate, including the compounding of interest)
Requirement for Service:
Valid ID (either Social Security card or Passport)
Proof of address (e.g. utility bill)
Additional Requirements for Non-residents:
Two banker's references from established financial institutions with at least 18 months banking relationship.
Valid Passport
Nest Egg Savings – Invest for the Long Term!
Reap the rewards of your strong saving habit with the benefit of higher interest rates. Invest for the long term to make your dreams come true – whatever they may be!
Recommended for:
Customers who want to save for the long term, e.g. home, retirement, etc.
Customers who want to earn an attractive interest rate while maintaining access to their funds
Opening of account:
Start your Nest Egg Savings Plan with a minimum deposit of $5,000.00.
Product Features:
No hidden fees - no monthly service charge or minimum balance fee
Easy access to funds
Free Savings Passbook
Free Debit Card
Free GoMobile – Mobile Banking
Free Atlantic Online - Personal Online Banking
2.75% to 3.00% interest per annum on balances of $5,000 and over, which accrues daily and pays quarterly
For example: If you were to open an account with $5,000.00 and then save $500.00 per month, at the end of 10 years you would have saved $74,843.04 of which $65,000.00 would be your contribution and $9,843.04 would be interest earned.
Intererst Rate:Balance |
ANIR |
AEIR |
$5,000 – $49,999.9 |
2.50% |
2.524% |
$50,000 - $249,999.99 |
2.75% |
2.778% |
$250,000 and over |
3.00% |
3.034% |
ANIR- Annual Nominal Interest Rate (the stated interest rate, excluding any compounding of interest)
AEIR- Annual Effective Interest Rate (the actual annual interest rate, including the compounding of interest)
Requirement for Service:
Valid ID, either Social Security card or Passport
Proof of address (e.g. utility bill)
Additional Requirements for Non-residents:
Two banker's references from established financial institutions with at least 18 months banking relationship.
Valid Passport
Certificates of Deposits - Long-term savings with added growth potential!
Fixed or Term Deposits:
Invest your savings at exceptionally competitive rates and flexible maturity dates. Choose the time period that best fits your financial goal.
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 deposit of $50,000.00.
Binding commitments that place restrictions on withdrawals.
Option to renew on expiration date.
Flexible means of interest payment. Interest paid as agreed upon and deposited to assigned account or payable
by cheque (note that we may also do Principal Plus Interest).
Requirements for Services:
Valid ID (Social Security card or passport)
Proof of address (e.g. utility bill)
Additional Requirements for Non-residents:
Two banker's references from established financial institutions with at least 18 months banking relationship.
Valid Passport