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|GOLDEN NEST EGG|CERTIFICATES OF DEPOSITS
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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 who plan to utilize their account on a regular basis
Customers who 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:
2.5% to 3.0% interest per annum on balances $499.99 and over, accruing daily, paid 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 $20,487.09, of which $18,020.00 would be your contribution and $2,467.09 would be interest earned.
Interest Rate:
Tier |
ANIR |
AEIR |
0 – $499.99 |
0.00% |
0.00% |
$500.00 – $24,999.99 |
2.5% |
2.524% |
$25,000.00 and over |
3.0% |
3.034% |
ANIR- Annual Nominal Interest Rate: the stated interest rate, excluding any compounding
AEIR- Annual Effective Interest Rate: the actual annual interest rate, including the compounding of interest
No HIDDEN FEES - no monthly service charge or minimum balance fee
Easy access to funds
FREE savings passbook
FREE Visa Debit Check Card
FREE Personal Online Banking
Requirement for Service:
Valid ID, either Social Security Card or Passport
Proof of address (copy of utility bill)
Additional Requirements for Non-residents:
Two banker's references from established financial institutions with at least 18 months banking relationship
Valid Passport
Golden Nest Egg – 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 dream come true – whatever they may be.
Recommended for:
First time savers who want to save for the long term.
Customers who plan to utilize account for children’s education or retirement purposes
Customers who plan for considerable deposits during the year but may want to have easy access to funds at all times
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 $5,000.00.
Product Features:
2.75% to 3.75% interest per annum on balances $2,500 and over, accruing daily, paid 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 $77,561.82 of which $65,000.00 would be your contribution and $12,561.82 would be interest earned.
Intererst Rate:
Tier |
ANIR |
AEIR |
0 – $2,499.99 |
0.00% |
0.00% |
$2,500.00 – $24,999.99 |
2.75% |
2.778% |
$25,000.00 – $99,999.99 |
3.25% |
3.290% |
> $100,000.00 |
3.75% |
3.803% |
ANIR- Annual Nominal Interest Rate: the stated interest rate, excluding any compounding
AEIR- Annual Effective Interest Rate: the actual annual interest rate, including the compounding of interest
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 Service:
Valid ID, either Social Security Card or Passport
Proof of address (copy of utility bill)
Additional Requirements for Non-residents:
Two banker's 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 $50,000.00.
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).
Requirements for Services:
Valid ID, either Social Security Card or Passport
Proof of address (copy of utility bill)
Source of funds
Additional Requirements for Non-residents:
Two banker's references from established financial institutions with at least 18 months banking relationship.