American Heritage Bank offers a high yield savings account which earns 1.50% APY. The high interest savings account is called All American Savings which requires at least $100 to open. To enjoy the best interest rate, a monthly automatic transfer of at least $25 must be set up from an American Heritage Bank checking account to the savings account.

The savings account will have the variable interest compounded on a daily basis and paid every quarter. There are also fees which may be charged quarterly according to the info page of the account. You must be ready to pay $5for every withdrawal in excess of the allowable six per month. You may also want to maintain a balance of at least $100 to avoid a monthly fee of $3. These activity fees may be waived if you can maintain a daily balance of at least $1,500.

Take note also that if the account holder fails to meet the savings account requirement of auto transfer of $25 per month, the interest rate will drop to the current interest rate for their regular savings. At the moment it is at 0.65% APY.

Those who want to appy for this savings account may need to drop by their branch since we cannot find an online application link. There is only an inquiry link. The bank has offices in several counties of Oklahoma including Sapulpa, Beggs, Berryhill, Cleveland, Glenpool, Kellyville, Kiefer, Mannford, Mounds, Sand Springs, Tulsa, and Yale. You may call their customer service via 918-224-3210.

We are assuming this is a local deal so please do call the bank if you are outside their market area to inquire if you are still qualified to open an account with them.

American Heritage Bank is a member of the FDIC.