Personal Deposit Products in Montgomery County | Ambler Savings Bank
 

Personal Deposit Products

  

 Free Checking Account

  • Minimum balance to open $25
  • No monthly maintenance fee
  • Non-interest bearing
  • Safe Deposit Box discount with auto deduction
  • Free Online Banking, Bill pay, and Mobile Banking
  • Free eStatements
  • Free Debit Card
  • Free Bank-by-Phone
  • Apple Pay® and Google Pay™
  • Send and receive money with Zelle®

Relationship Checking Account

  • Minimum Deposit to open $100
  • Potential voiding of maintenance fee 
  • Minimum daily balance of $1,000 to earn interest
  • Free relationship checking style checks
  • 50% Safe Deposit Box Discount with no auto deduction
  • Free Official Check and Money Orders
  • Free Incoming and Outgoing Domestic Wire Transfers
  • Apple Pay® and Google Pay™
  • Send and receive money with Zelle®
Free Checking AccountRelationship Checking AccountRelationship 55+ Checking Account

Benefits
Interest Non-interest bearing

Minimum daily balance of $1,000 to earn interest.

See current rates

Minimum daily balance of $1,000 to earn interest.

See current rates

Discounted Paper Checks

 n/a

Free Relationship Checking style checks or 50% off selected check styles.

Free Relationship Checking style checks or 50% off selected check styles.
ATM Fee Refunds n/a

Refunds up to $20 per month, if balance requirements are met.

 Refunds up to $20 per month, if balance requirements are met.
Free Check Images n/a Free check images with statements, upon request. Free check images with statements, upon request.
Safe Deposit Box Discount Discount with auto deduction 50% Discount with auto deduction 50% Discount with auto deduction
Free Official Checks n/a Free Official Checks Free Official Checks
Free Money Orders n/a Free Money Orders Free Money Orders
Free Domestic Wire Transfers n/a Free Incoming & Outgoing Domestic Wire Transfers Free Incoming & Outgoing Domestic Wire Transfers
Requirements
Minimum Deposit Required to Open Account $25 $100 $100
Monthly Maintenance Fee N/A Monthly maintenance fee of $20 Monthly maintenance fee of $15
No Monthly Maintenance Fee When You: N/A

Average in checking account: $10,000.

Or at month end: The sum of all deposit accounts including IRAs: $50,000;

or the sum of all loan accounts: $100,000.

Average in checking account: $7,500.

Or at month end: The sum of all deposit accounts including IRAs: $35,000;

or the sum of all loan accounts: $75,000.
Additional Requirements N/A N/A Age 55 or better

Honors Banking Program

Spending & Savings Accounts
For 9th-12th Graders

Honors Banking will help students in high school manage their money - and get rewarded for good grades!  The program gives students a spending account (also known as a checking account) and savings account with all the latest technology to manage money on-the-go. 

$50 Good Grades Bonus* 

Students in the program with a cumulative end-of-year weighted GPA of 3.5 or better can receive a $50 bonus - each year they qualify. Simply bring in your report card or transcript at the end of the year (by July 31st) to be eligible.

Perks...

  • Free Debit Card
  • Apple Pay® & Google Pay™
  • Send and receive money with Zelle®
  • Free Mobile App
  • Free Online Banking

Ready to get started?

ACCOUNT OPENING GUIDELINES

Honors Banking Program Details


 		Spending AccountSavings Account

Benefits and Requirements
Interest N/A

See current rates

Minimum Balance for APY

 N/A

Minimum daily balance of $50 to earn interest.

Debit Card

 Yes

Yes
Minimum Deposit Required to Open Account $25

$25
Co-Signer The student must be the primary account holder, with a parent/guardian as the joint account holder.
Fees No monthly maintenance fees.
Statements*

Enroll in free monthly e-Statements or a monthly paper statement fee of $5.00 per month per account will be automatically withdrawn from your account.
Good Grades Bonus*

$50 per School Year

For students completing 9th-12th grades, with a cumulative end of the year weighted GPA of 3.5 or better, receive a $50 interest bonus deposited into your savings account. 

Must provide documentation (paper or digital report card/transcript) from a high school by July 31st in person at one of our branch locations. 
Banking Channels

Free Mobile App, Online Banking, Bank-By-Phone and Bill Pay
Age Requirement After you reach age 21 the account will be converted to a free checking account. After you reach age 21 the account will be converted to a statement savings account.

 *The Honors Banking Program is available to account holders in 9th–12th grades. After the primary account holder turns 21 years of age, the accounts will be converted to a Free Checking account and a Statement Savings account, which will be subject to account terms and conditions. Enroll in free monthly statements or a monthly paper statement fee of $5.00 per month per account will be automatically withdrawn from your account. Annual Good Grades Bonus of $50.00 is available to students in 9th-12th grade who submit an end-of-the-year report card with a cumulative weighted GPA of 3.5 or higher. The $50.00 bonus will be deposited to the account holder’s savings account in the form of an interest payment.

 

Savings Accounts

Start saving today with Ambler Savings Bank. You don't need a lot of money to open an account, and if you make regular deposits you'll be amazed at how quickly your money grows.

Statement Savings Account

Children's Savings Account (for minors with custodian)

Ideal for children age 0 up to 13

Help control your child's savings and earn interest. Teach your kids good money habits as they grow with a Children's Savings Account.   

Ready to get started?


ACCOUNT OPENING GUIDELINES

Money Market Account

Certificates of Deposit (CDs) Accounts

If you have a longer-term savings goal and do not have liquidity demands, we offer CDs in a variety of terms at competitive rates. Your return will be your original deposit, plus the interest you earn. The interest paid to you depends on the interest rate and the length of time you agree to leave your money on deposit.

Individual Retirement Accounts (IRAs)

Whether you are nearing retirement age or just starting to plan for your future, we offer IRA CDs and Money Market accounts to help you meet your retirement goals. We offer both Traditional and Roth IRAs.

Fixed Rate IRA Certificates of Deposit Account

IRA Money Market

Note: Customers should consult their tax advisor regarding tax implications prior to executing transactions to their IRA.

CLARIFI logo
If you are experiencing financial uncertainty or simply looking to get your finances in shape, check out CLARIFI, a non-profit organization that connects you with a Certified Financial Counselor. Services include credit counseling, debt management, financial wellness, budgeting, and much more.

There is no initial consultation fee and most ongoing services are of no charge to you.

To learn more about how to access these services contact Clarifi at 800.989.2227 or go to their website here: https://clarifi.org. 

 

Account Opening Guidelines for Minors

Ready to get started with Honors Banking? Here's what comes next!

Visit one of our branches to open an account.  Both the student and parent/guardian must be present at the time of account opening. The student must be the primary account holder, with a parent/guardian as the joint account holder. 

To open the account, please provide the following:

  • Child’s name, birth date, social security number and form of ID.
    • Acceptable forms of ID include, passport, social security card, state ID, driver’s license, birth certificate or school issued ID.
  • Parent/Guardian picture identification, such as a driver’s license or passport, social security number, address, phone number and email address.
  • An initial deposit (cash or check).

Ready to get started with a Children's Savings Account? Here's what comes next!

Visit one of our branches to open an account. 

To open a children's savings account, please provide the following:

  • Child’s name, birth date, social security number and form of ID.
    • Acceptable forms of ID include, passport, social security card, state ID, driver’s license, birth certificate or school issued ID.
  • Parent/Guardian picture identification, such as a driver’s license or passport, social security number, address, phone number and email address.
  • An initial deposit (cash or check).
 
 
 
 
 
 
 
 
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