American Savings Bank (OH) Adds 39-Month CD Special


Availability: Market area includes Butler and Warren Counties, Ohio.

American Savings Bank began the month by adding a 39-month CD Special (2.00% APY). This limited time offering requires a minimum opening deposit of $5k; there is no stated balance cap.

The 39-month CD Special is also being offered as an IRA (Traditional) earning the same APY, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 39-month CD Special is six months of interest.


Headquartered in Middletown, Ohio (approximately halfway between Cincinnati and Dayton), American Savings Bank market area is primarily Butler and Warren Counties. (Middletown is one of the few smaller US cities that are situated in two different counties.)

Opening the 39-month CD Special (or any other new account) requires an in-person visit to either of two Ohio branches, both located in Middletown. Currently, American Savings Bank’s online banking platform is limited to account management and bill payment services.

Note: There are two American Savings Banks in Ohio located 95 miles apart, but other than sharing the same name, there is no relationship between the two institutions.

Bank Overview

American Savings Bank (FDIC Certificate # 29899) has an overall health rating of "B+" at, with a Texas Ratio of 0.66% (excellent) as of June 30, 2016 data. American Savings Bank has an excellent capitalization level of 20.57%, the result of holding $38.79 million in assets with $7.98 in equity. Please refer to our financial overview of American Savings Bank for more details.

Located in Middletown, American Savings Bank was established in 1889 as the American Savings and Loan Association; the Bank’s name was changed in 2000. The city of Middletown was the home of Armco, a major steel works founded in 1900 that provided for most of the economic growth in the area throughout the 20th century. As a community-oriented financial institution, American Savings Bank is currently Ohio’s 193rd largest bank, with assets in excess of $38 million.

How the CD Compares

When compared to the 261 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available in the Bank’s market area, American Savings Bank’s 39-Month CD Special currently ranks first.

The above rates are accurate as of 11/8/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our Rates Map page.


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.