Personal Savings

Introducing the ASB Health Savings Account (HSA)

The Atlantic Stewardship Bank HSA is a tax-advantaged personal savings account that works with a high deductible health plan. It can be used to pay for current health expenses and to save for future qualified medical and retiree health expenses on a tax-free basis.

To learn more visit www.asbhsa.com

Statement Savings

- A traditional savings account with a quarterly statement

  • Initial deposit of $50 to open
  • Interest credited quarterly and a $50 minimum daily balance is required to earn interest
  • Monthly statements if combined with a checking account under our Stewardship Statement product. Otherwise statements are prepared quarterly
  • A $5 monthly service fee is assessed if the daily balance falls below $50
  • Available to individual consumers, businesses, and non-profit organizations
  • Custodian accounts opened under the New Jersey Uniform Transfers to Minors Act are free of monthly service fees
  • No fee online banking with the ability to view savings activity
  • Limit of six (6) preauthorized transfers from the account during each monthly statement cycle.  $20 per item charge will be assessed beginning with the seventh (7th) transfer
  • There will be a $10.00 charge should the account be closed within 45 calendar days of opening.
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Save It @ Atlantic Stewardship Bank Kids Statement Savings

- An account for kids - Great way to start saving

  • Initial deposit of $1.00 to open account
  • No monthly service fee
  • Pays a premium rate of interest
  • Each new account opened will receive a free Coin Bank and a choice of coloring book.

The Save it @ Atlantic Stewardship Bank Kids Statement Savings account is available to children ages 0-18. At age 19, the account converts to a regular statement savings. A $1.00 daily minimum balance is required to earn the APY.

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Christmas Clubs / Holiday Clubs

- A terrific way to save for your holiday gifts.

  • Minimum deposit of $2 to open and $2 minimum daily balance to earn APY
  • Must open one of our attractive checking products
  • Payments are automatically transferred from your checking account to your Holiday Club
  • Add extra amounts to your club at anytime
  • At maturity, Holiday Club balance will be automatically credited to your checking account
  • A $10 fee will be assessed and all interest earned on the account will be forfeited when the Club closes early
  • New clubs can be established at any time
  • Club accounts automatically renew in October of each year
  • Transfers can be weekly, bi-weekly or monthly.
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Individual Retirement Accounts (IRA)

- A convenient way for customers who qualify to provide for their retirement.

  • Three options are available to best suit your retirement and education needs.
    • Traditional: A special tax deferred savings plan authorized by the Federal Government to encourage you to accumulate money for retirement.
    • Roth: Contributions are not deuctible, but distributions (including earnings) can be tax free if certain circumstances exist.
    • Coverdell Educational Savings: Formerly known as Education IRAs, these accounts are an ideal way for you to begin saving money to help a child, grandchild, or any young person you know pay for higher education expenses.
    If you would like additional information on any of these IRAs, please email us
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IRA Variable Rate Savings Account

  • Minimum deposit of $50 to open, and minimum daily balance of $50 to earn APY
  • No monthly service fee
  • Additional deposits in the amount of $50 or more may be made at any time
  • Preauthorized transfers from the account are not permitted
  • See your IRA or other tax qualified plan disclosure
  • Fees could reduce earnings
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Atlantic Money Market Account (AMMA)

- A money market account with limited check writing capability.

  • Variable interest rate money market
  • Minimum deposit and minimum daily balance requirement of $1,500 for personal accounts and $5,000 for business accounts to avoid the $10 monthly service fee
  • Limit of six (6) preauthorized transfers from the account during each monthly statement cycle, all of which may be third party checks or similar order. A $20 per item charge will be assessed beginning with the seventh (7) transfer.
  • Check images available through Online Banking
  • Interest is earned using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Interest is credited monthly, provided the daily balance does not fall below the minimum balance requirement.
  • A monthly statement with a description of all transactions is provided.
  • There will be a $10.00 charge should the account be closed within 45 calendar days of opening.
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Premium Growth Account (PGA)

- A tiered money market account. A solid investment in liquid form.

  • Offers tiered interest rates based on your entire balance:
    • First Tier: $1 - $ 24,999
    • Second Tier: $25,000 - $ 49,999
    • Third Tier: $50,000 - $249,999
    • Fourth Tier: $250,000 - $499,999
    • Fifth Tier: $500,000 - $999,999
    • Sixth Tier: $1,000,000 and up
  • Minimum deposit of $10,000 to open.
  • Minimum daily balance requirement of $10,000 to avoid $10 monthly service fee
  • Limit of six (6) preauthorized transfers from the account during each monthly statement cycle, three (3) of which may be third party checks or similar order. A $20 per item charge will be assessed beginning with the seventh (7) transfer
  • Minimum check amount of $500 required.
  • Check images are not returned with monthly statements
  • Interest is earned using the daily balance method. This method applies a daily periodic rate to the entire principal in the account each day. Interest is credited monthly.
  • A monthly statement with a description of all transactions is provided.
  • There will be a $10.00 charge should the account be closed within 45 calendar days of opening.
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