NEW CASTLE, Ind. (June 19, 2009) As a growing number of Americans prepare for economic uncertainty, the Bureau of Economic Analysis shows they are saving more money. Recognizing this trend but also acknowledging saving money is not an easy task, Ameriana Bank designed a product to help consumers save.
The "Loadable" CD puts a twist on the traditional Certificate of Deposit. It offers a higher interest rate than a savings account with the flexibility to add money at any time.
"We understand that saving money isn't always easy," said Tim Clark, Ameriana Chief Operating Officer. "But with the Loadable CD, you can start with as little as $500, add a little money every month and watch the CD grow into a much larger amount. It's a great, disciplined savings tool."
The Loadable CD is available at all Ameriana Bank locations. For more information, please call (800) 487-2118.
Ameriana Bancorp is a bank holding company. Through its wholly owned subsidiary, Ameriana Bank, SB, the Company offers an extensive line of banking services and provides a range of investments and securities products through banking centers in the central Indiana area. Ameriana Bank owns Ameriana Insurance Agency, a full-service insurance agency, Ameriana Financial Services, which offers securities and insurance products through LPL Financial (Member FINRA/SIPC), and Ameriana Investment Management.