Online Banking is temporarily unavailable.

Our Online Banking is shedding its old skin to become new and improved. To make the transition, the service will be down for maintenance from 5pm, July 7 to 9am, July 8. We apologize for any inconvenience this may cause.

Online Banking is temporarily unavailable.

Our Online Banking is shedding its old skin to become new and improved. To make the transition, the service will be down for maintenance from 5pm, July 7 to 9am, July 8. We apologize for any inconvenience this may cause.

Online Banking is temporarily unavailable.

Our Online Banking is shedding its old skin to become new and improved. To make the transition, the service will be down for maintenance from 5pm, July 7 to 9am, July 8. We apologize for any inconvenience this may cause.

Personal Banking
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Certificates of Deposit (CDs)

Maturity takes time.

Andover State Bank offers certificates of deposit with flexible maturity terms and varying rates.

  • Interest compounds daily and is credited monthly
  • Interest payment options: reinvest, deposit into another account or paid directly to you
  • CDs automatically renew at the current rate when they mature, once the term expires, there is a 10 calendar day grace period to add or change the term with no penalty
  • Pair your CD with one of our Propel Checking Accounts for a one-time $2,500 withdrawal from your CD with no penalty

Jump CDs

Take advantage of the opportunity to increase your rate by opening a JUMP CD. If the published rate is increased on this CD, you may make a one time “jump” to the higher rate at any time during the term of the CD.

Term APY** Opening Deposit
90 Day CD 0.25% $2,500.00
6-month CD 0.35% $2,500.00
12-month CD 0.50% $1,000.00
24-month CD 0.80% $1,000.00
24-month JUMP CD** 0.75% $1,000.00
36-month CD 0.95% $1,000.00
48-month CD 1.10% $1,000.00
60-month CD 1.35% $1,000.00
Individual Retirement Accounts (IRAs)

Retire worry-free.

Start saving for retirement today. IRAs are a tax-saving tool available to help you maximize your retirement funds.

  • Traditional and Roth IRAs available
  • No application, set or maintenance fees
  • Tax free or tax deferred earnings*
  • Tax free or tax deferred earnings*
Term APY** Opening Deposit
12-month CD 0.50% $1,000.00
24-month CD 0.80% $1,000.00
36-month CD 0.95% $1,000.00
48-month CD 1.10% $1,000.00
60-month CD 1.35% $1,000.00

*Consult your tax advisor about deductibility of contributions and other tax benefits.

**Annual Percentage Yields (APYs) quoted are accurate as of 3/26/2014 and are subject to change without notice. Rates may change after the account is opened. Fees could reduce earnings. Penalties for early withdrawals.