Savings Accounts

Compare Iowa State Bank Savings Accounts

	Regular Savings	Select Savings	Money Market Select Savings	Kool Kat Kids Klub	Junior Savings	Christmas/Vacation Club
Perfect for you if…	If you’re looking for a flexible savings account that’s easy to start with.	You’re ready to step up to a premium account with higher interest rates.	You want the ultimate in both interest rate earned and accessibility.	You have a child age 3-12 and you want to start a savings account for them that also teaches the value of saving.	You have kids up to age 23 who want to start saving money.	You want to save specifically for that dream vacation or the busy holiday season.
Benefits & Important Things to Know	Minimum balance of $100; If you drop below the minimum balance, a fee applies.	Minimum balance of $5,000; interest rates increase at $25,000 and $50,000; If you drop below the minimum balance, a fee applies.	Write three checks per month; the higher your balance, the higher your earned interest rate. Minimum balance requirement of $10,000; If you drop below the minimum balance, a fee applies.	A free gift just for signing up; keep track of balance on special savings cards; enjoy rewards for deposits; exclusive invitations to special events! No service charge or minimum balance requirement.	No service charge or minimum balance requirement until age 23; we’ll add $1.00 on your child’s birthday through age 12.	Make deposits weekly or monthly and earn interest until your vacation or the holidays; balance is transferred to another Iowa State Bank account.

Health Savings Accounts

Healthcare expenses often come with no warning. For those times, it’s important to have money saved to cover your expenses and bridge the gap before the deductible on your health insurance kicks in. With a Health Savings Account (HSA) from Iowa State Bank, you’re prepared for healthcare expenses, whenever they come up. HSA qualification criteria include:

•  You must be covered by a high deductible health plan.
•  You cannot also be covered by a health plan with a lower deductible.
•  You cannot be enrolled in Medicare (or generally, older than age 65).
•  You cannot be a dependent claimed by someone else.

Once you’re enrolled in an HSA, you can take advantage of the following benefits:

•  Tax benefits may apply (please consult your tax advisor for more information).
•  Balances roll over from year to year – no “use it or lose it” scenarios.
•  Employers may also make contributions (check with your employer’s human resources personnel).
•  Payments are made through checks provided or by your Health Savings Account debit card.

For 2022, eligible account holders can generally save as much as $3,650 for an individual and $7,300 for a family on an annual basis. Contributions for account holders aged 55 and older vary. For 2023, eligible account holders can generally save as much as $3,850 for an individual and $7,750 for a family on an annual basis.

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IntraFi Money Market Accounts⁺

If you’re looking for an account that offers FDIC protection on balances over the standard $250,000, an IntraFi Network Deposit account is a great option. IntraFi Network Deposits offer FDIC insurance on multi-million-dollar deposits and allow you to maintain your relationship with your local bank. Most importantly, you can continue to earn interest on your balances.

With the IntraFiSM Network Deposits service, you can:

• Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
• Save time. Work directly with just our bank—a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
• Earn interest. Put excess cash balances to work in interest-bearing savings accounts (money market deposit accounts).

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Smart Banking – Benefits for Our Customers

Smart Banking is a service that rewards you with several benefits. All you need to do is have $15,000 in combined deposits with Iowa State Bank via a checking, savings or certificate of deposit account. Benefits include:

Earn interest on your checking account with no minimum balance requirement (if your total deposit relationship falls below $15,000, a fee applies).

•  FREE Iowa State Bank personalized checks or 20% discount on other check designs.
•  FREE debit card.
•  No fee for check images, OR we’ll keep your checks, if you prefer!
•  Earn a bonus rate on NEW certificates of deposit and exclusive special rate CDs!
•  Free stop payments.
•  Free overdraft protection transfers from another ISB account.
•  Trust and retirement planning services from ISB Trust Department.

*Some restrictions apply to avoid fees. See bank for details.

⁺Placement of funds through the IntraFi^SM Network Deposits service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. In the DDA-MMDA Option of the IntraFi Network Deposits savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before IntraFi Network Deposits settlement for a deposit or after IntraFi Network Deposits settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. DDA-MMDA Option of the INtraFi Network Deposits is a registered service marks of IntraFi Network^SM.