SAVINGS

Kids Savings Calculator

Minor Passbook Savings (Under age 18)

Open this account with just $10. $10 minimum daily balance required. If account drops below minimum balance requirement, a $3.00 monthly service charge will be assessed. Six free debits per month, $1 service charge for each debit above six. Interest is compounded semi-annually and credited to the account on April 30th and October 31st. No interest will be earned on the day(s) the account is below $10.00.

Holiday Savings This “deposit only” account offers a convenient way to plan for your holiday shopping. It’s a great way to pay cash and eliminate any excess strain on your credit cards.

Open this account with just $10. To encourage savings to be held until the holiday, no withdrawals are allowed from this account. On November 10th, the bank will mail you a check for the balance in the account plus the amount of interest earned. A $3.00 annual fee will be applied when your check is issued.  You can avoid this fee by having the balance automatically deposited into another Iowa State Bank Checking or Savings account. This account automatically renews, even though your account will be at a zero balance after the cutoff date. Simply make a deposit to begin saving for next year. A $5.00 service charge will be assessed if a withdrawal is made prior to November 10th. No interest will be paid if the account is closed prior to the cutoff date.

Invest@Home Money Market Savings This savings account offers accessibility to funds, competitive interest rates, monthly compounding of interest, and FDIC insurance.

Open this account with $1,500. $1,500 minimum daily balance avoids a monthly service charge. A $10.00 monthly service fee will be assessed if you drop below the balance requirement. Account is limited to six debits per month, 3 by check, $10.00 service charge will be assessed if more than six debits are posted to the account per month. Interest is compounded and paid to the account monthly. Rates are tiered to earn higher interest on higher balances. No interest will be earned on the day(s) the account is below $1,500.