SAVINGS
Cash Management Account ** NOT FDIC
Insured **
This investment account lets you increase your earnings by
automatically transferring your cash reserves into an interest
bearing Cash Management Account. |
- Collected balances over $50,000 in the commercial account
are invested into the Cash Management Account.
- Money would automatically be transferred back if the account
drops below $50,000.
- No monthly service charges.
- Monthly statement is provided for easy record keeping.
- Interest is paid monthly to the Cash Management Account.
- A business checking account with Iowa State Bank is required.
- Limited to commercial accounts only.
- The Cash Management Account is NOT FDIC INSURED.
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Passbook Savings |
- Open this account with just $100.
- $200 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 $200.00.
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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 post 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.
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