Business

Savings

Commercial Savings Money Market Platinum Money Market Premium Money Market**
Designed to help you save and earn interest Earn higher interest on a higher balance amount Put your savings to work for you by earing an even higher rate of interest Earn interest on this account designed for high balances
Opening Balance Requirement $100 $1,000 $1,000 $10,000
Minimum balance to avoid monthly service charge $200 average daily collected $1,000 average daily collected $1,000 daily collected N/A
Monthly service charge if balance falls below minimum balance requirement $3 $10 $10 N/A
Interest Computation Method Daily Daily Daily Daily
Interest Crediting and Compounding frequency Quarterly Quarterly Quarterly Quarterly
ATM & Debit Card Available With linked checking account and approval for debit card With linked checking account and approval for debit card With linked checking account and approval for debit card With linked checking account and approval for debit card
Transaction Limitations* 6 pre-authorized withdrawals/month 6 pre-authorized withdrawals/month 6 pre-authorized withdrawals/month 6 pre-authorized withdrawals/month
Other EFT/ATM withdrawal fee of $1.00 for each ATM withdrawal or transfer from the account in excess of eight per month EFT/ATM withdrawal fee of $1.00 for each ATM withdrawal or transfer from the account in excess of eight per month EFT/ATM withdrawal fee of $1.00 for each ATM withdrawal or transfer from the account in excess of eight per month EFT/ATM withdrawal fee of $1.00 for each ATM withdrawal or transfer from the account in excess of eight per month
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*Included in the 6 debits/month: automatic transfers to another account or to third parties by preauthorized, automatic, telephone, online banking, or check. Unlimited in-person withdrawals, ATM cash withdrawals and automatic loan payments to your loan with us.**To open the Premium Money Market account you must also have your primary checking account with BankIowa. The minimum balance to open a BankIowa checking account is $100.