Personal

Savings

Personal Savings

Savings the way you have always known it!

  • $100 minimum opening balance (No minimum opening balance for minor accounts)
  • $200 average daily collected balance to avoid a monthly maintenance fee of $5.00 (For minor accounts, fee is waived until age 22)
  • Interest rates are subject to change at any time
  • Interest is compounded and credited to the account quarterly
  • No more than six transfers and withdrawals, or a combination of such can be made per monthly statement cycle from this account to another or to third parties by preauthorized, automatic, telephone, online banking, debit card, or similar order
For account details click here.

Platinum Money Market Account

If you’re looking for a money market that is tiered for growth, then the Platinum Money Market is for you.

  • $1,000 minimum opening balance
  • $1,000 daily collected balance to avoid a monthly charge of $10.00
  • Tiered interest rates are subject to change daily.
  • Interest is compounded and credited to the account each month.
  • No more than six transfers and withdrawals, or a combination of such can be made per monthly statement cycle from this account to another or to third parties by preauthorized automatic, telephone, online banking, check, draft, debit card, or similar order.
For account details click here.

Premium Money Market Account

Earn interest on this account designed for higher balances.

  • $10,000 minimum opening balance
  • No monthly maintenance fee
  • Tiered interest rates are subject to change daily.
  • Interest is compounded and credited to the account each month.
  • No more than six transfers and withdrawals, or a combination of such can be made per monthly statement cycle from this account to another or to third parties by preauthorized, automatic, telephone, online banking, check, draft, debit card, or similar order.
  • To open the Premium Money Market Account you must also have your primary checking account with BankIowa. Minimum balance to open a BankIowa checking account is $100.
For account details click here.

Christmas Club Account

Enjoy the fun of gift giving without the worry of ruining the budget.

  • No minimum balance or monthly maintenance fee
  • On or about November 3rd of each year the balance of the account plus interest will be transferred to your primary funding account.
  • Interest is compounded and credited November 1
  • Automatic transfers into account from your BankIowa checking or savings; minimum transfer of $5.00 weekly, $10.00 bi-weekly or $20.00 monthly.
For account details click here.

Health Savings Account

If you are covered by a High Deductible Health Plan*, check out the advantages of a BankIowa Health Savings Account (HSA).

  • Tax-free health expenses**
  • Automatic annual rollover with no time limits on usage
  • Free Debit Card
  • Competitive interest rates
  • Local availability and assistance for answering questions

*A High Deductible Health Plan (HDHP) is an insurance policy with a high deductible and usually a lower premium. It can be combined with a Health Savings Account to pay expenses toward the deductible with tax-free dollars. **Consult your tax advisor for tax deductibility.

For account details click here.