Deposit Rates

Deposit Rates

Certificates of Deposit*

Type
Interest Rate
APY**
Minimum Balance
7-month (special)
4.50%
4.57%
$1,000 renew at 12 month
13-month (special)
4.25%
4.31%
$1,000 renew at 12 month
19-month (special)
4.00%
4.05%
$1,000 renew at 24 month
12-month
3.25%
3.28%
$1,000
18-month
3.10%
3.12%
$1,000
24-month
3.00%
3.02%
$1,000
36-month
2.65%
2.67%
$1,000
48-month
2.60%
2.61%
$1,000
60-month
3.50%
3.53%
$1,000
Heritage CD*
2.50%
2.51%
$1
Minimum balance is $1,000, except special CD rates and the Heritage CD ($1 minimum)
Certificates under 12 month terms compound at maturity, all other certificates compound semi-annually. 
There may be penalties for early withdrawal from certificates.
*Variable rate. The interest rate on Heritage Certificate is a variable rate.  No penalty for early withdrawal after child’s 18th birthday. Child must be 18 years or under at time of opening. 5 year term.
** APY – Annual Percentage Yield.  Fees could reduce earnings.  Withdrawal limitations apply.
Crystal Doering is the Iowa Falls State Bank's Senior Vice President, Marketing Director, and the Retail Manger. She is able to assist with opening all types of accounts.
Crystal DoeringSenior Vice President | Marketing Director | Retail Manager
Barb Heitland
Barb HeitlandAssistant Vice President | Assistant Retail Manager
Angela (Angie) Ziesman is one of our CRSs at Iowa Falls State Bank. A CSR is a someone who handles customer service and is an account representative.
Angela ZiesmanPersonal Banker

Health Savings 
Account*

Balance
Interest Rate
APY**
All Balances
3.00%
3.02%

Individual Retirement
Accounts

Type
Interest Rate
APY**
24-month IRA*
3.00%
3.02%
Minimum balance is $100.
*Variable Rate. Customers may choose a fixed rate from our 12, 18, or 24 month CD selection. There may be penalties for early withdrawal from retirement accounts.

First-Time Homebuyers
Savings Account*

Interest Rate
APY**
Min. Balance
2.00%
2.02%
$100

Money Market*

Balance
Interest Rate
APY**
$5,000 – $19,999
1.15%
1.16%
$20,000 – $49,999
1.50%
1.51%
$50,000 – $249,999
2.00%
2.02%
$250,000 and above
2.25%
2.27%

Savings Accounts*

Type
Interest Rate/APY**
Minimum Balance
Simple Savings*
1.00%
$1
Super Saver*
1.00%
$1,000
1.15%
$10,000
1.25%
$25,000

Checking Accounts*

Type
Interest Rate/APY**
Minimum Balance
Premium Checking*
0.50%
$1,000
0.60%
$50,000

Reward Checking

Customers receive 0.25% of eligible point of sale debit card transactions when a minimum of 10 debit card transactions are posted by the last business day of the month.  The reward credit rate is subject to change.  No minimum balance to open account.

Non-Profit Accounts**

Type
Balance
Interest Rate
APY**
Checking*
No minimum
2.27% APY**
Money Market
$0 – $50,000
2.25%
2.27%
$50,000 – $100,000
2.50%
2.53%
$100,000 – $250,000
3.00%
3.04%
$250,000 – $1,000,000
3.50%
3.56%
$1,000,000 +
3.75%
3.82%

*Interest rate is variable and may be changed at our discretion.
**APY = Annual Percentage Yield. Fees could reduce earnings. Withdrawal limitations apply.