Savings Accounts
Welcome to the Savings Account Hub at Iowa Falls State Bank, your trusted partner in financial prosperity. We are an Iowa bank that can help you grow your money over time with our safe and convenient personal savings accounts. Whether you want to save for a rainy day, a particular goal, or building wealth over time, we offer the best savings accounts to fit your needs. We understand the importance of a strong financial foundation, and that’s why we are proud to be one of the leading choices among banks in Iowa Falls. We offer different savings account features including competitive interest rates, online banking, flexible saving options, and secure storage that is FDIC-insured. Explore our various options of savings accounts and take a step to start growing your financial potential.
Accessible
Funds
Iowa Falls and Williams locations
Direct deposits
ATMs
Saving
Opportunities
Competitive Interest Rates
Low Minimum Balance
No monthly fee
Online
Banking
Check your savings account balance
Remote deposit checks
Transfer money
Type | Interest Rate ² | APY ¹ | Min. Bal. |
|---|---|---|---|
Simple Savings | 1.00% | 1.00% | $1 |
Super Saver | 1.00% | 1.00% | $1,000 |
1.15% | 1.16% | $10,000 | |
1.20% | 1.21% | $25,000 | |
Types of Savings Accounts
Simple Savings Account
Minimum opening balance – No minimum to open
Minimum balance requirements to earn interest – $1
When is interest paid – Interest will be compounded and credited to your account every 6 months
How is interest paid – Variable interest rate
Monthly Service Charge: No monthly service charge
Transaction limit – You are permitted six (6) debit card transactions (withdrawal, check paid, automatic transfer, or payment out of this account) per month. Excess of six (6) will result in a service charge of $5 per additional debit transaction.
Super Saver Account
Minimum Opening Balance – $1,000
Minimum balance requirements to earn interest – $1,000
When is interest paid – Interest will be compounded and credited to your account every month
How is interest paid – Variable interest rate, tiered based on daily balance
Monthly Service Charge: No monthly service charge
Transaction limit – You are permitted six (6) debit transactions (withdrawal, check paid, automatic transfer, or payment out of this account) per month. Excess of six (6) will result in a service charge of $1 per additional debit transaction.
Identification Required
You will need one of each primary and secondary forms of identification to open a savings account at our financial institutions.
● Unexpired Driver’s License bearing the individual’s photograph
● Unexpired Passport bearing the individual’s photograph
● Unexpired State Photo Identification Card
● Current Military Identification Card
● Alien Registration Card
● Certified copy of birth certificate for persons 16 or younger unable to present other acceptable documents and a student ID card
● Social Security Card
● Medicare, Medicaid or other insurance card
● Voter Registration Card
● Property Tax Bill
● Major Credit Card
● Matricula Consular Card (Mexican National ID Card)
Side by Side Comparison of Our Savings Accounts
Choosing the best savings account is essential for expanding your financial potential. This side-by-side comparison details what local banking can offer for savings accounts to meet your specific needs. Whether you are seeking savings accounts with interest, no minimum to open, or additional perks like no monthly fee, conducting a side-by-side comparison allows you to weigh the pros and cons of our personal savings accounts, ensuring that your hard-earned money works effectively for your future.
Simple Savings Account | Super Saver Account | Minimum Opening Balance | No minimum to open | $1,000 |
|---|---|---|
Minimum Balance to Earn Interest | $1 | $1,000 |
When is Interest Paid | Interest will be compounded and credited to your account every 6 months | Interest will be compounded and credited to your account every month |
How is Interest Paid | Variable interest rate | Variable interest rate, tiered based on daily balance |
Minimum to Avoid Fee | No minimum | No minimum |
Monthly Fee | No monthly service charge | No monthly service charge |
Transaction Limit | You are permitted six (6) debit card transactions (withdrawal, check paid, automatic transfer, or payment out of this account) per month. Excess of six (6) will result in a service charge of $1 per additional debit transaction | You are permitted six (6) debit card transactions (withdrawal, check paid, automatic transfer, or payment out of this account) per month. Excess of six (6) will result in a service charge of $5 per additional debit transaction |
Still not sure which one is best for you?
Stop in, give us a call at (641) 648 – 5171, or click here to fill out the form and we will reach out to you to help you find the best savings accounts for your needs!
The Patriot Act
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. In addition, we may also ask to see your unexpired driver’s license or other identifying documents.
Account Opening for a Legal Entity
We are required to ask you for identifying information (name, address, date of birth, social security number, as well as identification documents) for:
➣ Each individual that has beneficial ownership (25% or more)
➣ One individual who has significant managerial control of the Legal Entity
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.