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 for free savings accounts and take a step to start growing your financial potential.


●   Iowa Falls and Williams bank locations
●   Direct deposits
●    ATMs


●   Competitive Interest Rates 
●   Low Minimum Balance
●   No monthly fee


●   Deposits insured by FDIC
●   Front-line trained in detecting scams


●   Check your savings account balance
●    Remote deposit checks
●   Transfer money

Current Rates

Interest Rate/APY**
Minimum Balance
Simple Savings*
Super Saver*
*The interest rate is variable and may be changed at our discretion.
APY = Annual Percentage Yield. Fees could reduce earnings. Withdrawal limitations apply.

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
Minimum to avoid fee – No minimum
Monthly service fee – No monthly fee
Transaction limit – A service fee of $1 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a month
Monthly Statements – Print statements are mailed out quarterly, E-Statements available on mobile or online

Super Saver Account

Minimum Checking Account Balance: None
Monthly Service Fee: No service charge when you sign up for e-statements and have at least 10 debit card purchases posted during the statement cycle. $5 per month if the criteria is not met.
Reward Credit: The Rewards Credit is calculated as 0.25% the total point of sale debit card transactions posted to the account between the first and last business day of the month. Reward credit percentage rate is subject to change.
Monthly Statement: E-statements required; check image (s) not returned.
Checks Provided: No

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.

Super Saver Account
Simple Savings Account
Minimum Opening Balance
No minimum to open
Minimum Balance to Earn Interest
When is Interest Paid
Interest will be compounded and credited to your account every month
Interest will be compounded and credited to your account 6 months
How is Interest Paid
Variable interest rate, tiered based on daily balance
Variable interest rate
Minimum to Avoid Fee
No minimum
No minimum
Monthly Fee
If account balance falls below $1,000, interest is not paid
No monthly fee
Transaction Limit
A service fee of $5 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a month
A service fee of $1 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a month

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.