Account Comparison
| Account Type | Business Savings | Money Market Savings |
|---|
| Minimum to Open |
$100.00 Minimum Deposit to Open |
$100.00 Minimum Deposit to Open |
| Minimum Balance |
$100.00 Average Daily Balance1 to Avoid Maintenance Fees
$500.00 Average Daily Balance1 to Avoid Debit Fees |
$1,000.00 Average Daily Balance1 to Avoid Maintenance Fees |
| Maintenance Fees |
$5.00/month Maintenance Fee if average daily balance1 falls below $100.00 and a debit fee of $1.00 will be charged for each debit transaction2 in excess of 6 per month if average daily balance1 falls below $500.00 for the monthly statement cycle. |
$10.004/month Maintenance Fee if average daily balance1 falls below $1,000.00 and a debit fee of $5.004 will be charged for each debit transaction2 in excess of 6 per month regardless of balance maintained. |
| Transaction Limitations |
N/A |
N/A |
| Dormant Fee |
$5.00/month with no activity for 12 months if average daily balance1 falls below $500.00 |
$5.004/month with no activity for 12 months if average daily balance1 falls below $500.00 |
| Interest Rate3 |
See Rates |
See Rates |
1The average daily balance is calculated by adding the principal in the account each day of the period and dividing that total by the number of days in the period.
2Debit transaction means any withdrawal, check paid, automatic transfer or payment out of this account.
3At our discretion, the interest rate and annual percentage yield may change weekly. Interest will be compounded daily. Interest will be credited to your account monthly. Interest begins to accrue on the business day you deposit noncash items (i.e. checks). We use the daily balance computation method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest rate and annual percentage yield may change.
4This fee is subject to Iowa State Sales Tax
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