An account designed for the small company that writes less than 50 checks per month and deposits less then 100 items per month.
An account that is ideal for companies that routinely receive and write a large number of checks. A monthly analysis of your balance and activity determines the total amount of fees assessed to your account. An earnings credit is calculated giving you the ability to offset your monthly charges.
Minimum Balance
None
None
Monthly Maintenance
$1.00
$5.00
Check Charges
$.15 per check
$.15 per check
Deposit Items
Checks Drawn on our Bank
Free
Free
In Region
Free
$.0715
In District
Free
$.0715
Out of District
$.08
$.10
Returned
Deposit Item
$3.00
$3.00
Stop Payment
$20.00
$20.00
Wire Transfer In
Free
Free
Wire Transfer Out
$20.00
$20.00
Overdraft
$20.00
$20.00
Earnings Credit
10¢ per $100 minimum balance
Calculated using the prior month's average
for the 3-month Treasury bill rate.
Reserves
None
12.00%
Above fees are all per item charges unless otherwise indicated.
Closing fee of $30.00 applies to all accounts closed within 90 days of opening date.
For complete list of services and fees contact your Personal Banker.
SAVINGS
MONEY MARKET
For those who want ...
Traditional Savings
Money Market Savings
Minimum to Open
$100
$1,000
Minimum Requirements to Avoid Fees
$100 minimum;
$250 average
$1,000 minimum;
$2,500 average
Below Minimum Check Safekeeping
Checks Returned
$2.00/month
$10.00/month
$10.00/month
Interest
Variable rate;
Paid monthly
Variable rate;
Paid monthly
Check Writing
Limited to six preauthorized debits/month
Limited to six preauthorized debits/month; 3 by check
Additional Features
Quarterly statement; Monthly if electronic transfers
Monthly Statement
Rate increases with balance:
Up to $5,000
$5,000 – $24,999
$25,000 – $49,999
$50,000 – and above
All account fees are subject to Iowa sales tax. Fees may reduce earnings on the account. Closing fee of $30.00 applies to all accounts closed within 90 days of opening date.
Setting up with a Tranz 330 transaction system gives your business a fast, low-cost way to accept, authorize, and process credit and debit card sales.
Simply imprint your customer’s card or write the card number on the sales slip. This program is ideal for telephone sales.
A TouchTone telephone is the only equipment you need to get efficient, cost-effective authorization. It is easy and reliable. SHAZAM® will automatically close the batch for your business at the end of the day.
• Drive-up Facilities
• Night Deposit
• ACH Origination
• Wire Transfers
• Commercial Loans
• SBA Guaranteed Loans
• Business Money Market
• Merchant Credit Card Program
• Bank by Mail
• Safe Deposit Boxes
• Certificate of Deposit
