Time Certificates: 
 
We offer a wide variety of certificates of deposit. The minimum balance to open a certificate of deposit is $1,000.  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  A penalty may be imposed for early withdrawal of time certificates.  Fees could reduce earnings on the account.  Time certificate terms are as follows: 
 
91 days, 5 months, 182 days, 7 months, 9 months, 12 months, 15 months, 18 months, 24 months, 27 months, 30 months, 36 months, 48 months and 60 months. 
 
For more information regarding time certificates and rate information, please contact a Financial Services Representative at 641-437-4500. 
 
 
Individual Retirement Accounts: 
 
Our Individual Retirement Accounts (IRAs) are all invested into certificates of deposit.  We offer a wide variety of certificate of deposit options for IRAs. The minimum balance to open a fixed rate IRA is $1,000.  We use the daily balance method to calculate interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  A penalty may be imposed for early withdrawal of time certificates.   
 
For more information regarding Individual Retirement Accounts (IRAs) as well as rate information, please contact a Financial Services Representative at 641-437-4500. 
 
A penalty may be imposed for early withdrawal of time certificates.  Fees could reduce earnings in the account. 
 
 
Health Savings Account: 
 
Iowa Trust and Savings Bank’s health savings accounts are designed to help you save for future qualified medical and health expenses on a tax –advantaged basis.  To participate in a HSA,  you must be enrolled in a high-deductible health plan.  To find out if you qualify, please consult with a tax professional. 
 
We offer Health Savings Accounts (HSAs) for individuals as well as families.  This account is a checking account.  No minimum balance is required.  There are no monthly maintenance fees.  Free checks are provided with this account. Debit cards are available by application for $1.00 per month.  Monthly account statements are provided.  Imaged items are returned with the statement.  These accounts are interest bearing accounts.   
 
The interest rate and the annual percentage yield (APY) may change.  At our discretion, we may change the interest rate on the account daily without notice.  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  Interest will be compounded monthly and will be credited to the account monthly. 
 
For more information regarding Health Savings Accounts (HSAs) as well as rate information, please contact a Financial Services Representative at 641-437-4500. 
 
 
FDIC
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