At Iowa Trust and Savings Bank, our Savings Accounts are designed to accommodate diverse financial needs.  A variety of choices are available to customers.  Following are list of choices designed to help you achieve your savings goal. 
 
Investors Choice Savings*: 
 
A high yield savings account that requires a minimum balance of $5,000.  This account earns a variable rate of interest.  Accounts falling below $5,000 during a statement cycle will be charged a $10.00 monthly maintenance fee and the interest will drop to the current variable NOW account rate. 
 
Regular Savings*: 
 
Requires no minimum balance.  There is a $2.00 monthly maintenance fee charged to accounts with balances below $100.  Accounts owned by persons under the age of 18 will not be charged any fees. 
 
Christmas Club Accounts: 
 
A variety of savings plans are available.  Earns a variable rate of interest with no service charges.  The customer is only allowed to make one withdrawal during the 50 week period.  Checks are issued the last week of October and mailed to you.  Interest will be compounded annually and will be credited to the account annually. 
 
 
Money Market Account 
 
HIFI Money Market Account*: 
 
Earns a variable rate of interest, based on the daily account balance.  Requires a minimum daily balance of $2,500.  If the balance falls below $2,500 during the statement cycle, there will be a $10.00 monthly maintenance fee and the interest rate drops to the variable NOW account rate.  A monthly statement is provided and imaged items are held in safekeeping. 
Preauthorized (including automatic) transfers of funds are restricted to a maximum of six per month.  Telephone transfers, or transfers to another account of yours are regarded as preauthorized transfers. 
 
The minimum balance to open an interest bearing account will be the specific minimum balance requirement for  
that type of account.   
*Unless otherwise noted, interest on accounts is compounded monthly and paid to the account monthly. 
The interest rate on accounts can change at the banks discretion.  We may change the interest rate on your account  
daily without notice. 
Interest on your check deposits begins to accrue on the business day we receive credit for the items. 
The daily cut-off time for activity on that days business is 3:00 p.m. 
 
 
FDIC
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