Everything YOU want:
Competitive account features coupled with
convenience!
One of our goals is to provide you with the
best personal checking and savings account and services available.
Choose the features that are best for you and WE WILL MAKE
IT HAPPEN!
E-Deposit
Save time and money by electronically
capturing and processing your check deposits. If you are a business
that is looking to reduce courier cost, reduce trips to the bank,
or just allow funds to be available sooner, E-Deposit
may be the service you have been looking for.
Internet
Banking with Cash Management
If you are a business or organization
who needs more control than our standard Internet Banking services
can provide, please contact us about our Cash Management services.
We can help you with processing electronic ACH files, money ordering
tools and greater user account control.
|
Checking Account
Features
|
BUSINESS BASIC |
BUSINESS ANALYSIS |
| For those who want ... |
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 drawn on Central Bank
|
Free |
Free |
Deposit Items NOT Drawn on
Central Bank |
Free |
$.0715 |
|
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 |
$25.00 |
$25.00 |
| 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.
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FDIC Insurance Coverage
Are you confused about FDIC Insurance
coverage? Would like to find out what is insured? Use the FDIC's
Electronic Deposit Insurance Estimator (EDIE) for more information.
|
Savings Account
Features
|
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 quarterly
|
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. |
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