Business Savings Accounts

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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 Balance^⊕ to Avoid Maintenance Fees $500.00 Average Daily Balance^⊕ to Avoid Debit Fees	$1,000.00 Average Daily Balance^⊕ to Avoid Maintenance Fees
Maintenance Fees	$5.00/month Maintenance Fee if average daily balance^⊕ falls below $100.00 and a debit fee of $1.00 will be charged for each debit transaction^∇ in excess of 6 per month if average daily balance^⊕ falls below $500.00 for the monthly statement cycle.	$10.00^φ/month Maintenance Fee if average daily balance^⊕ falls below $1,000.00 and a debit fee of $5.00^φwill be charged for each debit transaction^∇ 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 balance^⊕ falls below $500.00	$5.00^φ/month with no activity for 12 months if average daily balance^⊕ falls below $500.00
Interest Rate^§	See Rates	See Rates

⊕The 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.

∇Debit transaction means any withdrawal, check paid, automatic transfer or payment out of this account.

§At 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.

φThis fee is subject to Iowa State Sales Tax