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Product Overview
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Product
Features
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Business
Analysis Checking
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Time
Certificates of Deposit
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Savings
Accounts
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Commercial
Loans
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Free
Online Banking
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X
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X
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X
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X
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Free
Tele Banking
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X
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X
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X
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X
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Free
ATM or Debit Card
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X
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X
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Direct
Deposit capabilities
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X
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X
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Direct
Payment capabilities
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X
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X
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X
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X
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Receive
check images back by mail
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X
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Coin
/ Currency Service
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X
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X
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X
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X
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Merchant
Processing
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X
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X
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Wire
Transfer
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X
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X
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Visa
/ Mastercard
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X
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X
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X
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X
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Retirement
accounts
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X
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X
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X
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X
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Safe
Deposit Boxes
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X
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X
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X
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X
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Night
Depository
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X
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X
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X
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Business
Retirement Accounts
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X
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X
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X
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X
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Important
Information About Opening An Account
On September
11, 2001, our lives changed forever. In an effort to protect
you and our country, the USA PATRIOT Act was signed into law.
To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all financial institutions
to obtain, verify and record information that identifies each
person who opens an account.
When you open
an account, we will ask for your name, address, date of birth
and other information that will allow us to identify you. We
may ask to see your driver’s license or other identifying
documents.
We
proudly support all efforts to protect and maintain
the security of our customers and our country.
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Checking
Provides all
of the advantages of a regular checking account for record keeping,
convenience of payment, safety and IRS records. Various check forms
are available for specific purposes and businesses. Credit is earned
on the qualified balance to offset transaction charges.
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Savings
An account which
draws interest
and is paid monthly. You will receive a quarterly statement unless you have a checking account in which statements are received monthly. Minimum
balance of $100.00.
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Certificates
of Deposit
We can design
a rate
and maturity for your specific needs. Standard maturities 6 month,
1 year, 2 year, and 3 year. Federal regulations require a substantial
penalty for early withdrawal. Minimum balance required.
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Credit Cards
Iowa Savings
Bank is proud to offer you a locally serviced credit card. Any questions
you have about your card can be answered by calling or stopping
in at the bank! Like to view your statements online? Simply go to
www.mycardstatement.com
to view your transactions, statements and make payments to your
Iowa Savings Bank credit card.
Verified
By Visa is the new service – exclusively
for Visa cardholders that offers you added safety by helping ensure
that only you can use your Visa card online. You simply create a
unique password to confirm you identity.
There is no
need to get a new card. Verified by Visa works with your Iowa Savings
card. You will enjoy security when you buy online at participating
stores. Why not create your own password right now by going to http://www.visa.com/verified.
To apply for
the Iowa Savings Bank VISA or MasterCard, print out an online application and send it to the bank.
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The
Iowa Savings Bank Mastercard and Visa Benefits
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Toll
Free Travel Reservation Service
You
can save money while conveniently making any personal or business
transportation, lodging, cruise and tour reservations. The travel
Reservation Center is available to you 24hours a day 1-800-778-1725.
When you call, you will need to provide the travel ID number
found on your membership card. |
Bonus
Travel Dividends
Receive
coupons redeemable for a 5% dividend on all scheduled airline,
lodging, car rental, cruises, and tours purchased. Some exceptions
do apply. |
Auto
Rental Discounts
Save
up to 25% at most Hertz, Avis and National Car Rental locations. |
Credit
Card Registration
Register
all of your credit cards in one convenient place. Simply call
toll free 1-800-252-2514 to apply. |
Key
Registration
If
you should lose your keys, finder can simply drop them in a
mail box and keys will be returned to you, postage paid. |
Auto
Rental Insurance*
Unlike
other programs that require you to first submit a claim to your
personal auto carrier, Iowa Savings Bank provides a first line
of defense (PRIMARY) coverage due to a covered loss. It can
help keep your auto rates from increasing due to claims. |
Travel
Protection
As
a cardholder, you are automatically eligible to receive up to
$1,250 reimbursement for amounts paid for direct physical loss
or damage to Checked and/or Carry-On Baggage and personal property
contained therein. |
Medical
Assistance
Receive 24 hour, 365 days of the year, medical information from
a global network of general physicians, dentists, hospitals
and pharmacies. Simply call 1-877-860-1099 for assistance. |
Vision
Care
Save
up to 50% from retail prices on vision care at any NVA participating
provider. Simply call 1-800-426-1094 and follow the phone prompts,
and you are on your way to great savings. Visit www.npa.com
to find NVA providers near you. |
Discount
Pharmacy
Save
up to 50% from retail prices on prescription drugs. To submit
an order, simply get a prescription from your doctor and then
call 1-866-222-3433 for personal assistance. You’ll be
mailed everything you need including preaddressed envelopes
for submitting your prescription. |
Personal
Shopper
Shop
by phone and find the best price available that includes a convenient
purchasing option. Simply call 1-866-333-5066 for assistance. |
Quarterly
Newsletter
Each
quarter you receive an informative newsletter, Cardholder Vantage
Point, with your credit card statement. You’ll find interesting
articles on financial matters as well as dining, entertainment,
shopping and travel. So be sure to look for upcoming issues! |
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CREDIT
TERMS
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| Annual
Fee |
NONE |
| Annual
percentage rate for purchases, cash advances and balance transfers |
12.75% as of May 9, 2008 |
| Variable
Rate Information |
Your
Annual Percentage Rate (APR) may vary quarterly. The rate will
be the New York Prime rate as published in the Wall Street Journal
("Index") on the 1st business day of January, April,
July and October plus 5.0%. |
| Grace
period for purchases |
If
you pay your new balance in full within 25 days of your billing
date each month you will avoid charges on purchases. |
| Method
of computing the balance for purchases |
Average
daily balance (including new purchases) |
| Annual
Fee |
None |
| Cash
Advance Fee |
2%
for each cash advance, with a minimum of $2 and no maximum |
| Late
and overlimit Fee |
$15.00 |
| Other
Fees |
Return
Check - $10 |
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ATM / Debit
Cards
ATM Cards
 For
your convenience Iowa Savings Bank’s Automatic Teller machines
are available in safe locations. Iowa Savings Bank is a member of
the Privileged
Status Group. By using one of our many ISB ATM locations
or any ATM with a Privileged Status logo, no fee will be incurred.
Apply for a card for your emergency and regular use anywhere throughout
the world where one of the following symbols are shown:
Debit Cards
The Iowa Savings Bank’s “Check Card” provides
instant access for cash from checking and savings accounts through
automated teller machines. The ISB Check Card can also be used at
Visa accepting locations for hassle free purchases, direct from
your checking account. This modern convenience eliminates the need
to carry a bulky checkbook and is available for use with any of
our checking products. Apply for a card today.
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Merchant
Processing
Are you a new
business owner or searching for a way to expand your company sales?
Accepting credit cards may improve your bottom line.
Iowa Savings Bank Merchant Program provides:
- Sales credit
within two business days
- Different
processing equipment – including using your existing telephone
- Iowa Savings
Bank employee to help set up equipment and on-going support
- 24 hour toll
free Help Line
Call Iowa Saving
Bank Credit Card Department for detailed information.
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Commercial
Loans
Financing for
retail, commercial, manufacturing, investor owned or contractor
developments. Short term operating lines of credit, longer term
financing for purchase of equipment, vehicles or real estate, and
construction financing. Variable or fixed rate interest. Use of
Small Business Administration and Business & Industry loan programs
where appropriate.
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Online
Banking
Access your
accounts from anywhere in the world. Apply for Iowa Savings Bank’s
Internet banking and access your accounts through any Internet location
with a private password. Retrieve personal account statements, balances
and make transfers between accounts.
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Repurchase
Agreements
An interest
bearing account for larger depositors secured by bank investments.
Terms can be as short as one day, and as long as 6 months.
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Sweep
Accounts
Enables your
business to automatically transfer excess cash funds to an interest
bearing account on a daily basis, utilizing a sweep point designed
to minimize your business checking account cost.
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Cash
Management
Visit with any
of our Commercial Loan Officers to best utilize the bank products
to best fit your business needs. You might be surprised at what
you can save!
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ACH Payroll
Your business
may debit or credit accounts to ensure prompt payables/receivables
to other accounts done automatically.
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Business
Retirement Accounts
Simple
IRAs. These plans can be a wonderful and simple option if
your are self employed or have fewer than 100 employees. They
are characterized by ease of administration and newly liberalized
funding options. Some employers may be eligible for tax credits
of up to $500 for three years when new plans are commenced.
Simplified
Employee Pension (SEP/IRA). An easy to administer option where
you are self-employed or where employee salary deferral is not
required. The limit on compensation that can be used to determine
benefits has been increased to $200,000.
The right plan
for you depends on many personal and business factors. The descriptions
above are just highlights and not intended to be comprehensive or
to be legal advice. We recommend that you select the best option
after consultation with your attorney or tax advisor.
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*Insurance
products are:
- NOT
A DEPOSIT
- NOT
FDIC-INSURED
- NOT
INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- NOT
GUARANTEED BY THE BANK
- MAY
GO DOWN IN VALUE
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