Product Overview

Product
Features
Business Analysis Checking
Time Certificates of Deposit
Savings Accounts
Commercial Loans
Free Online Banking
X
X
X
X
Free Tele Banking
X
X
X
X
Debit Card
X
 
X
 
ACH Deposit capabilities
X
 
X
 
Remote Deposit Capture
X
 
 
 
ACH Payment capabilities
X
 
X
 
 
X
X
 
Receive check images back by mail
X
 
 
 
Coin / Currency Service
X
X
X
X
Merchant Processing
X
 
X
 
Wire Transfer
X
 
X
 
Safe Deposit Boxes
X
X
X
X
Night Depository
X
 
X
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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CDARS

FDIC insurance doesn’t have to stop at $250,000. CDARS offer FDIC insurance on multi-million dollar balances. Plus, the management of your CDs is handled in full by Iowa Savings Bank. That way, you gain better rates and peace of mind without inheriting the workload to match. Read on about the many fine features of an Iowa Savings Bank CD:

  • Interest above standard savings, which may compare favorably with
    other investment alternatives
  • Greater security; multi-million-dollar FDIC insurance coverage
  • Convenience; everything is managed internally by Iowa Savings Bank
  • One interest rate
  • One regular statement
  • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.

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Debit Cards

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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Mobile Banking Our wireless banking product lets Iowa Savings Bank account holders conduct secure online banking from anywhere, at any time. You can check your balances, view your account history, and even make transfers.

NOTE: You must log-in first via a PC and complete the security questions before setting up your mobile banking.

Equipment Needed

  • Web Enabled Cell Phone.
  • Web package from Service Provider.
  • Service Provider that supports wml.

INSTRUCTIONS FOR MOBILE BANKING

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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. While the funds in a repurchase agreement are not insured by the FDIC, the customer is a secured creditor of the bank.

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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. The funds are swept to a repurchase agreement. While the funds in a repurchase agreement are not insured by the FDIC, the customer is a secured creditor of the bank.

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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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