Checking & HSA

Checking Accounts

At Iowa Trust & Savings Bank, we know the checking account is the most basic financial service that our customers use but we also realize that not every customer needs the same type of checking services. We offer several types of checking accounts to meet the individual needs of each customer.

Open New Account


Classic Checking

Advantage Checking

Preferred Checking


Basic Checking Account

Interest Bearing Checking Account for those who maintain higher balances in deposits and loans

Interest Bearing Checking Account with additional interest tiers for higher combined balances

Minimum to Open




Interest Bearing




Monthly Fee




How to avoid fee:

Maintain a combined average available balance of $3,000 in deposits and loans or sign up for E-Statement. ***

Maintain a combined average available balance of $10,000 in deposits and loans.

Maintain a combined average available balance of $50,000 in deposits and loans.

*** Fees are also waived for customers ages 0 through 23 ***

Full disclosure of all checking account requirements, services, funds availability and fees will be made available at the time of opening the account or upon request.

Iowa Trust & Savings Bank has the right to refuse any deposits.

Insured Cash Sweep® (ICS)

With the ICS service or Insured Cash Sweep, you can access multi-million-dollar FDIC protection by working directly with just one bank.  As a member of the ICS network, Iowa Trust & Savings Bank will place your funds into demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), or both, at other FDIC-insured member institutions.  The placement of your funds occurs in increments below the standard FDIC insurance maximum of $250,000 so that both principal and interest are eligible for coverage.  By working directly with Iowa Trust & Savings Bank, you can access the insurance coverage from many.  To learn more, contact an Iowa Trust & Savings Bank Customer Service Representative.


Health Savings Account (HSA)

You save for rainy days and retirement, but do you remember to save for your own health? This account lets you save money to spend on medical expenses, like doctor visits and prescription medication.

Unlike other health plans, you own this account — not your employer. So, the money is yours to roll over year-to-year, and you can use the funds any time — whether it's six months or six years from now.

  • Must be covered under a high deductible healthcare plan
  • No setup or annual fees
  • Contributions are tax deductible*
  • Interest grows tax free
  • Withdrawals are tax free when used for qualified medical expenses
  • Money rolls over year-to-year automatically
  • HSA is owned by you, not employer

*Consult a tax advisor.

Contact Iowa Trust

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