We will not automatically assume a deposit into your checking account is to go toward paying off your loan. If the checking account is closed, the Ready Reserve Account balance is due in full. An easy way to put money away for a rainy day or for those special purchases you want. You will be limited to six withdrawals or transfers each month. With this account, you are limited to six withdrawals or transfers per month.
Certificates of deposit are a great way to safely save money for a pre-set amount of time.
CD terms start at 6 months and go up to 48 months. Interest can be paid in any of the following ways. Rates can change weekly. Current rates sheets are available from any Iowa State Savings Bank teller. Cashing in a bank CD before the maturity date can trigger an early withdrawal penalty.