Business Savings

(B1) All Simply Savings accounts will incur a $2.00 charge per withdrawal/debit over 6 per statement cycle. A $2.00 Low Balance Service Fee is charged when the Available (collected) Balance (AB)* is below $100.00 for the statement cycle. The interest for this account is based on variable rates for each “Split Balance” tier. See further details on the split balance tiers . Only one (1) Simply Savings account is permitted per primary Tax ID/Social Security Number.

(B2) The Corporate Sweep Checking is a Non-FDIC INSURED short term obligation. The account is securitized by Government Treasury or Agency Bonds. You are required to have a daily statement delivered to you.

*The Average Available (collected) Balance is calculated by adding the available principal balance in the account for each day of the period and dividing that figure by the number of days in the period. The available balance is the account balance, less unpaid deposited items drawn on other financial institutions in the process of collection.

**The available balance is the account balance, less unpaid deposited items drawn on other financial institutions in the process of collection.

For current rate information please E-mail Grinnell State Bank or contact a Personal Banker at one of our branches.

***Sweep Account and Transaction Account are an account package. Both accounts are required with the package, along with signing a Sweep Account Agreement.

Rates Valid as of July 1, 2025.

Important Information about Procedures for Opening a New Account: 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 or business that opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that allows us to identify you. We may also ask to see your driver’s license or other identifying documents.