We’ve assembled a variety of excellent resources that can help you learn more about privacy and security issues. Please note that these sites are not associated with Grinnell State Bank and that by using them you are governed by their own privacy policies.
Our consumer savings account options are designed with your life in mind. No matter what stage of life you are in, our savings account options are designed to help you save for those important milestones in your life. From college savings, saving for a down-payment, or saving for retirement, we’re here to help you achieve your dreams.
A simple way to earn higher interest on your savings. Designed so you can earn more, this savings account offers CD level interest rates with no locked in term.
Our basic savings account with a low minimum balance requirement, this account offers you the ability to start earning interest on your excess funds.
Our savings account for higher balances.
Our savings account specifically designed for college fund savings, this is a great way to save for your child’s education.
Simply Savings(P4)
Personal Savings
Money Market Savings
College Fund Account
Opening Deposit
$100
(P2)$100
$100
$250
**Average Available (collected) Balance to Earn Interest
(P4)All Balances
Based on Tiered Split Balances on the Available (Collected) Balance***
All Balances
$25,000
$250
Images On Statements
N/A
N/A
N/A
N/A
Free Online & Mobile Banking
Yes
Yes
Yes
Yes
**Average Available (collected) Balance Required to Avoid *Monthly Service Charge
(P4) $100
Based on the Available (Collected) Balance***
(P2) $100
(P3)$2,500
N/A
*All accounts subject to monthly service fees are eligible for reduced fees or waived fees based on specific requirements within each account. Please see a Personal Banker for more details.
(P1) Available upon request with a charge.
(P2) There are No minimum average available balance requirements for children under 18. Opening Deposit required is $25.00 for children under 18. All accounts will incur a $1.00 per withdrawal/debit over 3 per statement cycle. A $2.00 Low Balance Service Fee is charged when the Average Available (collected) Balance (AAB)** is below $100.00 for the statement period.
(P3) All Accounts will incur a $10.00 per withdrawal/debit over 6 per statement cycle, $1.00 per deposit over 4 per statement cycle.
(P4) 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. Rates are subject to change after the account is opened. For further details on the split balance tiers, click here. Only one (1) Simply Savings account is permitted per primary Tax ID/Social Security Number.
**The (AAB) 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.
Please E-mail us or contact a Personal Banker at one of our branches for current rate information.
Rates valid as of April 1, 2020.
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.
Our friendly staff is ready to help you create a new account or transfer your existing account to Grinnell State Bank.
We’ve assembled a variety of excellent resources that can help you learn more about privacy and security issues. Please note that these sites are not associated with Grinnell State Bank and that by using them you are governed by their own privacy policies.
Grinnell State Bank provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Grinnell State Bank, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.
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