Iowa State Bank offers attractive interest rates with their money market account that can be opened with an initial deposit of $1,000. This is also the amount that you need to maintain in order to earn this best money market rate and for you not to be charged a $10 monthly fee. The following are the current interest interest rate for their money market account:

• $1,000 to $9,999.99                  0.06% APY
• $10,000 to $49,999.99              1.32% APY
• $50,000 and above                    1.57% APY

You are allowed to make up to 6 transfers such as pre-authorization per statement cycle as mandated by the federal law. You can also make unlimited transfers when you process it through a teller, mail, by message, or ATM. Take note the the current money market rates listed above are subject to change anytime without prior notice.

You can take advantage of this best money market rate when you open an account. You may visit the bank’s website and complete the application form. You can also call their customer service line for questions or concerns with regard to their money market account and current interest rates thru 319-278-4761.

The bank has 3 branches located in the cities of Kesley, Parkersburg and Clarksville in the state of Iowa.

Iowa State Bank has been providing its services since 1918. Currently, they have reached over $217 million in declared assets. The bank is also a member of the Federal Deposit Insurance Corporation with certificate number 15947.