Savings
We offer business savings accounts to meet the needs of all sorts of clients. Hiawatha National Bank serves
its community with a variety of Business Savings accounts designed to help you reach your savings goals.
|
Statement
Savings
|
HNB Money
Market
|
Premium
Savings
|
|
|---|---|---|---|
|
Minimum
Opening
Deposit3
|
$50
|
$2,500
|
$2,500
|
|
Minimum
Balance3
|
$50
|
$0.001
|
$2,500
|
|
Monthly
Maintenance
Charge
|
If balance falls
below minimum:
$0.50 per month
|
None
|
None; Statement
Savings rate paid
if below minimum
|
| Interest Rate4 |
Variable Rate
paid on average
daily balance5;
credited quarterly
|
Variable tiered
rates1 calculated
on average daily
balance5; credited
monthly
|
Variable rate paid
on average daily
balance5; credited
monthly
|
| Withdrawals |
Six free withdrawals
per month; $1 per
withdrawal over six.
|
Six free withdrawals
per month; $1 per
withdrawal over six.
|
Six free withdrawals
per month; $1 per
withdrawal over six.
|
| ATM Card | Free2 | Free2 | Free2 |
|
ATM
Transactions
|
No fees at HNB
ATMs; 4 free ATM transactions per
month at
non-HNB ATMs
|
No fees at HNB
ATMs; 4 free ATM transactions per
month at
non-HNB ATMs
|
No fees at HNB
ATMs; 4 free ATM transactions per
month at
non-HNB ATMs
|
|
Additional
Benefits
|
Business Debit Card
Business Online Banking
Direct Deposit
|
Check writing ability
ATM & Debit
Card also available2
Business Debit Card
Business Online Banking
Direct Deposit
|
Business Debit Card
Business Online Banking
Direct Deposit
|
1HNB Money Market Savings interest rate is tiered. Click RATES to see Money Market tier.
2 Based on approval.
3Minimum balance to obtain current Annual Percentage Yield (APY). For current interest rate and APY information please contact a Client Service Representative.
4Variable interest rates subject to change.
5We used the average daily balance. The average daily balance is calculated by adding the principle in the account for each day of the period and dividing that figure by the number of days in the period.
For further information, please see your Client Service Representative.
Account disclosures available on request.
Want to apply for one of our amazing savings accounts? Click here for our business application.
Once completed send it to clientservices@hnbank.com or bring it to your nearest location.