Checking

E-Z Free Checking

When we say "FREE," we mean free. You're free to access your money with no monthly service fees, no minimum balances, and no minimum deposit required.

NOW Checking

Sit back, and watch your money multiply. With an initial deposit and a maintained balance of at least $100, you'll earn interest each statement cycle.

Bank Club Checking

Our bank club checking account combines great features and fun club benefits available for any age.

Harvest Club

Exclusively for those age 50 and over, Harvest Club checking earns interest each month with an initial deposit and a maintained balance of at least $100.

Golden Harvest Club

Exclusively for those age 50 and over, this account provides all the benefits we have to offer – interest-earning, club benefits and free checks!

Account*	E-Z FREE	NOW	BANK CLUB	HARVEST CLUB Exclusively for those 50 and over	GOLDEN HARVEST CLUB Exclusively for those 50 and over
"I want to..."	Use my debit card and receive eStatements	Earn Interest	Have the account with everything	Write checks and earn interest	Have the account with all the bells and whistles
Benefits	Free Debit Card or ATM Card, Internet Banking, Internet Bill Pay, Mobile Banking, eStatements, TeleBank and unlimited check writing.  Check images are included free with all eStatements and printed statements.
Monthly Statement	Free eStatement	Free printed or eStatement	Free printed or eStatement	Free printed or eStatement	Free printed or eStatement
Personalized Checks	Free 1st Order**	Free 1st Order**	Free**	Free**	Free**
Interest Earning		Yes		Yes	Yes
Club Benefits			Included, see below		Included, see below
How to avoid monthly service fee	Sign up for eStatements. Printed Statements are available at $2.00 per statement cycle	Keep a minimum balance of $100; otherwise $8.00 per statement cycle	There is a $6.00 monthly membership fee for the Bank Club Account	Keep a minimum balance of $100; otherwise $8.00 per statement cycle	There is a $4.00 monthly membership fee for the Golden Harvest Club Account

 

Club Benefits - Our Bank Club and Golden Harvest Club accounts offer free Cashiers Checks, Accidental Death & Dismemberment Insurance***, Cell Phone Protection***, 50% off Stop Payments, Travel and Leisure Discounts (available online only) and Discounted Adventureland Tickets.

  *All accounts opened for a minor require an adult joint owner on the account.
**Free checks include single checks only. Orders for duplicate checks will receive a $7.00 discount.
***The descriptions herein are summaries only and do not include all terms, conditions, and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Insurance products are not insured by FDIC or any Federal Government Agency; not a deposit of or guaranteed by the bank or any bank affiliate.

Savings

Savings Account Options
	Statement Savings Account	Money Market Express
Minimum Daily Balance	$100	$2500
Monthly Service Fee	None; unless balance falls below $100, then $3.00	None; unless balance falls below $2500, then $15.00
Withdrawal Availability	Unlimited	Unlimited
Statements	Free Printed or eStatements	Free Monthly Printed or eStatements
Interest Earning	Yes	Yes

 

Individual Retirement Account (IRA)

It's never too late to start preparing for retirement!  Let us help you save with a Traditional IRA or Roth IRA.  Depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free.  Both the Traditional and Roth IRAs consist of Marion County Bank CDs and are FDIC insured.

Traditional IRA

A Traditional IRA is designed for anyone under the age of 70 with earned income who wants to save for retirement.  The Traditional IRA allows you to defer taxes on the earnings on your contribution until they are withdrawn.  Certain contributions are tax deductible in the tax year for which you make them.

Roth IRA

A Roth IRA is for anyone who earns income and wants to save for retirement, especially those who may exceed the Traditional IRA income limits.  The Roth IRA allows only nondeductible contributions and features tax-free withdrawals.

Consult your tax or legal professional for guidance.

Health Savings Account (HSA)

A Health Savings Account, commonly known as an HSA, is an account established for the purpose of paying or reimbursing qualified medical expenses.  An HSA provides a way to pay for qualified medical expenses on a tax-free basis as well as earn tax-free dollars on account contributions.  Experience these benefits with a Marion County Bank HSA:

• Every HSA is owned and controlled by the individual.
• All funds invested in an HSA remain the property of the account owner.
• Account balances roll over from year to year and accumulate tax-deferred.
• Choose a free Marion County Bank HSA debit card or checks to pay for qualified expenses.
• Funds can be held in an interest bearing transaction account or longer term in a certificate of deposit.

Consult your tax or legal professional for guidance.

First-time Homebuyer Savings Account (FTHSA)

A First-Time Homebuyer Savings Account (FTHSA) is a new type of savings account passed by the Iowa legislature to make purchasing a first home easier.  The law allows Iowans to make tax-deductible contributions into a First-Time Homebuyer Savings Account to be used for the purchase of a home.  Those who already own a home can open and contribute to an account for a designated first-time homebuyer and receive a tax deduction on Iowa state taxes too.

Consult your tax or legal professional for definitive legal guidelines and instructions.

Account Benefits at Marion County Bank:

Interest Earning -

• The FTHSA at Marion County Bank is interest earning.  Contact Customer Service for current rate.

Iowa Tax Benefits -

• The account holder may claim a deduction for Iowa individual income tax made during the year by the account holder.  The amount deducted may not exceed $2,050 for the 2019 tax year.  Married taxpayers who file a joint return may deduct up to $4,100 for the 2019 tax year if the FTHSA is opened and maintained as a joint account.
• Interest earned on account balances is also exempt from Iowa income tax.
• The state of Iowa tax deduction for account contributions is available for up to ten years.
• The annual deduction limits are adjusted annually for inflation.  

Home Purchasing Navigation -

• Purchasing a first home is an exciting and often daunting process.  Our Home Loan experts at Marion County Bank are available to help you or your account beneficiary walk through the steps of account opening, loan pre-qualification, and mortgage product guidance.  Contact Marion County Bank to start the home purchasing journey.

 

CDs

Certificates of Deposit (CDs)

Our CDs provide depositors a great way to manage savings and grow money without risk.  Our CD options offer competitive rates of return on terms that range from 3 months to 60 months.  Choose the term that works best for you.  Check out our online rate sheet for current rates and featured CD options.

Our featured CD options are designed to suit all stages of life:

	Bump CD – If rates go up, yours can too.  Our Bump CD allows you to take advantage of a rising rate environment.  Bump rate up once during the term, any time after the first six months.  Our Bump CD is a 24 month term and has the same rate as our traditional 24 month CD.
	Build CD – Our Build CD allows you to add money, such as your Christmas bonus or tax refund to your CD’s balance.  One deposit is allowed per calendar year and deposit minimum is $1,000.  Our Build CDs have an 18 and 24 month term and follow the same rates as the traditional 18 and 24 month CDs.
	Access CD – Have an unexpected need for cash?  The Access CD gives you the option to withdraw without penalty!  You may withdraw from your certificate once per calendar year and the amount withdrawn can be up to 10% of the current balance.  Our Access CDs are for 48 and 60 months and have the same rate as the traditional 48 and 60 month CDs.