Contact Us  |  About Us  | Rates  |  Education Center  |  641.628.2191  |   800 Main St. Pella, IA

Marion County Bank offers a variety of ways to save.  Below are details about our Statement Savings and Money Market Express accounts.  We also offer a variety of term CD products.

 Savings Account Options
 Statement Savings AccountMoney Market Express
Minimum Daily Balance$100$2500
Monthly Service FeeNone; unless balance falls below $100, then $3.00 None; unless balance falls below $2500, then $15.00 
Withdrawal Availability6 free per month, then $1.00 per additional6 free per month, then $5.00 per additional
StatementsFree Quarterly Printed or eStatementsFree Monthly Printed or eStatements
Interest EarningYesYes


The following withdrawals count toward the six transaction limit per month, as imposed by the Federal Reserve: Telephone transfers, Internet Banking transfers, bill payments, checks to third parties, pre-authorized transfers and overdraft transfers.


Special Savings Accounts available at Marion County Bank:

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.  An IRA is an excellent tool for retirement savings.  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  The Traditional IRA allows you to defer taxes on the earnings on your contribution until they are withdrawn.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)

An Health Savings Account, more commonly known as an HSA, is an account established exclusively for the purpose of paying or reimbursing qualified medical expenses.  To pay your medical bills with an HSA, simply write a check or use your free Marion County Bank debit card.

An HSA provides a way to pay for medical expenses tax-free.  It also provides a way for individuals to pay for expenses that may not be paid for by a medical plan (i.e. dental, vision, over the counter medications) on a tax-free basis.

An HSA is owned and controlled entirely by an individual.  All funds invested in an HSA remain the property of the account owner.  The account balances roll over from year to year and accumulate tax deferred.  Distrrbutions from your HSA for qualified medical expenses are tax-free.  To be eligible for an HSA, an individual must:

  • Be under the age of 65
  • Be covered under a High Deductible Health Plan (HDHP)
  • Not be covered by an other health plan that is not an HDHP (with certain exceptions for plans providing certain types of coverage)
  • Not be enrolled in Medicare
  • Not be claimed as a dependent on another person's tax return

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.

The FTHSA is a brand new account that started January 2, 2018 at Marion County Bank.  Consult your tax or legal professional for definitive legal guidelines and instructions or view the Iowa Legislature's State Senate File 505 for details of the law.

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 $2,000 a year.  Married taxpayers who file a joint return may deduct up to $4,000 a 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.


Tricia DeHaan - web
Tricia De Haan
Customer Service
> Email
Allison Thumbnail
Allison Van Wyngarden
Customer Service
> Email
Peggy Ashman
Customer Service
> Email
Jen Van Gorp - website
Jen Van Gorp
Customer Service
> Email
Donna Van Weelden
Donna Van Weelden
Customer Service
> Email


estatements with pig







FAQ Button