Customized Savings Solutions for Every Stage of Life
At Waukon State Bank, we understand that everyone's savings goals are unique. That's why we offer a range of savings accounts designed to meet your specific needs. Our friendly and knowledgeable staff are here to help you find the perfect fit.
Savings Account
Experience the freedom of no minimum balance requirements. With our Savings Account, you can make up to 4 withdrawals per monthly statement cycle or 12 withdrawals per quarterly statement cycle at no cost. Additional withdrawals are just $1.00 each. Earn interest at a variable rate and watch your savings grow effortlessly.
Holiday Saver Account
Make holiday shopping simple with our Holiday Saver Account. With no minimum balance requirements and no monthly service fees, saving is easy and stress-free. Set up automatic transfers from your other Waukon State Bank accounts—whether weekly, bi-weekly, or monthly—and watch your savings grow. Each October, you’ll receive a check for your full balance, just in time for Holiday shopping. Plus, you’ll enjoy the convenience of monthly statements and the benefit of earning interest at a variable rate.
College Fund Savings
Start building a financial foundation for future college expenses with our College Fund Savings account. Earn interest at a variable rate and ensure you're prepared for educational costs.
Health Savings Account
Our Health Savings Account (HSA) is perfect for individuals with a high-deductible health plan. Set aside money for out-of-pocket medical expenses like doctor visits, prescriptions and vision and dental care with tax-deductible contributions. All contributions you make to your HSA are tax-deductible regardless of your income level or whether you itemize deductions. Your interest earnings are also 100% tax-free while they are in your HSA, which makes for faster growth than in a comparable taxable investment. The money you take out of your HSA to pay for qualified medical expenses is also completely tax-free and penalty-free.
Money Market Account
Maximize your savings potential with our Money Market Account. Enjoy attractive interest rates that increase with higher balances. Choose between free paper statements or e-statements. Maintain a balance of $5,000 or more to avoid the $8 monthly charge. Benefit from increased interest rates at balances of $25,000, $100,000, $250,000, and $500,000 and above.
| Minimum Balance | Monthly Charge | Interest Paid |
|---|---|---|
| $0 - $4,999 | $8 | Variable Rate |
| $5,000 & Above | No Charge | Variable Rate |
Ready to Open an Account?
We're here to help you choose the best savings account for your needs. Visit us at one of our branches or contact us to get started.
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