Due to weather, all Hills Bank locations will close at 2:00 p.m. and drive-thru's will close at 3:00 p.m. today (1/25). Our locations will stayed closed until tomorrow (1/26) at 10:00 a.m.
Looking for information on stimulus payments? Click here.
Learn what Hills Bank is doing and what banking options are available in response to COVID-19.
Due to weather, all Hills Bank locations will close at 2:00 p.m. and drive-thru's will close at 3:00 p.m. today (1/25). Our locations will stayed closed until tomorrow (1/26) at 10:00 a.m.
Looking for information on stimulus payments? Click here.
Learn what Hills Bank is doing and what banking options are available in response to COVID-19.
For those who want more perks from their checking account.
Features:
$1,000 minimum daily balance or combined relationship daily deposit balance of $5,000 (combined relationships balances are based on banking relationship of the first person listed on this account, who may be listed on other accounts as an owner, joint owner, or sole proprietor)
A $9.00 monthly basic fee (plus sales tax) is charged if balance requirements are not met.
Free small safe deposit box for one year (or credit towards a larger box; safe deposit box contents are not FDIC insured)
Free ATM transactions (a fee may imposed by a non-Hills Bank ATM owner)
Free paper statements
Online/mobile banking with bill payment
Special CD rates for customers with a primary checking account
* Hills Bank customers who are age 50 or better and maintain $10,000 in household deposits qualify to join Friends Club and to open a Friends Club (FC) Checking account. Friends Club Checking earns a variable interest rate. As of 1/15/21, balance over $10,000 earn an annual percentage yield (APY) of 0.10%, $9,999.99 to $1,000 earns (APY) of 0.05%, and under $1,000 earns (APY) of 0.05%. Fees may reduce earnings. $50 bonus will be paid when Friends Club Checking account is opened with a new bank deposit.
**Need not be present to win. Odds of winning will depend on the number of entries. New Friends Club Checking Accounts must be opened no later than 12/5/2021 and the drawing will be held on 12/8/2021. If you win the $1,000 cash drawing, Hills Bank will pay the Iowa State tax withholding requirement and the value will be reported on Hills Bank’s 1099MISC. For questions or more information, please call 319-358-2230 or email FriendsClub@HillsBank.com. No purchase required to enter.
0.25% consumer loan discount – one time use; not valid for home equity products
Direct deposit of paycheck is required
Limit of one UI Employee Advantage account type per individual. If direct deposit from the University of Iowa is discontinued, the account converts to Free Checking.
Health Savings Account (HSA)
Customers who have a qualifying high deductible health plan (HDHP) can open a Health Savings Account.
Customers who have a qualifying high deductible health plan (HDHP) can open a Health Savings Account.
Check with your health care provider to see if your plan meets the qualifications for a Health Savings Account (HSA).
Accounts:
Certificates of Deposit
With competitive rates and a variety of short- and long-term certificates of deposit (CDs) to choose from, our CDs are a great way to grow your funds no matter your timeframe
Cannot accept direct deposit from employer
Checking Account at UMB, n.a.
Contact a Hills Bank personal banker for appropriate UMB, n.a. website and opening credentials
UMB Bank, n.a. is not an affiliate of Hills Bank and Trust Company. Consult your tax advisor to determine if a HSA is right for you.
Features:
UMB, n.a. Checking Account
All on-line, no physical checks
Debit Card only for expenses
Monthly fee of $2.45 unless monthly average balance is $3,000.00 or greater subject to change through UMB n.a.
Mutual fund investing available (not FCID insured)
An account for teens 17 years of age and younger (with help from their parents).
Features:
No minimum to open
No monthly service fee
Unlimited ATM transactions with no charge (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours)
20 free checks upon account opening
Semi-annual newsletter
At age 18, the account converts to Free Checking
Parent or legal guardian required to be an owner of account if primary account holder is under 18 years of age
Insured Cash Sweep
The Insured Cash Sweep (ICS) service gives individuals, non-profits and businesses access to multi-million-dollar FDIC protection on deposits over $250,000 with no monthly fees.
The Insured Cash Sweep (ICS) service gives individuals, non-profits and businesses access to multi-million-dollar FDIC protection on deposits over $250,000 with no monthly fees.
The FDIC insures up to $250,000 of a customer’s deposit accounts at an FDIC-insured depository institution. Your ICS funds are then divided into amounts under the standard FDIC maximum and placed with other ICS Network members – each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with Hills Bank, you can access insurance through many FDIC-insured institutions.
Save time by working directly with Hills Bank
Enjoy peace of mind knowing your ICS funds are eligible for FDIC protection
Earn interest by putting excess cash balances to work in money market deposit accounts
Unlimited program withdrawals. Make an unlimited number of program deposits and withdrawals
Rest assured knowing your money is always on deposit in a regulated, FDIC-insured institution and you can see online where all of your funds are at any time
To learn more about ICS, contact us at 1-800-445-5725 (1-800-HILLSBK) or visit your local Hills Bank location.
Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. When using the ICS savings option, program withdrawals are limited to six per month. ICS is a service mark, and Insured Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM.
Student Checking
For non-University of Iowa students who are looking to build their financial footing while getting their education.