Checking

Designed for customers looking for a free account that's really free.

Features:

• No minimum to open.
• No minimum balance.
• Free debit card, mobile and online banking.
• Unlimited ATM transactions with no charge. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours!).

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Designed for customers looking for a checking account that earns high interest.

Account Qualifications:

• No minimum balance
• To qualify transactions must clear each monthly statement cycle:
  • Deposit(s) of $1,000 or more, and
  • 25 debits or withdrawals, which include debit card, ACH, automatic bill or loan payments, ATM withdrawals. Transfers do not count.
• If you meet the qualifications, effective 7-8-19 you can earn 3.04% APY (Annual Percentage Yield) on balances up to $10,000 for that statement cycle, AND
  • The $10 monthly basic service fee (plus tax) will be refunded for that statement cycle.
  • Earn 0.05% APY (effective 7-8-19) on funds exceeding $10,000
• If the qualifications are not met, you will earn the current interest rate and APY​

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Exclusively for Friends Club Members. To join Friends Club, customers must be 50 or better and maintain $10,000 or more in household deposits (can be one account or a combination of accounts, including checking, savings, certificates of deposits, and Money Market Accounts).

Features:

• Meeting the above requirements qualifies you as a Friends Club member, gaining access to exclusive events, trips, and benefits.
• No minimum balance.
• Earn tiered interest rates.
• Free personalized club checks and unlimited check writing.
• Free check safekeeping of canceled checks, eStatement, or returned check images.
• Free money orders and official checks.
• Unlimited ATM transactions with no charge. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours).
• 50% off safe deposit box rental (safe deposit box contents are not FDIC insured).
• Free fraud recovery assistance, called Deluxe Provent ID Restoration.

Designed for customers who would like to earn interest.

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).
• Earn tiered interest rates.
• Free introductory pack of checks.
• Unlimited ATM transactions with no charge. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours).

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HSA through UMB, n.a.

Designed for customers who have a qualifying High Deductible Health Plan.  Check with your health care provider to see if your plan meets the qualifications for a Health Savings Account (HSA). 

Accounts are opened through UMB, n.a. which is not an affiliate of Hills Bank and Trust Company.  Consult your tax advisor to determine if a HSA is right for you.

Features:

• No minimum balance.
• $2 monthly service fee.
• Interest paid on entire account balance (Investments made to a Health Savings Account are FDIC insured through UMB).

Designed for teens 17 years and younger.

Features:

• No minimum to open.
• No minimum balance.
• 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.

Designed for University of Iowa students.

Features:

• No minimum to open.
• No minimum balance.
• No monthly service fee.
• Xpress Transfer – easy, no cost way for parents to transfer money
  to the student’s account anytime.
• 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.
• When no longer a University of Iowa student, the account converts
  to Free Checking.

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A special checking account for employees of the University of Iowa.

Features:

• No minimum balance.
• No monthly service fee.
• Unlimited free ATM transactions. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours).
• Earn tiered interest rates.
• Free introductory pack of checks.
• 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.

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 your local Hills Bank location or toll free at 1-800-445-5725 (1-800-HILLSBK). 

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.