Money Market
Our Money Market accounts can earn higher interest rates than our savings accounts while offering some flexibility for withdrawals and transfers.
Each money market option includes:
- Hills Bank Online: Free online banking that includes apps from the Apple App Store or Google Play
- Free statement alerts and notices: paper statement or eStatement
Money Market
An account for customers with balances of $1,000 or more.
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Money Market
An account for customers with balances of $1,000 or more.
Features:
- No minimum to open
- No monthly service fee with $1,000 minimum daily balance. If daily balance falls below $1,000:
- No interest is earned for that day
- $8 service fee with check safekeeping or eStatement (plus sales tax)
- $10 service fee with returned check images (plus sales tax)
- Earn tiered interest rates
- Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties
Gold Premier
Designed for customers with balances of $15,000 or more.
Learn MoreGold Premier Money Market
Designed for customers with balances of $15,000 or more.
Features:
- $15,000 minimum to open
- No monthly service fee
- If daily balance falls below $15,000, no interest is earned for that day
- Earn tiered interest rates
- Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties
UI Employee Advantage Money Market
For University of Iowa employees with a UI Employee Advantage Checking Account.
Learn MoreEmployee Advantage Money Market
For University of Iowa employees with a UI Employee Advantage Checking Account.
Features:
- No minimum balance to open
- No monthly service fee
- Free ATM transactions. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours)
- Earn variable interest on balances over $1,000
- 0.25% consumer loan discount – one time use; not valid for home equity products
- Direct deposit of paycheck is required
- Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties
IntraFi Cash Sweep Money Market
The IntraFi 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.
Learn MoreIntraFi Cash Sweep Money Market
The IntraFi 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
- Up to 6 withdrawals per month. Make an unlimited number of program deposits as long as you stay within the program withdrawal limits.
- 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 IntraFi Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM.
Investing In Our Communities
When you make a deposit at a local bank, you’re helping fund loans to businesses, charitable organizations, and other people in your community. And at Hills Bank, we believe you should be rewarded for that. For a limited time, you can earn a higher interest rate on new deposits to this special money market account.
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