Money Market

Each money market option includes:

  • Free ATM card  The Hills Bank ATM card is fast and convenient. With your ATM card, you can check your account balance, transfer funds, withdraw cash, and more — 24 hours a day at SHAZAM® and Cirrus® terminals worldwide.
  • 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 e-statement.

Apply online. It’s safe, simple, and secure.

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What will you need to open an account? View our Account Opening Checklist.

Money Market

Designed 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 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.

Employee Advantage Money Market

If you have a UI Employee Advantage Checking account, you can take advantage of this account to earn a higher interest rate than the UI Employee Advantage Savings Account. 

Features:

  • No minimum balance.
  • 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.

Insured Cash Sweep

The Insured Cash Sweep (ICS) service gives individuals, non-profits and businesses access 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
  • Access funds up to six times per month. Plus 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 Insured Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM.