Savings and Money Market Accounts for Today and Tomorrow
From building an emergency fund and saving for a major purchase to planning for the future and teaching the next generation the value of saving, Hills Bank offers savings solutions to help you reach your financial goals. Our interest-bearing savings accounts provide a secure place to grow your money while our money market accounts combine the earning potential of a savings account with convenient access to your funds.
Everyday Savings
Explore savings accounts designed to help you grow your money, reach your financial goals, and access your funds when you need them.
Free Savings
For customers seeking an easy, fee-free way to save. Enjoy modern banking tools and convenient account access to help manage your money with confidence.
Money Market
Grow your savings with higher interest rates than traditional savings accounts and maintain flexible access to funds – no opening deposit required.
Purpose Money Market
Designed for savers with higher balances who want to earn a competitive rate while maintaining access to funds.
Why Choose Hills Bank Savings?
• Earn interest while you save
• Free online & mobile banking
• Automatic savings tools and account alerts
• Set and track savings goals with ease
• Secure 24/7 account access
• Local banking with personalized service
Youth & University Savings
Discover special savings accounts for children, students, and UI employees that support financial education and provide a secure place to save for what matters most.
UI Employee Advantage Savings
A special savings account for University of Iowa employees with special discounts.
Penny Savers Savings
Designed for kids 11 years of age and younger.
Go! Savings
Designed for kids 12-17 years of age.
Compare Savings and Money Market Account Benefits
| Feature | Free Savings | Money Market | Purpose Money Market |
|---|---|---|---|
| Best For | Secure, affordable savings | Everyday saving | Customer seeking higher earnings |
| No Monthly Fee |
YES | Waived with qualifying minimum daily balance $8 service fee with check safekeeping or eStatement + sales tax $10 service fee with returned check images + sales tax |
YES |
| No Minimum Opening Deposit |
YES |
YES | Must have $25,000 new money and/or an active checking account with recurring deposits and/or debit card activity. Matured Hills Bank Certificates of Deposit can be deposited into this account and will qualify as new money |
| No Minimum Balance Requirement | YES | $1,000 daily balance | $25,000 daily balance |
Interest Earnings *APY = Annual Percentage Yield | YES Variable interest rates | YES Tiered interest rates
| YES Tiered interest rates with up to 3.45% APY*
|
Account Perks:
| YES | YES | YES |
Fees may reduce earnings. Rates effective 01/08/2026.
Save More. Earn More with Hills Bank Savers Club.
No minimum deposit to open. Just choose a weekly savings plan from $5 to $125 in any increment of 5. Set up automatic transfers for effortless savings. Once you meet your savings goal, Hills Bank will match your weekly contribution amount with a bonus deposit at the end of your term*.
FDIC Insurance Solutions for High-Balance Deposits
Protect deposits over $250,000 with Insured Cash Sweep (ICS), a service that provides access to multi-million-dollar FDIC insurance coverage. ICS works by distributing eligible funds across a network of FDIC-insured institutions while allowing you to manage your deposits through Hills Bank. This solution offers added peace of mind, competitive interest earnings on excess cash balances, and convenient access to your funds.
Manage Money with Online & Mobile Banking
Stay connected to your savings account with Online Banking. Check balances, transfer funds, and monitor account activity from your computer or mobile device.
Open Your Hills Bank Savings Account Today
Start saving today with an account designed to help you reach your goals, earn interest, and plan for the future.