Savings Accounts

Each savings account 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.

Free Savings

Designed for any customer who would like to save money.

Features:

  • No minimum to open.
  • No minimum balance.
  • Earn variable interest rates.
  • Free ATM transactions. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours).
  • Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties.

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Gold Savings

Designed for customers with balances of $10,000 or more.

Features:

  • $10,000 minimum to open.
  • No quarterly service fee.
  • If daily balance falls below $10,000 no interest is earned for that day.
  • Earn variable 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.

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Savers Club

Designed for savers, no matter what you’re saving for.

Features:

  • No minimum to open.
  • Select a plan option: $5 - $125 weekly deposits, in $5 increments.
  • Meet or exceed the balance equivalent of 50 weekly deposits based upon the plan you’ve chosen, and Hills Bank will make an additional bonus deposit into your account.
  • Your account term ends on the last day of the eleventh month following the month in which your account was opened. (For example, term ends October 31 of the following year for an account opened any day in November.)
  • Automatic Funds Transfer (AFT) from another Hills Bank account is required.

To calculate the minimum balance required to earn your bonus deposit, multiply your selected plan amount by 50.  For example a $5 weekly plan x 50 weeks  = $250 minimum balance at the end of the term. This is a non-interest bearing account. However, final bonus deposit may be reported as interest.

Penny Savers Savings (11 & younger)

Designed for kids 11 years of age and younger.

Features:

  • No minimum to open.
  • No minimum balance.
  • No quarterly service fee.
  • Earn variable interest rates.
  • Semi-annual newsletter.
  • Birthday card from Penny Bear.
  • At age 12, the account converts to a GO! Savings.
  • Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties.

GO! Savings (12-17 years old)

Designed for youth 12 – 17 years of age.

Features:

  • No minimum to open.
  • No minimum balance.
  • No quarterly service fee.
  • Earn variable interest rates.
  • Semi-annual newsletter.
  • At age 18, the account converts to Regular Savings.
  • Parent or legal guardian required to be an owner of account if primary account holder is under 18 years of age.
  • 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 Savings Account

A special savings option to go with your UI Employee Advantage Checking 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).
  • Earns variable interest.
  • 0.25% consumer loan discount – one time use; not valid for home equity products.
  • Limit of one UI Employee Advantage account type per individual. If direct deposit from the University of Iowa is discontinued, the account converts to Regular Savings.
  • Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties.