State Savings Bank
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Personal Savings Accounts

At State Savings Bank Des Moines and Baxter, we offer a variety of personal savings account types. Explore the options for different savings accounts in the chart below, then visit one of our Des Moines or Baxter offices or contact one of our banking professionals to open a savings account.

Account Type

Minimum to Open Minimum Balance Requirement Minimum Balance Fee* Statement Delivery Method
 Classic Savings $100.00 $100.00 $5.00/quarter e-Statements are recommended, paper statements are available at no charge.
 Super Savings $2,500.00 $2,500.00 $5.00/month e-Statements are recommended, paper statements are available at no charge.
First-Time Homebuyer Savings $100.00 $100.00 $5.00/quarter e-Statements are provided at no charge, paper statements are available for $5.00 per statement cycle.

* For accounts with a minimum balance requirement, no minimum balance fee will be charged unless the balance falls below the required minimum balance on any day of the statement cycle. Classic Savings minimum account balance requirements are waived for customers under 18 years of age and 65 years of age or older.

The following information applies to all interest-bearing checking accounts and savings accounts:

  • Your interest rate and annual percentage yield may change at any time at our discretion. Click to see current interest rates or call (515) 457-9533 or (641) 758-2989 to discuss our interest-bearing savings accounts.
  • Interest compounds and credits quarterly for Classic Savings accounts, Children's Savings, First-Time Homebuyer Savings and Super Savings compounds and credits monthly. 
  • Interest is calculated by the daily balance method, which applies a periodic rate to the balance in the account each day.
  • Interest begins to accrue on the business day you deposit non-cash items to your account (i.e. checks).
  • Fees may reduce earnings.

View Current Rates

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