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Savings Accounts

Personalized Options When Every Penny Counts

With multiple savings options, find the one that is best suited for you and your financial needs. There are ample ways to grow with Ohnward Bank & Trust.  

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  • Kasasa Saver

    Get paid to bank with us! Each month you earn cash rewards in your Kasasa® checking, those earnings automatically transfer into your Kasasa Saver account.


    • Free account  
    • Linked to free Kasasa Cash or Kasasa Cash Back account 
    • Automatic transfers make savings simple 
    • 0.50% APY* on balances up to $35,000 
    • 0.50% to 0.27% APY on balances over $35,000 depending on balance in account* 
    • 0.05% APY* if eligibility requirements are not met on Kasasa Cash or Kasasa Cash Back 
    • No monthly service fee 
    • No minimum balance to earn rewards 
    • Free online and mobile banking 
    • Free eStatements, required 
    • A deposit is required to open account 

    Eligibility Requirements

    • Have at least 10 debit card purchases posted and settled to your account 
    • Have at least 1 direct deposit or ACH Auto Debit posted and settled 
    • Receive your monthly statement electronically 


    * See Disclaimer

    2023 Qualification Cycle

  • Savings Account

    Variable interest rate savings account for anyone who wants to  save money, without the fuss. 


    • No fee with a $100.00 monthly minimum balance ($5/month if balance falls below $100.00. Students age 22 and younger are exempt.) 
    • Variable interest rate computed on the daily collected balance and credited monthly 
    • Minimum initial deposit:  $100.00 
    • Quarterly statements
  • Kids Club Savings Account

    Savings club for ages 12 and younger. 


    • No minimum deposit & no required balance
    • Variable interest rate computed on the daily collected balance
  • Money Market Account

    Variable interest rate computed on the daily balance and paid monthly.


    • Unlimited deposits
    • No monthly fee with a $1,000 minimum daily balance. A $5.00 monthly maintenance fee if balance requirements are not met
    • Minimum initial deposit - $1,000
  • Certificate of Deposit

    A safe, guaranteed return on your investment makes our CDs a great option to help you save for the future.


    • Minimum deposit $1,000 
    • Flexible maturities from 6 months to 5 years 
  • Money Builder Certificate of Deposit

    CDs are designed for individuals who are willing to leave funds on deposit for a specified length of time in return for a higher interest rate.


    • Unlimited additional deposits at any time 
    • Minimum deposit $100 
    • Funds are invested for a full year before maturity 
  • CDARS - The Certificate of Deposit Account Registry Service

    CDARS is the most convenient way to access FDIC insurance on CD deposits and to earn CD-level rates. 

  • IRA | Retirement | College Savings


    Roth IRAs allow after tax dollars to be saved for retirement.  Simply satisfy the 5 year waiting period and have a qualifying event (such as attaining the age of 59 1/2) and all withdrawals (contributions and earnings) are tax free. 


    Traditional IRAs offer immediate tax benefits with qualified contributions being tax deductible.  Distributions are taxable, but penalty free after age 59 1/2. 


    A beneficial non-deductible account that features tax-free withdrawals for the specific purpose of a child’s higher education expenses. =

    SEP (Simplified Employee Pension) 

    A retirement investment plan primarily developed to assist small business owners and farmers with retirement plans for themselves and their employees. 

  • Christmas Club

    Variable interest rate compounded on the daily balance and paid each year. 

    Checks will be issued in October. 

By phone, email or in person, our Ohnward Bank & Trust team will go the extra mile in helping you with your financial goals. Please visit or contact our team members listed below. Please do not send sensitive or personally identifiable information via unencrypted email to our team. It is not a secure way to send any information. Thank you.


Janet Scott Ohnward Bank and Trust Baldwin Iowa

Janet Scott


Mary Finzel Ohnward Bank and Trust

Mary Finzel

Central City

Madison Kruger, CSR/Teller OBT Central City

Madison Kruger

Marion + Cedar Rapids

Cindy Corkhill, Ohnward Bank & Trust

Cindy Corkhill

Wes Keene, Ohnward Bank & Trust

Wes Keene


Kiana Secrist Ohnward Bank and Trust Monticello

Kiana Secrist
319-465-6173 x 3211

Suzan Ehlers Ohnward Bank and Trust Monticello

Suzan Ehlers
319-465-6173 x3213

Maureen Sweeney Ohnward Bank and Trust Cedar Rapids

Maureen Sweeney
319-465-6173 x3212

Larissa Holub Monticello

Larissa Holub
319-465-6173 x 3225

Charli Pestka, Ohnward Bank & Trust

Charli Pestka