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.
Benefits
- 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
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Savings Account
Variable interest rate savings account for anyone who wants to save money, without the fuss.
Benefits
- 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
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Kids Club Savings Account
Savings club for ages 12 and younger.
Benefits
- No minimum deposit & no required balance
- Variable interest rate computed on the daily collected balance
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Money Market Account
Variable interest rate computed on the daily balance and paid monthly.
Benefits
- 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
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Certificate of Deposit
A safe, guaranteed return on your investment makes our CDs a great option to help you save for the future.
Benefits
- Minimum deposit $1,000
- Flexible maturities from 6 months to 5 years
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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.
Benefits
- Unlimited additional deposits at any time
- Minimum deposit $100
- Funds are invested for a full year before maturity
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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.
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IRA | Retirement | College Savings
ROTH IRA
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 IRA
Traditional IRAs offer immediate tax benefits with qualified contributions being tax deductible. Distributions are taxable, but penalty free after age 59 1/2.
COVERDELL EDUCATION SAVINGS ACCOUNT
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.
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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.
Baldwin

Janet Scott
jscott@ohnwardbank.com
563-673-5711
Cascade

Mary Finzel
mfinzel@ohnwardbank.com
563-852-7696
Central City

Madison Kruger
mkruger@ohnwardbank.com
319-438-6001
Marion + Cedar Rapids

Cindy Corkhill
ccorkhill@ohnwardbank.com
319-363-0261

Wes Keene
wkeene@ohnwardbank.com
319-373-1371
Monticello

Kiana Secrist
ksecrist@ohnwardbank.com
319-465-6173 x 3211

Suzan Ehlers
sehlers@ohnwardbank.com
319-465-6173 x3213

Maureen Sweeney
msweeney@ohnwardbank.com
319-465-6173 x3212

Larissa Holub
lholub@ohnwardbank.com
319-465-6173 x 3225

Charli Pestka
cpestka@ohnwardbank.com
319-465-6173