Savings and CDs

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Savings Accounts

Heartland Bank and Trust has a savings account that fits your needs, whether you’re putting money away for a rainy day, saving for a big purchase, or you want to work on your financial foundation.

The account that makes starting your savings easy! Build a habit that pays you back when you open a Simply Savings for yourself or someone you love.

  • Minimum to open the account is only $50 for 18 and over. Under 18 can open an account for $25.
  • The account has to be kept at an average quarterly balance of $200. So, your savings can fluctuate up and down, it just has to average $200 over the 3-month period. There’s a $3 charge if that balance gets too low, though the low balance fees are waived for account-holders who are under 18.
  • Any cash you put into the account starts earning interest as soon as it’s recorded.
  • You’ll get a statement every three months so you can stay on top of your savings goals. If you have a checking account with Heartland Bank, you’ll see your savings account information each month on your regular statement.
  • Get access to your money once you’re ready to dip into it. There’s a charge of $1.75 per withdrawal if you make more than nine per quarter. And we’ll waive that fee if your account has a $500 minimum balance over the quarter, or if it’s your account and you’re under 18.

DAILY BALANCE INFORMATION

You’ll earn more interest when your account holds more funds. There are four tiers of savings in the Simply Savings account. The interest rate and the annual percentage yield for all of them are based on the account’s daily balance.

  • Level 1: Daily balance of $250,000 or more
  • Level 2: Daily balance of $100,000-$249,999.99
  • Level 3: Daily balance of $25,000-$99,999.99
  • Level 4: Daily balance of less than $25,000

Interest on this variable rate account is compounded and credited quarterly. You’ll see the interest deposited into your account every three months.*

If you’ve got more cash you want working harder for you, and you need the option of quick access, the Super Money Market is the account you’ve been looking for. It’s an account that requires a higher monthly balance, and it pays you to keep that balance up. Plus it’s just like a regular savings account. You can withdraw the money whenever you want it.

WHAT TO KNOW ABOUT THE SUPER MONEY MARKET ACCOUNT

  • The minimum opening deposit is $2,500.
  • You’ll get a monthly statement to track account activity.
  • Accounts that fall below the $2,500 minimum will be charged a $8 fee to keep the account open.

DAILY BALANCE INFORMATION

Because the Super Money Market account is designed to build on your nest egg, you’ll earn interest and annual percentage yields at different rates, based on the daily balance. There’s a 5-level tier structure for figuring the interest rate.

  • Level 1: Daily balance of $100,000 or more
  • Level 2: Daily balance of $50,000-$99,999.99
  • Level 3: Daily balance of $25,000-$49,999.99
  • Level 4: Daily balance of $10,000-$24,999.99
  • Level 5: Daily balance of less than $10,000.99

Interest on the variable rate Super Money Market Account is compounded and credited monthly, which means you’ll earn interest each month!*

If you’re ready to maintain a higher minimum balance, the Capital Money Market account is a good savings tool that keeps your funds liquid while earning a better rate of return.

Earn higher interest rates while keeping money available. Combined with a checking account, enjoy the convenience of one monthly statement for both accounts.

WHAT TO KNOW ABOUT THE CAPITAL MONEY MARKET ACCOUNT

  • The minimum opening deposit is $10,000.
  • You’ll get a monthly statement to track account activity.
  • Accounts that fall below the $10,000 minimum will be charged a $15 fee to keep the account open.

DAILY BALANCE INFORMATION

Capital Money Market accounts pay more interest when there’s more in the account. The interest rate and the annual percentage yield for all of them are based on the account’s daily balance.

  • Level 1: Daily balance of more than $500,000**
  • Level 2: Daily balance of $100,000-$500,000
  • Level 3: Daily balance of $50,000-$99,999.99
  • Level 4: Daily balance of $10,000-$49,999.99
  • Level 5: Daily balance of less than $10,000

* Interest is compounded and credited monthly

** Interest rate is paid on the portion of the balance that’s more than $500,000

One of the best things about a high-deductible health plan (HDHP) is the health savings account (HSA) that goes with it. Heartland’s HSA will help you save pre-tax dollars that you can spend on healthcare, as long as you’re covered by an HDHP.

ABOUT HEALTH SAVINGS ACCOUNTS

Because HDHP’s coverage really kicks in when something major happens, the HSA is designed to help you save up for the deductibles you’ll need to meet. The money is yours forever, and there’s no deadline to use it. There are rules around how much can be contributed to an HSA each year, so be sure to check before adding too much at once.

THE HEARTLAND BANK HSA

  • Minimum opening deposit is $50.
  • The set-up fee is only $20.
  • There’s no annual fee.
  • All of your money, even what you earn by investing your HSA funds, is tax free.
  • FREE HSA Visa® Check Card to make paying your medical expenses easy and secure
  • FREE Digital Banking with Bill Pay.
  • Your account accrues interest every month*.
  • Accounts with a balance of $2,500 or more earn more with a higher interest rate.
  • Money you take out of the account to pay for medical expenses isn’t taxable,
  • There’s a small $6 monthly service charge if the account’s balance falls below $500.

DAILY BALANCE INFORMATION

Heartland Bank’s HSA earns more money when the balance is higher. The interest rate and the annual percentage yield are based on the account’s daily balance.

  • Level 1: Daily balance of $25,000 or more
  • Level 2: Daily balance of $10,000 – $24,999.99
  • Level 3: Daily balance of $2,500 – $9,999.99
  • Level 4: Daily balance of Less than $2,500

* Heartland Bank uses the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. See our Rate Sheet for current interest rate and annual percentage rate.

Certificates of Deposit (CDs)

If you want your money to work a little harder without a long-term investment, a Certificate of Deposit (CD) could be the right thing for you.

CDs pay a fixed interest rate that’s determined by how long you leave your money in the CD. You decide up front which terms best suit your needs, and when the time’s up, you get your money back plus all the interest it’s earned.

Interest is usually very competitive, meaning it’s typically better than a regular savings account, and they’re FDIC insured, unlike stock purchases and those types of things.

A long-term CD might be a great gift for a newborn, or a family member heading off to college. They’re also great if you’re starting out and building credit, because a CD can be used as collateral for loans, allowing you to build your credit score while you earn interest on your savings.

Our rate sheet has the latest information on the current interest rate and annual percentage rate.

Start Saving

To learn more about our Savings Accounts and CDs, visit any of our convenient locations or give us a call at (888) 897-2276 during regular business hours.

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FAQs

Questions about opening and benefitting from savings and CDs? Here’s what you need to know.

Savings Accounts

We offer several different savings accounts. See above for more detailed information on all of your options.

  • Simply Savings
  • Capital Money Market
  • Super Money Market
  • Health Savings Account (HSA)

It’s different, based on what account type you want to open. See above for more details.

Your account starts earning interest the day it’s opened, based on what the rate is for that day.

Our rates are very competitive, and we offer great service, too.

Certificates of Deposit (CDs)

The minimum opening balance depends on the type of CD you want. Details are on the rates page.

The rates page also has the current rate interest and annual percentage yield for all of the CDs that are currently available.

Your CD accrues interest, at the rate for that day, from the day you open it.

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