Savings State Bank's (IA) Rewards Checking Still A Top Earner


Availability: Residents of Iowa living in Polk, Jasper, and surrounding counties.

For more than six years, State Savings Bank’s Rewards Checking Account has earned 3.30% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY; non-qualifying balances earning nothing.

3.30*%-$25kState Savings BankRewards Checking Account
Accounts mentioned in this post. Rates as of October 28, 2016.

Rewards Checking Account Qualifying Requirements

  • 15 or more non PIN-based debit card transactions.
  • Five or more ACH Debits, or five or more Bill Pay transactions, or one State Savings Bank Auto Loan Payment.
  • One or more Direct Deposit.

While the Rewards Checking Account has no minimum balance requirement, no monthly service fees, and no minimum balance to open, there is a limit of one account per primary account holder.


Headquartered in West Des Moines, State Savings Bank’s market area includes Polk and Jasper Counties, and their surrounding counties.

Opening an Rewards Checking Account can be done at either of the two Iowa branches, located in West Des Moines and Baxter.

While State Savings Bank’s online platform is currently limited to account management and bill payment services, the Bank does have an online form to start the application process.

Once you've submitted this form, a State Savings Bank representative will contact you
and schedule a convenient time to meet with you and finish the new account process.

Bank Overview

State Savings Bank (FDIC Certificate # 248) has an overall health grade of "A+" at, with a Texas ratio of 3.00% (excellent) based on December 31, 2015 data. In the past year, State Savings Bank has increased its total deposits by $4.92 million, an excellent annual growth rate of 5.9%. Please refer to our financial overview of State Savings Bank for more details.

State Savings Bank first opened its doors for business on the 4th of July, 1894, and has continuously served its local community for more than 120 years. Like so many banks in America’s "Bread Basket," State Savings Bank was established to help the local agricultural community and continues that mission today with its "Iowa’s Beginning Farmer" program.

How the Rewards Checking Account Compares

When compared to the High Yield Reward Checking Accounts tracked by that are available to residents of the Des Moines-Ames metro area and have maximum qualifying balances of at least $25k, State Savings Bank’s Rewards Checking Account APY currently ranks first.

The above rates are accurate as of 5/20/2016.

To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.