Q. Are Iowa State Bank deposit accounts FDIC insured?

A. Yes, Iowa State Bank is a member of the FDIC, so your deposit accounts with us are insured up to $250,000 per ownership category. To learn more about FDIC insurance limits, click here.

Q. What are APY and APR?  

A. APY, or Annual Percentage Yield, tells you the return you will receive on a deposit over a one-year period, based on the interest rate and interest compounding frequency.

APR, or Annual Percentage Rate, tells you the effective rate you will pay a lender on a loan over a one-year period.

Q. What is the difference between Available Balance and Current Balance?

A. “Current Balance” is the sum of all posted/cleared transactions and does not include pending transactions.
“Available Balance” includes all transactions, both cleared and pending. Please go by the Available Balance to determine how much you have left to spend in your account.