Where Everyday Banking Feels Premium
FSB’s Benefits Checking Account is our premium account that earns interest† and recognizes the value of your relationship with us. It offers added convenience, exclusive benefits, and a higher level of service designed for customers who expect more from their bank.
Benefits of Our Premium Checking Account
Interest Earnings
Earn interest† with a variable rate that adjusts based on your daily balance.
Premium Perks
Receive free cashier's checks, a free safe deposit box,5 and discounts on paper checks.
ATM Flexibility
Get $20/month in refunds for fees charged by ATM owners. (No FSB ATM fees)
Protection Benefits
Get IDProtect® and cell phone protection2 for added security and peace of mind.
Benefits Checking: FSB's Premium Account
Benefits Checking offers competitive interest rates and valuable everyday perks.
Premium Benefits & Perks
Everyday Banking
- Free ATM transactions at all FSB-owned ATMs1
- Refund up to $20/month in non-FSB ATM fees
- 5 free cashier's checks per month
- No gift card or travel card fees
Identity & Security Protection
-
IDProtect® for you, joint account owners, and eligible family members, including:
- Cell Phone Protection2 up to $400 for replacement or repair costs
Additional Perks
- Free 3x5 safe deposit box5 or the same discount on a larger size
- 25% discount on printed checks
- Exclusive Benefits Checking customer call center
Competitive Interest Rates
Earn competitive interest with our tiered rate structure that rewards higher balances.
| Daily Balance | APY | Rate |
|---|---|---|
| $0 - $999.99 | 0.05% | 0.05% |
| $1,000.00 - $19,999.99 | 0.05% | 0.05% |
| $20,000.00+ | 0.10% | 0.10% |
Rates may vary and are subject to change after account opening. Fees may reduce earnings on these accounts. Interest Rates and Annual Percentage Yields are current as of the date of the last rate change. For current rate information, call 319-377-4891. APY = Annual Percentage Yield | Rate = Interest Rate
Account Requirements & Fees
Account Minimums
- Minimum to open: $100
- Minimum to avoid fees: $20,000 average daily balance of combined consumer deposits, consumer loans, and/or ag loans
- Monthly fee if below minimum:6 $20
Three Steps to Open a Benefits Checking Account
FSB’s Benefits Checking gives you interest† earnings, premium perks, and strong protection features. Apply online to get started!
1
Open your Benefits Checking Account with a $100 deposit at any FSB branch or online.
2
Enroll in eStatements to simplify your recordkeeping and stay organized.
3
Set up your Premium Checking perks, including IDProtect® and cell phone protection.
Compare FSB's Personal Checking Accounts
Find the checking account that fits your lifestyle. Compare features and decide which one meets your unique needs.
Features Included With Every FSB Checking Account
Every FSB checking account includes secure, reliable features designed to support your everyday banking needs in Iowa.
Open Your Benefits Checking Account
Enjoy interest† earnings, premium perks, and added protection features with Benefits Checking. Our personal bankers are ready to help you open your account online or in a branch.
I like knowing my money is handled by people who care. The extra features have been a nice bonus.- Rachel S., FSB accountholder in Iowa
Common Questions About FSB’s Benefits Checking Account
Get quick answers to the most common questions about opening and using your Benefits Checking Account.
What is a Premium Checking Account?
A Premium Checking Account is a checking account that includes interest earnings, added perks, and expanded services that go beyond standard checking.
FSB’s Benefits Checking is a Premium Checking Account that offers interest based on your daily balance, ATM fee refunds, protection services, and benefits such as free cashier’s checks and a free safe deposit box.
It is designed for customers who want more value and prefer a checking account that supports higher combined balances.
Are premium checking accounts worth it?
Premium checking accounts are worth it when you can take advantage of the added benefits. If you keep higher combined balances across checking, savings, or loans, a Premium Checking Account offers stronger value through interest earnings.
The extra perks, including ATM fee refunds, protection services, and free or discounted banking tools, often exceed the monthly cost when the balance requirements are met.
Customers who want more support and everyday convenience find that the added features provide a better banking experience.
Who is FSB's Benefits Checking built for?
FSB's Benefit Checking Account is built for customers who maintain higher balances and want a checking account with added value. It fits individuals who prefer interest earnings, use ATMs regularly, or want services such as IDProtect, cell phone protection, or free cashier’s checks.
It also works well for customers who want broader relationship benefits, since the monthly fee can be waived with combined deposits and loans. This account is a good fit for customers who want one checking account that brings together interest, perks, and added protection.
How do I activate the IDProtect® perks?
After your Benefits Checking account is open, visit eClubOnline.net and create your account using the activation code in your Welcome Packet.
Once you log in, you can turn on identity monitoring, activate credit file monitoring, and confirm your identity by answering verification questions. You will then receive monthly monitoring alerts and can access your fraud resolution specialist if you ever need support.
How do I activate the cell phone protection benefit?
There is no extra registration step. The coverage begins when you pay your monthly mobile phone bill from your Benefits Checking account.
Once the bill is paid this way, you become eligible for up to $400 in repair or replacement coverage for your phone.
FSB's Premium Checking Account Disclosures
1ATM owner may charge fee. These are not subject to reimbursement by FSB.
2Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions, and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the insurance document.
3Benefits are available to personal checking account owner(s), their joint account owners, and their eligible family members subject to the terms and conditions set forth in the Guide to Benefit and/or insurance documents for the applicable Benefits. Benefits are not available to a "signer" on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household.
4Credit file monitoring may take several days to begin following activation.
53x5 Safe Deposit Box or equivalent discount on a larger size (not FDIC insured; key deposit required)
6If monthly balance is not met. Plus applicable sales tax.
3Benefits are available to personal checking account owner(s), their joint account owners, and their eligible family members subject to the terms and conditions set forth in the Guide to Benefit and/or insurance documents for the applicable Benefits. Benefits are not available to a "signer" on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household.
4Credit file monitoring may take several days to begin following activation.
53x5 Safe Deposit Box or equivalent discount on a larger size (not FDIC insured; key deposit required)
6If monthly balance is not met. Plus applicable sales tax.
7Message and data rates may apply.
8Earn a $7 reward each month when you receive eStatements and make at least 25 signature-based debit card transactions (excluding PIN-based and ATM transactions) of $20 or more. The qualifying transactions must post and clear on or before the last business day of the month. When requirements are met, the $7 reward will be credited to your account on the last business day of that month.
†All rates are subject to change without notice. Interest bearing account – refer to FSB rate sheet for information on Interest Rates and Annual Percentage Yields. FSB is not responsible for typographical errors or omissions.
This account is an interest-bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. All rates are subject to change without notice. Interest on your account will accrue no later than the business day we receive credit for non-cash items (for example, checks) deposited into your account. If you close your account before interest is credited, you will receive the accrued interest. Interest will be compounded monthly and will be credited to the account monthly. See the Rate Chart for current rates and annual percentage yields.
