Personal Money Market Accounts in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Money Market Account & Rates in Eastern Iowa

Earn More with a Money Market in Iowa

Start growing your savings with a money market account designed for Eastern Iowa residents. Whether you live in Marion, Cedar Rapids, Hiawatha, or nearby communities, you’ll earn competitive interest rates, keep your money accessible, and experience hometown banking in Iowa. Apply online today!

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Money Market Account Details

Key Features:

  • Rates as high as 1.75% APY - See all rates
  • Minimum Opening Deposit: $1,000

  • No Fees: Avoid the $6 monthly maintenance fee2 by maintaining a $1,000 balance

  • Flexible Access: Make up to 6 transfers per month, including checks, with unlimited in-person withdrawals and ATM transactions

  • 24/7 Account Management: Access your funds anytime with online banking or FSB’s Mobile Banking App1

Our Money Market Account strikes the perfect balance between high returns and easy access, making them a popular choice among Eastern Iowa savers.

Benefits of a Money Market Account for Iowa Savers

FSB’s Money Market Accounts give you the flexibility to grow your savings while still having access when you need it.

Icon for No Deposit Limit - A benefit of opening a Money Market with FSB in Eastern Iowa

No Deposit Limit

FSB's Money Markets have NO deposit caps.

Icon for No Maturity Date - A benefit of opening a Money Market with FSB in Eastern Iowa

No Maturity Date

Enjoy your account for as long as you want.

Icon for Easy Access to Funds - A benefit of opening a Money Market with FSB in Eastern Iowa

Easy Access to Funds

Withdraw your funds at your convenience.

Opening my money market account at FSB was quick and simple. Amy took care of me the same day, and it was more than easy!
- Allie R.

Current Money Market Account Rates at FSB

Earn more on higher balances without tying up your money. Our tiered interest rates reward larger balances so your savings work harder.

Daily Balance APY Rate
$0–9,999.99 0.20% 0.20%
$10,000.00–49,999.99 0.40% 0.40%
$50,000.00–99,999.99 0.75% 0.75%
$100,000.00–249,999.00 1.25% 1.24%
$250,000.00+ 1.75% 1.74%

$1,000.00 deposit required to open account

How to Open a Money Market Account

Apply Online or In Person

Start your application online or visit a nearby branch in Marion, Cedar Rapids, or Hiawatha.

Fund Your Account

Open with a minimum of $1,000 by transferring funds, depositing a check, or bringing cash.

Start Earning Interest

Earn tiered rates on higher balances while keeping your funds easily accessible!

FAQs: Money Market Accounts & Rates

FSB’s Money Market Accounts offer competitive interest rates and convenient access to your funds, helping you reach your savings goals. Get started online today!

A money market account is an interest-bearing deposit account offered by banks and credit unions. It combines features of a savings account and a checking account, allowing you to earn competitive interest rates while still maintaining access to your funds.

At FSB, our Money Market Accounts & Rates are designed for Eastern Iowa residents who want to grow savings without giving up liquidity.

Money market accounts work by paying interest on the money you deposit, typically at higher rates than a regular savings account. The interest rate is often tiered, meaning larger balances earn a higher annual percentage yield (APY). While federal rules may limit certain types of withdrawals or transfers, you can still make in-person withdrawals or ATM transactions without restriction.

FSB’s Money Market Account & Rates let you take advantage of this structure while keeping your money accessible through online and mobile banking.

Interest on an FSB Money Market Account is calculated using the daily balance method, which applies a daily periodic rate to your balance each day. Interest is compounded monthly and credited to your account monthly. This means your balance grows steadily over time, and you receive your earned interest at the end of each statement cycle.

FSB’s Money Market Account & Rates let you take advantage of this structure while keeping your money accessible through online and mobile banking.

Yes. With FSB’s Online Banking and Mobile Banking App, you can check balances, transfer funds, deposit checks, and manage your account 24/7 from anywhere. You can also set up alerts, schedule transfers, and review your transaction history without visiting a branch. This makes it simple to manage your Money Market Account & Rates whether you are in Marion, Cedar Rapids, Hiawatha, or elsewhere in Eastern Iowa.

Yes. Money market accounts at FSB are FDIC insured up to the standard insurance limits, currently $250,000 per depositor, per ownership category. This protection covers your deposits in the unlikely event of a bank failure, giving you peace of mind that your savings are secure.






Ready to Open a Money Market?

If you’re in Eastern Iowa and want a savings option that combines competitive interest with flexibility, an FSB Money Market account could be the perfect fit. Apply online today or visit one of our local branches in Marion, Cedar Rapids, Hiawatha, or surrounding areas.

Start Your Application

Two professionals discussing debt consolidation options at FSB in Eastern Iowa.

Why Choose FSB for Your Money Market Account in Iowa

At FSB, our money market account & rates give Eastern Iowa residents a safe, high-interest option to grow savings without losing access to their funds.

Unlike many national banks, our rates are competitive for Iowa markets, and our team understands the needs of local savers. We combine personal service with digital tools so you can bank on your terms.

Money Market Account Disclosures

Additional Terms and Conditions Apply.
Interest bearing account – refer to FSB rate sheet for information on Interest Rates and Annual Percentage Yields.
All rates are subject to change without notice. FSB is not responsible for typographical errors or omissions.
1Message and data rates may apply.
2Plus applicable sales tax if assessed.