Money Market Accounts from Decorah Bank

Money Market Accounts

Enjoy Higher Interest Rates with a Money Market Account

At Decorah Bank & Trust we strive to offer a wide variety of savings account options to help you reach your savings goals. While investing in the stock market via individual stocks, mutual funds, or a 401K can generate wealth, these investments are often high risk, especially in volatile economic times. 

Money market accounts (also called money market deposit accounts) pay higher interest rates than our traditional savings accounts and are a lower-risk option than other saving solutions. As part of our wide selection of financial services, Decorah Bank & Trust offers FDIC insured money market accounts as a reliable financial tool for a well-rounded savings strategy.

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Money Market Accounts

A money market account is an excellent low-risk way to grow your money. Unlike traditional mutual funds that invest in the volatile stock market, these money market accounts invest in short-term debts with the lowest credit risk. The security offered by these accounts makes them a smart addition to a diversified investment portfolio. 

Much like a savings account, our money market accounts allow you to access your funds easily. Our money market accounts also generate a higher return on investment than current savings account interest rates typically offer. Contact one of our personal bankers today to see if a money market account is a good option for your investment strategy. Our personal bankers are here to answer all of your questions and provide personalized advice to help you find the best savings account option for your unique needs!

Features of our money market accounts include:

  • Free eStatements
  • Paper Statements Available For a Monthly Fee 
  • Free ATM Card (No Annual Fee, Free ATM Withdrawals)
  • Digital Banking (Including Mobile Deposits)
  • Check writing capability 

Our money market accounts have no maintenance fees and require an initial deposit to open. Interest is paid on a daily balance method based on money market account tiers. View our money market account tiers below.

Interest Paid on Daily Balance Method  
Tier I $750 - $19,999
Tier II $20,000 - $49,999
Tier III $50,000 - $99,999
Tier IV $100,000 - $199,999
Tier V $200,000+


Comprehensive Banking Services

As part of Decorah Bank & Trust’s commitment to our customers and community, we offer many other beneficial banking services and financial products to help you grow your wealth and save for all that life has to offer. From several types of traditional IRA and Roth IRA plans to a wide variety of savings account options and certificates of deposit with competitive interest rates, we have the right mix of savings tools for you and your family!

Invest In a Bright Future With Decorah Bank & Trust

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