Savings & Money Market Accounts

Savings & Money Market Accounts

Our personal bankers can help you reach your goals by maximizing what you earn on your savings.

As your community bank, one of our goals is to help our clients save money. To make it easier to save money, Monona State Bank offers you a variety of savings products to meet your banking needs.  As your trusted advisor, we’ll help you find the right account(s) to help you grow your money without the hassles or fees other banks charge.  Regardless of which savings or money market accounts you choose, you'll receive additional benefits to help make your banking easier.

To compare one or more of our savings account options, please see the chart below.


Savings Products:

True Savings

True Savings is our account for clients who want a straightforward savings account to help them meet their savings goals. The minimum to open this account is only $100 and there is no monthly account maintenance fee (usually $5) as long as you keep a daily minimum of $100 in your account or maintain an active checking account with our bank. If you want a basic account that still pays you interest, this may be the account for you. Click here to view today’s rates on this account.

To view additional benefits and optional services that True Savings offers, click here.

  • True Mobile Baking app/website lets you check on your accounts in real-time from any internet-enabled smartphone
  • DIAL Monona our 24/7 automated phone banking tool
  • MononaBank Online allows you to access your accounts from any internet device
  • Visa Check Card 
  • Surchargefree ATM access at more than 700 area ATMs
  • eStatements means you get your statements faster
  • Online Bill Pay lets you save postage
  • Notary Service

* Ask one of our Personal Bankers for a copy of our "Truth in Savings Disclosure" to review fees that may apply to this account.


Wealthbuilder Savings

Our Wealthbuilder Savings is for clients who like the higher interest rates of a short-term CD, but want the ability to access their money each month. The minimum to open this account is $2,500 and there is no monthly account maintenance fee (usually $25) as long as you keep a daily minimum of $2,500 in your account. Even better, you can make unlimited deposits into your Wealthbuilder account, as well as one withdrawal per month. The interest rates are tiered based on the balance you have in your account. If you want the higher interest that short-term CDs offer but want the flexibility to access your money each month, this could be the account for you. Click here to view today’s rates on this account.

To view additional benefits and optional services that Wealthbuilder Savings offers, click here.

  • True Mobile Baking app/website lets you check on your accounts in real-time from any internet-enabled smartphone
  • DIAL Monona our 24/7 automated phone banking tool
  • MononaBank Online allows you to access your accounts from any internet device
  • eStatements means you get your statements faster
  • Online Bill Pay lets you save postage
  • Notary Service

* Ask one of our Personal Bankers for a copy of our "Truth in Savings Disclosure" to review any fees that may apply to this account.


Junior Savings

At Monona State Bank, we believe that it is never too early to start saving. That’s why we offer our Junior Savings account for clients under 18 years old. This account is our special interest-bearing account, with a low $25 minimum to open and no minimum account balance requirements or account maintenance fees. This account is designed to encourage minors to get into the savings habit and learn about how compounding interest can help you grow your savings balance. We also offer our Junior Savers special newsletters and offerings throughout the year. Click here to view today’s rates on this account.

To view additional benefits and optional services that Junior Savings offers, click here.

  • True Mobile Baking app/website lets you check on your accounts in real-time from any internet-enabled smartphone
  • DIAL Monona our 24/7 automated phone banking tool
  • MononaBank Online allows you to access your accounts from any internet device
  • eStatements means you get your statements faster
  • Online Bill Pay lets you save postage
  • Notary Service

* Ask one of our Personal Bankers for a copy of our "Truth in Savings Disclosure" to review fees that may apply to this account.


Money Market Products:

True Money Market

This investment savings account offers higher interest rates with the added benefits of up to six withdrawals or transfers per month with no fees ($5 fee for every withdrawal more than six per month) and multiple methods to access your funds, including check-writing access. There is a $2,500 minimum deposit to open this account and there is a $2,500 minimum daily balance required to avoid the usual $10 monthly maintenance fee. The interest rates are tiered based on the balance you have in your account. Click here to view today’s rates on this account.

To view additional benefits and optional services that True Money Market offers, click here.

  • True Mobile Baking app/website lets you check on your accounts in real-time from any internet-enabled smartphone
  • DIAL Monona our 24/7 automated phone banking tool
  • MononaBank Online allows you to access your accounts from any internet device
  • Visa Check Card 
  • Surchargefree ATM access at more than 700 area ATMs
  • eStatements means you get your statements faster
  • Online Bill Pay lets you save postage
  • Notary Service

* Ask one of our Personal Bankers for a copy of our "Truth in Savings Disclosure" to review fees that may apply to this account.


True North Money Market

This investment savings account offers higher yields than the True Money Market account with many of the same ways to access your funds, but does not allow you to withdraw from this account using checks. There is a $10,000 minimum deposit to open this account and you can avoid the usual $25 monthly maintenance/service charge when you maintain a minimum daily balance of $10,000 and have a checking account linked to your True North Money Market account. The interest rates are tiered based on the balance you have in your account. Click here to view today’s rates on this account.

To view additional benefits and optional services that
True North Money Market offers, click here.

  • True Mobile Baking app/website lets you check on your accounts in real-time from any internet-enabled smartphone
  • DIAL Monona our 24/7 automated phone banking tool
  • MononaBank Online allows you to access your accounts from any internet device
  • Visa Check Card
  • Surchargefree ATM access at more than 700 area ATMs
  • eStatements means you get your statements faster
  • Online Bill Pay lets you save postage
  • Notary Service

* Ask one of our Personal Bankers for a copy of our "Truth in Savings Disclosure" to review fees that may apply to this account.


To help you decide which saving(s) accounts best meet your needs, review the chart below for more details about each of our five savings products. You can also call us or visit one of our four convenient locations to talk to one of our experienced personal bankers today for assistance with choosing the best account for your needs.


Savings Account Comparison

  True Savings WealthBuilder Savings Junior Savings
Account Features Our traditional savings account to help you meet your saving goals. Alternative to short term CD, with unlimited deposits and one monthly withdrawal at no charge. Special interest bearing account that encourages children up to age 18 to start saving.
Minimum Deposit to Open $100 $2,500 $25
How Interest is Paid Credited & Compounded Monthly Credited and Compounded Monthly Credited & Compounded Monthly
Minimum Daily Balance Per Statement Cycle $100 $2,500 N/A
Monthly Account Maintenance Fee $5 minimum balance service charge if balance falls below $100.
Waived with Checking Account
$25 minimum balance service charge if balance falls under $2,500 N/A
Monthly Withdrawals
(includes ATM, phone transfers, online transfers, ACH, in-person, etc.)
Six (6)
$5 each after first six.
One (1)
$20 each after one.
Six transfers or withdrawals per month.
Statement Frequency Monthly Quarterly Quarterly

Money Market Comparison

  True North Money Market True Money Market
Account Features High yield investment account offering security and convenient access to funds. No checks provided with this account, simply transfer funds to your required checking account.  Investment account offering variety of access methods to funds, including check access.
Minimum Deposit to Open $10,000 $2,500
How Interest is Paid Credited & Compounded Monthly Credited & Compounded Monthly
Minimum Daily Balance Per Statement Cycle $10,000 $2,500
Monthly Account Maintenance Fee $25 Minimum Balance Service Charge if balance falls below $10,000; $25 if no Checking Account is linked. $10 minimum balance service charge if balance falls below $2,500
Deposits Unlimited Unlimited
Monthly Withdrawals
(includes ATM, phone transfers, online transfers, ACH, in-person, etc.)
Six (6) non-check withdrawals.
$5 each after first six.
Six (6)
(includes checks)
$5 each after first six.
Statement Frequency Monthly Monthly
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