From the most basic of banking needs to complex depository needs Legacy Bank has you covered. Our products are setup to maximize the value to our customers while not complicating the account structures or include hidden fees. For that reason we are often one of the lowest service charge structures in the market. Each account is designed for maximum efficiency depending on your usage.
Our products are also set up with our account users in mind. From mobile banking to ACH to internet banking we can offer multiple ways to manage and move your money. While offering an array of products, we also have employees trained to take care of your needs and specific issues. Personable customer-oriented staff offer our customers the best of both worlds. Big-time products with service only found in a hometown bank.
A starter account with features for students
A basic account with no minimum balance
(after $100 opening deposit)
A convenient account for those who are on the go
An account that rewards our established customers
|Minimum Balance to Open||$100||$100||$300||$1,000|
|Monthly Service Charge||N/A||N/A||$15.00
if average daily balance falls below $300
if average daily balance falls below $1,000
|Debit Card||*||$1 Non-Legacy ATM*||**||*|
|Bill Pay||$5 per month|
|Free Paper Statements||$5 paper statement with images||$5 paper statement with images|
|Checks||Please ask about our check prices|
* ATM Fee – you may be charged a fee from the ATM operator or network. Non-Legacy means an ATM that is outside Legacy Bank’s network or that is not Privileged Status.
** No Non-Legacy fee if direct deposit is set up. Non-Legacy means an ATM that is outside Legacy Bank’s network or that is not Privileged Status. You may be charged an additional fee from the ATM operator or network.
Great for churches, clubs & organizations
|Small Business Checking
Ideal for DBAs & Sole Proprietorships
Ideal for LLCs & Partnerships
|Legacy Business Checking
Ideal for Public Funds
Ideal for large companies
|Minimum Balance to open||N/A||$100||$500||$1,000||$1,000|
|Minimum Balance to avoid monthly service charge||N/A||$100 average daily balance to avoid $10 monthly service charge||$500 average daily balance to avoid $20 monthly service charge||$1,000 average daily balance to avoid $15 monthly service charge||N/A|
|Transaction Limitations||N/A||25 free debits per month; $.25 per debit after 25||Based on average balance*||N/A||$.25 per item processed|
|Interest Bearing||N/A||N/A||N/A||Tier Based||N/A|
|Business Checks||Please contact one of our locations for check prices|
* Average balance $0-$2,000 = 50 free transactions per month; $2,000-$5,000 = 75 free transactions per month; $5,000-$25,000 = 100 free transactions per month; $25,000 and up = unlimited free transactions per month. $.25 per debit after free transactions.
**Paper statements with images are available, a $5 plus tax fee applies
Holding money is often a major concern of many of our customers. How to do that effectively while giving our customers peace of mind is foremost on our priority list. Legacy starts with competitive rates for our account holders to earn interest while the funds sit. Couple that with the peace of mind that only comes with FDIC insured funds ($250,000 limit). Legacy is headquartered in Altoona, Iowa which means that our funds stay local and so does our commitment to our communities.
For customers over the maximum thresholds we offer multiple other products to protect your funds. From insured programs to government backed securities and funds, we are a one-stop shop for your savings needs.
A great way to start saving
A great way to save for the future
A safe and secure way to save
Maximize your potential
|Minimum Balance to Open||N/A||N/A||$200||$2,500|
|Minimum Balance Requirements||No minimum balance required until the age of 18||No minimum balance required until the age of 18||Minimum daily balance of $200||Minimum daily balance of $2,500|
|Monthly Service Charge||No monthly service charge until the age of 18||No monthly service charge until the age of 18||$5 statement cycle fee if below daily minimum balance||$5 statement cycle fee if below daily minimum balance|
|Interest Bearing||Tier Based*|
|Transaction Limits**||Six free debits per month||Six free debits per month||Six free debits per month||Six free debits per month|
*Please contact a Legacy Bank location for rates
** $1 per debit after free debit transactions
A safe & secure way to save
|Business Money Market
Maximize your earning potential
|Minimum Balance to Open||$200||$2,500|
|Service Charge||$5 service charge if balance falls below $200||$5 monthly service charge if balance falls below $2,500|
|Transaction Limits||6 debits per month, $1 per debit after six||6 debits per month, $1 per debit after six|
|Interest Bearing||Tier Based|
Do you have funds that need to be held securely, with the backing of a bank and that offers competitive rates? Legacy Bank offers a multitude of ways to hold these funds while earning ongoing income. Our rates change weekly with many durations and price points to fulfill your individual needs. At Legacy we don’t believe in teaser products or rate confusion which can lead to a product that may not be right for our customers or delivers a higher degree of risk than what people are initially lead to believe. Come see a Legacy representative to see what we can do for you.
Both Traditional and Roth IRAs are tax beneficial accounts to save specifically for retirement. While Traditional IRAs defer taxes on contributions until they are withdrawn, Roth IRAs are the opposite, taxing contributions but allowing them to possibly grow tax-free. We offer fixed rate timed deposits or variable rate savings account options.
Products and services continue to change. At Legacy we believe in offering our customers a wide variety of tools to help manage their money. Internet & Mobile Banking, Remote Deposit Capture and Cash Management all are examples of products designed to allow you the flexibility to manage your funds. Every day we strive to enhance these areas by tirelessly working on new ways to engage our customers. Talk to a customer service representative about seeing what we have for you.
|View account balance & history|
|Mobile check deposit|
|View Mobile Check Deposit(s)|
|Transfer money between accounts|
|Person to Person Payment|
|View Account Statements|
|Find a nearby ATM|
Running the many facets of a small business can be challenging and time consuming. Legacy Bank can help you improve your efficiency with the help of our various Cash Management Services. Our ACH department can help provide access to automatic payroll deposits, accounts payable services as well as electronic payments from your existing membership or customer base. Whether you are a small business, non-profit organization, government entity or other specialized business, let us sit down today and explore the options available to efficiently help your organization succeed.
The Grand Lifestyles Club is a distinctive and prestigious club that offers extra banking services and special benefits. Any valued customer of Legacy Bank who is 50 years of age or better may join this club.
When you join the Grand Lifestyles Club, you can take advantage of the special club package of extra banking services at Legacy Bank. You’ll also become eligible to participate in club trips, tours, events, and much more. We know how important service is to you. Legacy Bank offers first class service with a personal touch. We take the time to get to know all of our customers. Feel free to call us anytime with questions about finances and club activities, or to give us comments on our various banking services.
How to Qualify – It’s easy to become a member. As a customer of Legacy Bank all you have to do is meet one of the following requirements and you’ll start enjoying the benefits of the Grand Lifestyles Club:
*Joint accounts qualify for any account owner 50 or better. If members choose not to have accounts with the above minimum balance requirements there will be a $15 monthly fee.
Member Benefits – As a valued member of the Grand Lifestyles Club, you will receive the following special benefits:
1) Checking Account Grand Lifestyles Club members receive complimentary “club” checks plus no monthly service charge on your club checking account.
2) Bonus Rate on Certificates of Deposit The bank, from time to time, will offer special bonus rate promotions for a limited time to its members on designated Certificates of Deposit.
3) No Bank Charges on the Following:
4) No Annual Fee on Legacy Bank Debit Card – Club members at Legacy Bank will receive a free Legacy Bank Debit Card with no annual fees. All new club members, if desired, will receive a transaction lesson on how to use their card.
5) Insufficient Funds Transfer – In the event that a Grand Lifestyles Club member’s checking account becomes overdrawn, checks would be paid by debiting the member’s savings account (with adequate funds) if a member would want to sign up for this service by completing the automatic transfer authorization form at a branch. Standard overdraft charges apply.
6) Grand Lifestyles Club Activities Grand Lifestyles Club members can participate in a variety of activities: