Savings, CDs & Money Market

Save for your future

Select from a variety of savings options,* all with the security of FDIC insurance.

Money Market Accounts

Earn competitive interest with FDIC insured safety and still have convenient access to your money.


Elite Money Market Account


  • FDIC insured safety up to $250,000 (for deposits of more than $250,000, check out our CDARS program)
  • FREE Digital Banking – Includes mobile deposit, online bill payments, Apple Pay, Google Pay, Samsung Pay, eStatements1 and 24-hour telephone banking
  • FREE ATM use at any Hawthorn ATM and hundreds of ULTRA ATMs
  • Up to 6 withdrawals per statement cycle
  • Open your account with $1,500 or more
  • $20 monthly service charge is waived when you keep a balance of $10,000 or more



Money Market Account


  • FDIC insured safety up to $250,000 (for deposits of more than $250,000, check out our CDARS program)
  • FREE Digital Banking – Includes mobile deposit, online bill payments, Apple Pay, Google Pay, Samsung Pay, eStatements1 and 24-hour telephone banking
  • FREE ATM use at any Hawthorn ATM and hundreds of ULTRA ATMs
  • Up to 6 withdrawals per statement cycle
  • Open your account with $1,500 or more
  • $10 monthly service charge is waived when you keep a balance of $1,500 or more




Savings Accounts

Our savings accounts offer the safety, performance and flexibility to help you reach your long-term goals.


Round Up Savings Account

A Round Up Savings account can help you save for your future goals, large or small. With every debit card purchase, you'll be contributing to your savings. Earn interest on the money you set aside, while keeping it within easy reach. 

Plus, you'll have access to these convenient benefits:

  • FREE Digital Banking – Includes mobile deposit, online bill payments, Apple Pay, Google Pay, Samsung Pay, eStatements1 and 24-hour telephone banking
  • FREE ATM use at any Hawthorn ATM and hundreds of ULTRA ATMs
  • Open your account with just $25 or more
  • $3.00 monthly service charge is waived when you keep a daily balance of $25.00 or more
  • Balances are FDIC insured up to $250,000




Companion Savings Account

Some things are just better together! Open a new CD and you qualify for our high-yield Companion Savings Account up to the same deposit account. Please call the bank for today's competitive rates.

  • FREE Digital Banking – Includes mobile deposit, online bill payments, Apple Pay, Google Pay, Samsung Pay, eStatements1 and 24-hour telephone banking
  • FREE ATM use at any Hawthorn ATM and hundreds of ULTRA ATMs
  • Unlimited in-person withdrawals
  • No monthly service fee for balances over $1,000
  • Open your account with $1,000 or more. The initial deposit to open must match your new CD deposit. No additional deposits are allowed on this account. This account must be opened within 10 days of opening the associated CD.
  • $1,000 minimum balance to earn interest
  • $3.00 monthly service charge if balance falls below $100
 



Personal Savings Account

Earn interest on the money you set aside, while keeping it within easy reach.

  • FREE Digital Banking – Includes mobile deposit, online bill payments, Apple Pay, Google Pay, Samsung Pay, eStatements1 and 24-hour telephone banking
  • FREE ATM use at any Hawthorn ATM and hundreds of ULTRA ATMs
  • Open your account with $100 or more
  • $3.00 monthly service charge is waived when you keep a balance of $100 or more
  • $3.00 monthly paper statement fee is eliminated when you opt in for electronic statements1




Holiday Savings Account

Save for a very special holiday, without adding credit card debt.




More Savings Account

To earn higher interest on your savings, ask a banker about setting up a More Savings Account, with automatic transfers from a Value Checking Account. Additional terms and conditions apply; ask your banker for details.





Youth Savings Account

This account provides an easy way for anyone under age 23 to save for the future. 




Health Savings Account (HSA)

This account can help you save for qualifying medical expenses if you have a qualified High Deductible Health Plan (HDHP).2 The HSA not only helps you pay for qualifying out-of-pocket medical expenses, it can also help with retirement planning.

A Hawthorn Bank HSA can be an important part of your overall financial plan and offers you these important benefits:

  • Similar to an IRA, in that the money you contribute grows tax-free over time.
  • Your HSA contributions may be tax deductible.2
  • Unused balances can be carried over from year-to-year.
  • Withdrawals used to pay for qualified medical expenses are tax-free.  
How much will your HSA be worth over time?





CDs

Our Certificate of Deposit (CD) terms range from three months to five years, all with competitive rates, guaranteed performance and FDIC insured safety up to $250,000. For deposits of more than $250,000, check out our CDARS program. 

Please call the bank for today's competitive rates.

Use these calculators to see how your savings will increase.

Certificate of Deposit Calculator
Determine how much interest you can earn on a CD.

CD Ladder Calculator
Could you benefit from investing in a series of CDs with different maturities?


CDARS

More safety for more than $250,000 in deposits

Through the CDARS program, enjoy the safety of FDIC insurance even on deposits of more than $250,000, while you earn competitive CD interest with a trusted local source. Contact us today about CDARS.



IRAs

Our Individual Retirement Accounts (IRAs) are a safe, secure, tax-advantaged way to save for retirement. Your savings will earn consistent returns without the risks of the stock market, and will be FDIC insured up to $250,000. 

At Hawthorn Bank, IRAs are placed in CDs with terms of one year or longer. Additional contributions may be made to the Hawthorn 18-month IRA CD. Early withdrawal penalty may be assessed.

Depending on your income, your contributions to a Traditional IRA may help reduce your current income taxes, and you’ll pay no income taxes on your account until money is withdrawn, for faster account growth.2

If you choose a Roth IRA, you won’t get a tax break on your contributions, but your money will grow tax-deferred, qualified withdrawals during your retirement years are tax-free, and there are no required minimum distributions after age 70-1/2, as with a Traditional IRA.2

Use these calculators to explore both Roth and Traditional IRAs, or call or visit our nearest branch and we’ll discuss the best approach for you.

Roth IRA Calculator
Which type of IRA is right for you?

Traditional IRA Calculator
How much can contributing to a regular IRA help you in retirement? 

Roth IRA Conversion Calculator
Does it make sense to convert your Traditional IRA to a Roth IRA?


1 In order to avoid a $3.00 paper statement fee, you must enroll in online banking, opt in for eStatements and maintain an active online banking enrollment. An active online banking enrollment is maintained by logging into your online or mobile banking account at least once every 120 days. If requirements are not met, you will automatically receive paper statements and your account will be charged $3.00 per month.

2 For more information concerning eligibility, tax deductibility and other important issues, please consult your tax advisor.

* Any returned item which the bank resubmits for payment will be subject to an $8.00 per item handling charge.

* An Early Closeout Fee of $25.00 will be charged if you close your account within 30 days of opening.

* We charge a fee of $35 for each Stop Payment order you request.

* We charge a $35.00 Overdraft Item Fee each time we pay an item into overdraft. We charge a $35.00 Return Item Fee for each item we return unpaid. These fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. An item or payment may be presented multiple times and we do not monitor or control the number of times a transaction is presented. You agree that we may charge you a fee each time a payment is presented if the amount of money in your account is not sufficient to cover the payment, regardless of the number of times it is presented. Whether your overdrafts will be paid is discretionary, and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, you are not making regular deposits, or you have too many overdrafts. Overdrafts are expected to be repaid in a timely manner, and are payable upon demand.