Who has the best CD rates in Iowa?
John Johnson
Updated on March 25, 2026
Iowa CD Rates 2021
| Banks | APY | MIN |
|---|---|---|
| Iowa State Bank | 0.89% | $1,000 |
| Bank Plus | 0.86% | $1,000 |
| American Bank, National Association | 0.85% | $10,000 |
| American State Bank | 0.85% | $10,000 |
Which local bank has the best CD rates?
Best CD rates of August 2021
- Marcus by Goldman Sachs: 6 months – 6 years, 0.15% APY – 0.60% APY; $500 minimum deposit to open.
- Synchrony Bank: 3 months – 5 years, 0.15% APY – 0.80% APY; no minimum deposit needed to open.
- Barclays Bank: 3 months – 5 years, 0.10% APY – 0.25% APY; no minimum deposit needed to open.
What bank or credit union has the best CD rates?
Best 1-year credit union CD rates — August 2021
- Delta Community Credit Union: 0.65% APY, $1,000 minimum deposit.
- Alliant Credit Union: 0.55% APY, $1,000 minimum deposit.
- Navy Federal Credit Union: 0.55% APY, $1,000 minimum deposit.
- Pentagon Federal Credit Union: 0.55% APY, $1,000 minimum deposit.
What is the typical interest rate for a certificate of deposit?
According to Bankrate’s most recent national survey of banks and thrifts, the average rate for a 1-year CD is 0.17 percent. The average rate for a 5-year CD is 0.31 percent. The average rate for a 1-year jumbo CD is 0.19 percent. The average 5-year jumbo CD rate is 0.32 percent.
Is Farmers State Bank a good bank?
It has a strong Texas Ratio of 8.29%, suggesting that the bank is in fine financial health and far from failure. Additionally, Farmers State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
What are the CD rates for Wells Fargo?
Open a Standard CD account
| Term | Interest Rate | Balance |
|---|---|---|
| 3 months | 0.01% | $100,000 + |
| 6 months | 0.01% | $0 – $4999 |
| 0.01% | $5000 – $9999 | |
| 0.01% | $10000 – $24999 |
What credit union has the highest interest rates?
Highest Checking Account APY: Consumers Credit Union With 4.09% APY on checking account balances up to $10,000, Consumers Credit Union (CCU) offers the highest checking interest rate we’ve found at any depository institution.
Will CD rates go up or down in 2021?
CD rates should stay low in 2021 Online banks typically pay higher interest rates on CDs than national brick-and-mortar banks. Online CD rates went down in 2020, but they probably won’t decrease much more in 2021, because they need to pay higher rates to compete with large banks like Chase or Bank of America.
What’s the best CD interest rate in Iowa?
Below are the best one-year CD Rates from banks in Iowa. One-year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts. 1 Year CD National Average : 0.41% ?
What do you call a certificate of deposit?
A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest.
How to find the best credit union CD rates?
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed. Please choose at least two or more products for the comparing process. You can select and compare products from any of the CDs or Savings tables.
Why are CD rates so low in Illinois?
Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings.
