Iowa CD Rates
Today at Online Banks Blog, we thought we should have a look at some regional certificate of deposit rates. So today we’re going to have a look at CD rates in Iowa and over the next few days, we’ll look at more states.
We’ll look at one, three, and five-year terms and then rank by annual percentage yield (APY) and minimum deposit requirement.
For the one year term, Ally Bank has the best Iowa CD rates at 1.48% APY with no minimum deposit requirement to open and maintain. Principal Bank has a 0.90% APY with a $5,000 minimum deposit and West Bank has a 0.75% APY with a $1,000 minimum deposit requirement.
For a 3 year term Iowa CD, the best rates at again at Ally with a 2.27% APY and no minimum deposit. Principal Bank has a 1.61% APY to compete and a $5,000 minimum deposit requirement. Bank of America has a 1.50% APY with a $1,000 minimum deposit required.
In a five-year Iowa CD rates offer, we see Ally again at the top with a 2.94% APY and no minimum. West Bank has a 2.75% APY with a $1,000 minimum followed by Principal Bank with a 2.43% APY and a $5,000 minimum deposit required to open and maintain.
Of course, all banks listed are fully FDIC insured. If any of these CD rates in Iowa appeal to you, lock yours in today. Rates can change at any time.
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