Dedicated to Deposits: Deals, Data, and Discussion

5.70% 7-Month CD at an Iowa Bank (American Bank)

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American Bank N.A. is offering a special 5.70% APY 7-month certificate of deposit. The minimum is $10,000. Interest is paid at maturity.

The bank has branches in Le Mars and Remsen, Iowa. These cities are about 25 miles northeast of Sioux City. From the website, it's not clear if they accept deposits by mail. I've sent an email requesting more information.

American Bank has been FDIC insured since 1934. It has a 4 out of 5 star safe and sound rating (sound) by Bankrate.com.


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