If you're a saver in Iowa, you are fortunate. Banks and credit unions in Iowa offer some of the best deposit rates in the country. One credit union that's on this list is Collins Community Credit Union. It's offering special CDs with some very competitive rates. The best one is the 1-year CD which has a top rate of 1.51% APY for a $250K minimum deposit. The rates are still competitive for smaller balances. Some of these include 1.36% APY for a $10K minimum and 1.46% APY for a $100K minimum. The other CD specials include a 1.66% APY 2-year CD with a $10K minimum and a 2.27% APY 4-year CD with a $10K minimum. These rates are listed in the credit union's CD rates page as of 8/26/2011.
The credit union also offers a reward checking account with a top rate of 3.00% APY for balances up to $25K as of 8/26/2011.
Membership is open those living or working in one of several counties of Eastern Iowa. Please refer to the credit union's membership page for the full details.
Collins Community Credit Union branches are mostly located in Cedar Rapids. There are also branches in the Iowa cities of Marion and North Liberty.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 9.41% (above average) based on March 2011 data. Please refer to our financial overview of Collins Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 62969).
How These CD Rates Compare
The best 1-year CD rate at a bank that's nationally available is 1.27% APY at AloStar Bank of Commerce (formerly Nexity Bank). The best 1-year CD rate at a credit union is 1.50% APY at Connexus Credit Union. This requires an active checking account.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.