Dedicated to Deposits: Deals, Data, and Discussion
University of Iowa Community Credit Union1.20%$500-49 - 60 Month CD
University of Iowa Community Credit Union0.95%$500-37 - 48 Month CD
University of Iowa Community Credit Union0.60%$500-13 - 24 Month CD
Accounts mentioned in this post. Rates as of August 28, 2014

New CD Rate Specials at University of Iowa Community Credit Union - Local Only


University of Iowa Community Credit Union

University of Iowa Community Credit Union has changed its CD specials. One of the CD specials have changed to a shorter term and a higher rate. However, two of the longer-term specials had rate cuts. Even with these rate cuts, these special CD rates remain very competitive. The following are the 3 special CD rates for a $1,000 minimum deposit as listed at the credit union's rates page as of 8/16/2012:

  • 2.00% APY 33-month CD special
  • 1.50% APY 22-month CD special
  • 1.25% APY 10-month CD special

You can get an additional 20 basis points on these rates for a $250K minimum deposit or an additional 10 basis points for a $100K minimum. This also applies to the credit union's standard CD rates. The best standard CD rates for a $1,000 minimum deposit include:

  • 2.15% APY 49-60 month CD
  • 2.00% APY 37-48 month CD
  • 1.15% APY 13-24 month CD

The above rates also apply to IRA certificates.

The early withdrawal penalty is 180 days of interest for CD terms of 12 months and up. This is according to my conversation with a CSR earlier this year. I have not been able to find EWP details in the credit union online documentation.

Reward Checking Account Remains a Good Deal

The credit union continues to offer a very competitive reward checking account. It pays 3.00% APY on balances up to $25K if certain monthly requirements are met (as of 8/16/2012). The last rate cut was in late June when the top rate fell from 3.25% to 3.00% APY. I first reviewed this account in January 2008 when it paid 6.00% on balances up to $50K.


In addition to University of Iowa alumni, membership is open to those who live or work in any of more than a dozen counties in Eastern Iowa. Please refer to the credit union's About Us page for more details.

Credit Union Overview

UICCU branches are located in Cedar Rapids, Iowa City, Coralville, North Liberty, Grinnell, Vinton and Hiawatha.

The credit union has an overall health score at of 5 stars (out of 5) with a Texas Ratio of 5.85% (excellent) based on March 2012 data. Please refer to our financial overview of University of Iowa Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 60269).

Searching for the Best CD and IRA CD Rates

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Related Pages: Iowa, University of Iowa Community Credit Union, CD rates, IRA rates

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Comment #1 by 51hh posted on
I still keep UICC RCA but they converted the RCA to fee-free checking due to lack of activity. 

NavyArmy CCU has a better CD (3%, 30 Month). 

I have accounts with both.

Comment #2 by KenBDG posted on
That NavyArmy CCU 30mo CD is probably the best deal out there. I don't know how they are able to offer that. It would still be a good deal even if the rate was just half of 3% (relative to other 30mo and 36mo CDs).

Comment #3 by Anonymous posted on
The fine print on the NavyArmy 30 mo CD states that This account will automatically renew at maturity to a term of TWO YEARS at the then TWO YEAR TERM SHARE CERTIFICATE rate.  

So it is really a 5 year CD with a rate that is a weighted average of 3% and some unknown APY.  


Comment #4 by pearlbrown posted on
Anon#3, the "fine print" on the NavyArmy 30month CD is pretty standard.  Most CDs are set up to automatically renew at maturity.  The 30-month term is a special one, not usually offered, so NavyArmy is letting you know that it will renew into a 2-year term certificate IF you do not close the CD within the grace period.   CDs typically have a grace period at maturity when you can withdraw the funds without penalty. 

Ken did a good job covering this here.