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14 Month CD: 1.60% -- 5 Month CD: 1.10%

Saturday, August 6, 2011 - 4:19 PMUnited Bank of Iowa - Details
Bank of Iowa is offering a 14-month CD for as high as 1.60% for balances of $25,000 and up, and a 5-month CD for 1.10% for balances of $25,000 and up. This posted online as of Aug. 6.

The bank has 24 locations around Iowa, and it has been noted in previous aritcles on this Website that "it appears a branch visit is needed" to open an account. However, a branch visit is NOT needed to open an account, accounts can be opened via mailing their account application form, which is available online. I do not know if they will take accounts from out of state -- their Website does not say anything about that, so they very will might take accounts from any state. The application does ask for you to select the state for your address, rather than putting in the default of Iowa, and it does the same for your driver's license.

The online account application form is at:

New Account Application

The rates page is at:

Rates

The interest rate stated is simple interest, so the rate is also the APY. Interest is paid at maturity. 
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me1004me1004343 posts since
Jan 16, 2010
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