University of Iowa Community Credit Union has increased the rate of its 25-month CD and IRA CD special from 2.55% to 3.00% APY. Minimum deposit is $1,000. The rate is 3.15% APY for a $100K minimum deposit. The credit union continues to have other competitive CD specials including a 2.00% APY 15-month CD (2.15% over $100K) and 2.75% APY 35-month CD with add-on and bump features (2.90% over $100K). These rates are listed in the credit union's rates page as of 2/3/2010. Refer to my January review for more details.
In addition to University of Iowa students, membership is open to those who live or work in any of the following Iowa counties: Johnson, Linn, Poweshiek, Iowa, Muscatine, Washington, Cedar, Tama, Louisa, Keokuk, Benton, Marshall, Jasper, or Mahaska. Please refer to the credit union's About Us page for more details.
Branches are located in Iowa City, Coralville, North Liberty and Grinnell.
The credit union's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 60269).
Iowa Deposit Account Rates and Deals
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Hot 25-Month CD Special at University of Iowa Community CU - Local Only
Wednesday, February 3, 2010 - 9:34 AM CT
Competitive 18-Month CD Special at Greater Western Bank in Several States - Local Only
Monday, February 1, 2010 - 8:48 AM CT
Greater Western Bank is offering three CD specials. The most competitive one is a 2.18% APY 18-month CD. The other two are a 2.68% APY 38-month CD and a 3.08% APY 58-month CD. These rates include a 0.15% bonus for new or existing checking or savings account customers. Minimum deposit is $5,000, and new money is required. These special CD rates are listed in the bank's CD page as of 2/01/2010.
It appears that a branch visit is required. Branches are located in the states of Arizona, Colorado, Kansas, Nebraska, South Dakota, Iowa and Missouri.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1935 (FDIC Certificate # 15289).
2.55% 25-Month CD at University of Iowa Community CU - Local Only
Sunday, January 3, 2010 - 7:13 PM CT
University of Iowa Community Credit Union is offering three competitive certificate and IRA specials:
My last post on this credit union was in January 2008 when the credit union was offering 6.00% on balances up to $50K on its reward checking account. The rate and balance cap have fallen, but it still remains competitive with a 4% APY on balances up to $25K as of 1/3/10.
In addition to University of Iowa students, membership is open to those who live or work in any of the following Iowa counties: Johnson, Linn, Poweshiek, Iowa, Muscatine, Washington, Cedar, Tama, Louisa, Keokuk, Benton, Marshall, Jasper, or Mahaska. Please refer to the credit union's About Us page for more details.
Branches are located in Iowa City, Coralville, North Liberty and Grinnell.
The credit union's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 60269).
Other Competitive Certificate of Deposit Rates
- 2.00% APY 15-month (2.15% over $100K)
- 2.55% APY 25-month (ends 1/7/2010)
- 2.75% APY 35-month, Add-On/Bump (2.90% over $100K)
My last post on this credit union was in January 2008 when the credit union was offering 6.00% on balances up to $50K on its reward checking account. The rate and balance cap have fallen, but it still remains competitive with a 4% APY on balances up to $25K as of 1/3/10.
In addition to University of Iowa students, membership is open to those who live or work in any of the following Iowa counties: Johnson, Linn, Poweshiek, Iowa, Muscatine, Washington, Cedar, Tama, Louisa, Keokuk, Benton, Marshall, Jasper, or Mahaska. Please refer to the credit union's About Us page for more details.
Branches are located in Iowa City, Coralville, North Liberty and Grinnell.
The credit union's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 60269).
Other Competitive Certificate of Deposit Rates
- CD rates at DepositAccounts.com
- My weekly list of hot nationwide and local CD deals
2.00% 15-Month CD & 2.50% 23-Month CD at Regions Bank in Several States - Local Only
Wednesday, December 16, 2009 - 8:53 AM CT
Regions Bank has adjusted its special CDs, but they remain competitive in many states. All areas appear to have the same long-term CD special rates: 2.50% APY for 23 months and 3.00% APY for 42 months. The 7-month CD special also appears common for all areas, but it's not nearly as competitive with a 1.25% APY. They used to have a 12-month special, but the term is now 15 to 17 months. The APY is 2.00% for many states (I've confirmed this for AL, GA, IL and TX). In some states it's only 1.75% APY (I've confirmed this for FL and IN). The rates vary by area, so you'll have to enter your zip code at Regions CD page to see the rates available for your area. The above rates were checked on 12/16/09.
Minimum deposit for the above specials is $10,000 with a $1 million maximium, and new money is required. Also, the CD page states that you must have or open a Regions checking account. A reader in my last Regions post mentioned that his Texas branch hasn't required him to open a checking account. So you may be able to get out of the checking requirement if you have some nice reps at your local branch.
When I had last checked with Regions on its special CDs, a branch visit was required to open an account. Branches are located in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
Regions lost $473 million in the third quarter, and it's in the process of cost-cutting which includes closing some branches. According to this Herald Tribune article, it's closing 22 offices in Florida and 121 in its 16-state footprint. Regions was one of the major banks that were required to raise capital based on the government's stress test last spring (see post).
Regions Bank's rating for safety and soundness at Bankrate.com is 1 star (lowest) based on 6/30/09 data. At BauerFinancial it was 3 stars (adequate) when it was based on 6/30/09 data. It remains 3 stars based on 9/30/09 data. Regions Bank has been a FDIC member since 1934 (Regions' FDIC Certificate # 1368).
Other Competitive Certificate of Deposit Rates
Minimum deposit for the above specials is $10,000 with a $1 million maximium, and new money is required. Also, the CD page states that you must have or open a Regions checking account. A reader in my last Regions post mentioned that his Texas branch hasn't required him to open a checking account. So you may be able to get out of the checking requirement if you have some nice reps at your local branch.
When I had last checked with Regions on its special CDs, a branch visit was required to open an account. Branches are located in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
Regions lost $473 million in the third quarter, and it's in the process of cost-cutting which includes closing some branches. According to this Herald Tribune article, it's closing 22 offices in Florida and 121 in its 16-state footprint. Regions was one of the major banks that were required to raise capital based on the government's stress test last spring (see post).
Regions Bank's rating for safety and soundness at Bankrate.com is 1 star (lowest) based on 6/30/09 data. At BauerFinancial it was 3 stars (adequate) when it was based on 6/30/09 data. It remains 3 stars based on 9/30/09 data. Regions Bank has been a FDIC member since 1934 (Regions' FDIC Certificate # 1368).
Other Competitive Certificate of Deposit Rates
- CD rates at DepositAccounts.com (overview of DepositAccounts.com)
- My weekly list of hot nationwide and local CD deals
5.00% Reward Checking Account at Quad City Bank & Trust in Iowa - Local Only
Monday, November 30, 2009 - 9:23 AM CT
Quad City Bank & Trust is offering a high-yield reward checking account called the U Account. It has the following rates if certain monthly requirements are met:
It appears that a branch visit is required to open an account. Branches are located in the Iowa cities of Bettendorf, Davenport and Moline.
The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1994 (FDIC Certificate # 33867).
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
- 5.00% APY on balances up to $25,000
- 0.01% APY on portion of balance over $25,000
- 15 Visa check card purchases (credit-based)
- Maintain a valid email address
- $100 minimum opening deposit
- No minimum balance requirement
- No monthly service charge
- ATM fee refunds
It appears that a branch visit is required to open an account. Branches are located in the Iowa cities of Bettendorf, Davenport and Moline.
The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1994 (FDIC Certificate # 33867).
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
5.00% Reward Checking Account at Cedar Rapids Bank & Trust in Iowa - Local Only
Tuesday, November 24, 2009 - 9:25 AM CT
Cedar Rapids Bank & Trust is offering a high-rate reward checking account called M@XX Checking. The account has the following rates and features if certain monthly requirements are met:
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2001 (FDIC Certificate # 57244).
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
- 5.00% APY on balances up to $25,000
- 0.10% APY on portion of balance over $25,000
- Refunds ATM fees nationwide up to $20 per month
- 15 check card purchases (excludes PIN-based)
- 1 direct deposit or ACH debit
- Receive e-statements and be enrolled in online banking
- $100 minimum initial deposit
- No minimum balance requirement
- No monthly service charge
- First box of checks is free
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2001 (FDIC Certificate # 57244).
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
5.01% Reward Checking Account at Citizens First Bank in Iowa - Local Only
Thursday, November 5, 2009 - 7:12 AM CT
Citizens First Bank is offering a high-yield rewards checking account called Smart e-Checking with the following rates and features if certain monthly requirements are met:
A branch visit is required to verify identity in order to complete the application process.
Branches are located in the Iowa cities of Clinton and Camanche with service to Fulton, Illinois. Ashford University is located in Clinton.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com, both based on 6/30/09 data. The bank has been FDIC member since 2000 (FDIC Certificate # 35477).
Other Reward Checking Accounts
5% reward checking accounts are becoming rare. Hopefully, this one will last for a while.
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
- 5.01% APY on balances up to $25,000
- 1.25% APY on portion of balance over $25,000
- 0.50% base rate if monthly requirements are not met
- Refunds all ATM fees nationwide up to $25 ($4.99/transaction)
- 10 debit card purchases (excludes ATM transactions)
- 2 electronic transactions: e.g., direct deposit, ACH auto debit, bill pay
- Access online banking (requires valid e-mail address)
- Receive e-statements (when available)
- $100 minimum initial deposit
- No minimum balance requirement
- No monthly service charge
- Unlimited check writing
- Internet banking & touchtone banking
A branch visit is required to verify identity in order to complete the application process.
Branches are located in the Iowa cities of Clinton and Camanche with service to Fulton, Illinois. Ashford University is located in Clinton.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com, both based on 6/30/09 data. The bank has been FDIC member since 2000 (FDIC Certificate # 35477).
Other Reward Checking Accounts
5% reward checking accounts are becoming rare. Hopefully, this one will last for a while.
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
2.00% 12-Month CD, 2.50% 23-Month CD & 3.25% 42-Month CD at Regions Bank in Several States
Wednesday, October 28, 2009 - 8:05 AM CT
Update 1/09/2010: The special CDs have changed, and the rates have fallen. Please check the bank's website for the latest rates.
Regions Bank just came out with a special 12-month CD rate of 2.00% APY. Also, the longer terms specials continue to be very competitive. The rates vary by state, so you'll have to enter your zip code at Regions CD page to see the rates available for your area. The 2% was available in zip codes in Texas, Illinois, Central Florida and Georgia. However, a lower 1.75% APY was listed for South Florida, Indiana and North Carolina. The longer term rates were the same for all of the above areas. The full list of special CD rates as of 10/28/09 include:
I last posted on these specials in September. Before today the 42-month CD rate had gone down to 3% APY in many areas.
When I had last checked with Regions on its special CDs, a branch visit was required to open an account. Branches are located in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
Regions Financial Overview
Regions Financial reported its third quarter results last week. According to this Reuters article, Regions' third-quarter loss was more than what analysts expected. However, the results were good enough to be encouraging to analysts.
One interesting thing to note in the earnings report is that Regions plans to close 121 branches to cut costs. Also, as you might expect with the CD specials that they have offered for many months, their deposits have grown with 270,000 new checking accounts. Average low cost deposits increased $1.3 billion versus the second quarter. These were highlights in the earnings report and show why they require a checking account with these special CDs.
Regions was one of the major banks that were required to raise capital based on the government's stress test last spring (see post).
Regions Bank's rating for safety and soundness at Bankrate.com has dropped from 2 stars to 1 star (lowest). It continues to be 3 stars (adequate) at BauerFinancial. Both ratings are based on 6/30/09 financial data. Regions Bank has been a FDIC member since 1934 (Regions' FDIC Certificate # 1368).
Thanks to the reader who mentioned this new 12-month CD special in the bank deals hub page.
Other High Certificate of Deposit Rates
Regions Bank just came out with a special 12-month CD rate of 2.00% APY. Also, the longer terms specials continue to be very competitive. The rates vary by state, so you'll have to enter your zip code at Regions CD page to see the rates available for your area. The 2% was available in zip codes in Texas, Illinois, Central Florida and Georgia. However, a lower 1.75% APY was listed for South Florida, Indiana and North Carolina. The longer term rates were the same for all of the above areas. The full list of special CD rates as of 10/28/09 include:
- 3.25% APY 42-month CD
- 2.50% APY 23-month CD
- 2.00% APY 12-month CD (1.75% APY in some areas)
- 1.25% APY 7-month CD
I last posted on these specials in September. Before today the 42-month CD rate had gone down to 3% APY in many areas.
When I had last checked with Regions on its special CDs, a branch visit was required to open an account. Branches are located in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
Regions Financial Overview
Regions Financial reported its third quarter results last week. According to this Reuters article, Regions' third-quarter loss was more than what analysts expected. However, the results were good enough to be encouraging to analysts.
One interesting thing to note in the earnings report is that Regions plans to close 121 branches to cut costs. Also, as you might expect with the CD specials that they have offered for many months, their deposits have grown with 270,000 new checking accounts. Average low cost deposits increased $1.3 billion versus the second quarter. These were highlights in the earnings report and show why they require a checking account with these special CDs.
Regions was one of the major banks that were required to raise capital based on the government's stress test last spring (see post).
Regions Bank's rating for safety and soundness at Bankrate.com has dropped from 2 stars to 1 star (lowest). It continues to be 3 stars (adequate) at BauerFinancial. Both ratings are based on 6/30/09 financial data. Regions Bank has been a FDIC member since 1934 (Regions' FDIC Certificate # 1368).
Thanks to the reader who mentioned this new 12-month CD special in the bank deals hub page.
Other High Certificate of Deposit Rates
4.07% 60-Month CD at IH Mississippi Valley Credit Union in IL & IA - Local Only
Thursday, October 8, 2009 - 8:51 AM CT
Update 1/09/2010: CD rates have fallen. Please check the credit union's website for the latest rates.
IH Mississippi Valley Credit Union is offering some competitive certificate rates. The most competitive is the 60-month term which has a 4.07% APY. Other notable rates include the 2.02% APY 12-month CD, the 2.48% APY 24-month CD and the 3.04% APY 36-month CD. Minimum deposit is $500. An extra 0.25% is added for Jumbo CDs with a $100,000 minimum deposit. Also, an extra 0.10% is added when you have a checking product. Certificates are also available in an IRA. These rates are listed in the credit union's rates page as of 10/08/09.
The credit union also offers a reward checking account with a 4.01% APY for balances up to $25K (as of 10/08/09). Refer to my reward checking review for more details.
Membership is open to the Quad City and surrounding area residents. Refer to the credit union's mission statement for more details.
Branches are located in the Illinois cities of Rock Island, East Moline, Moline, Silvis and Prophetstown, and in the Iowa cities of Davenport, Bettendorf and DeWitt.
The credit union has a 3-star rating (performing) at Bankrate.com based on 6/30/09 financial data. It is federally insured by the NCUA (Charter # 60337).
Other Competitive Certificate of Deposit Rates
IH Mississippi Valley Credit Union is offering some competitive certificate rates. The most competitive is the 60-month term which has a 4.07% APY. Other notable rates include the 2.02% APY 12-month CD, the 2.48% APY 24-month CD and the 3.04% APY 36-month CD. Minimum deposit is $500. An extra 0.25% is added for Jumbo CDs with a $100,000 minimum deposit. Also, an extra 0.10% is added when you have a checking product. Certificates are also available in an IRA. These rates are listed in the credit union's rates page as of 10/08/09.
The credit union also offers a reward checking account with a 4.01% APY for balances up to $25K (as of 10/08/09). Refer to my reward checking review for more details.
Membership is open to the Quad City and surrounding area residents. Refer to the credit union's mission statement for more details.
Branches are located in the Illinois cities of Rock Island, East Moline, Moline, Silvis and Prophetstown, and in the Iowa cities of Davenport, Bettendorf and DeWitt.
The credit union has a 3-star rating (performing) at Bankrate.com based on 6/30/09 financial data. It is federally insured by the NCUA (Charter # 60337).
Other Competitive Certificate of Deposit Rates
2.50% 15-Month CD & 3.09% Savings Account at Dupaco Community Credit Union in IA, IL & WI - Local Only
Tuesday, September 22, 2009 - 9:37 AM CT
Dupaco Community Credit Union is offering two CD specials with very competitive rates: 3.00% APY for 27 months and a 2.50% APY for 15 months. Minimum deposit is $5,000. Dupaco also has a savings account with a top yield of 3.09% APY. It's a tiered rate account that requires a $50,000 minimum balance. To earn the top yield, a balance of $200,000 is required. Other tiers include a 2.84% APY for $150,000, 2.58% APY for $100,000 and 2.27% APY for $50,000. These rates are listed in the credit union's deposit rates page as of 9/22/09.
Membership is open to anyone who lives or works in one of 28 counties of Iowa, Illinois and Wisconsin. Please refer to the credit union's Becoming a Member page for the full details. Membership requires a minimum balance of $25 in the savings account.
Branches are located in the Iowa cities of Dubuque, Asbury, Dyersville, Cedar Rapids, Manchester, in the Illinois city of Galena, and in the Wisconsin city of Platteville.
The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 64049).
Thanks to the reader who emailed me info on these CD specials.
Other Competitive Certificate of Deposit Rates
Membership is open to anyone who lives or works in one of 28 counties of Iowa, Illinois and Wisconsin. Please refer to the credit union's Becoming a Member page for the full details. Membership requires a minimum balance of $25 in the savings account.
Branches are located in the Iowa cities of Dubuque, Asbury, Dyersville, Cedar Rapids, Manchester, in the Illinois city of Galena, and in the Wisconsin city of Platteville.
The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 64049).
Thanks to the reader who emailed me info on these CD specials.
Other Competitive Certificate of Deposit Rates
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