Bank Iowa

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Overview / Commentary

www.bankiowa.bank

515-225-0710

1225 Jordan Creek Parkway, #
West Des Moines, IA 50266

Bank Iowa is headquartered in WEST DES MOINES and is the 11^th largest bank in the state of Iowa. It is also the 553^rd largest bank in the nation. It was established in 1923 and as of September of 2024, it had grown to 258 employees at 25 locations. Bank Iowa's money market rates are 3X the national average, and it has an A health rating.

4.9% 60 Month / 5.02% 48 Month If You Apply Through CD Valet - 6/4/2024

These are very interesting deals but worth noting that you need to click through the CD valet affiliate link to apply and get these special rates. (https://bankiowa.cdvalet.com/) 60 month 4.90% APY 48 month 5.02% APY 36 month 5.15% APY 24 month 4.89% APY Significant disparity between these rates and the publicly advertised rates on their actual website. I called customer service and was told that they sometimes offer different deals through affiliates like CD valet. I guess sort of like a brokered cd? I clicked the link and made an account and went to apply and did in fact see the above rates available in the pull down menu-pretty good deals with what's currently available on the long end if anyone is interested. Correct me if I'm wrong but these are currently the highest % 48/60 month CD's currently available? I doubt these are going to last very long.

View all posts from:

2024
2017

6/4 - 4.9% 60 Month / 5.02% 48 Month If You Apply Through CD Valet

12/21 - 15-Month CD Special,1.80% APY

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Health

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	14521
Year Established	1923
Employees	258
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.1%
Return on Equity - YTD	15.18%
Annual Interest Income	$83.7MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$2.17B$2.01B
Loans	Q3 2024vs Q3 2023	$1.57B$1.47B
Deposits	Q3 2024vs Q3 2023	$1.76B$1.58B
Equity Capital	Q3 2024vs Q3 2023	$162.2MM$127.2MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$21.8MM$21.4MM
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$4.5MM$7MM
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Bank Iowa; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Bank Iowa Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.27%^*^†	$20k^*	-	Health Savings Account
OTHER TIERS: 0.11% → $0 - $1k \| 0.12% → $1k - $10k \| 0.17% → $10k - $20k
0.11%^†	$0	-	Young Saver Savings
0.07%^*^†	$1k^*	-	Regular Savings
OTHER TIERS: 0.04% → $0 - $1k

Bank Iowa Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.27%^*^†	$1m^*	-	Premier Money Market
OTHER TIERS: 0.43% → $0 - $25k \| 0.60% → $25k - $100k \| 0.93% → $100k - $250k \| 1.00% → $250k - $1m
0.98%^*^†	$500k^*	-	Money Market
OTHER TIERS: 0.31% → $0 - $1k \| 0.45% → $1k - $50k \| 0.60% → $50k - $100k \| 0.77% → $100k - $500k

Bank Iowa Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.14%^*^†	$100k^*	-	Interest Checking
OTHER TIERS: 0.03% → $0 - $10k \| 0.06% → $10k - $25k \| 0.09% → $25k - $100k
0.05%^†	$500	-	Prestige Checking

Bank Iowa CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.05%	$5k	-	14 Month CD Special
3.80%	$5k	-	26 Month CD Special
1.83%^†	$0	-	18 Month CD
1.70%^†	$0	-	12 Month CD
1.61%^†	$0	-	24 Month CD
1.56%^†	$0	-	30 Month CD
1.54%^†	$0	-	6 Month CD
1.49%^†	$0	-	36 Month CD
1.42%^†	$0	-	48 Month CD
1.34%^†	$0	-	60 Month CD
1.27%^†	$0	-	36 Month Step-up CD
1.19%^†	$0	-	60 Month Step-up CD
1.01%^†	$0	-	3 Month CD

Locations

Availability

Des Moines Area

Des Moines Area bank & credit union details

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