Bank Iowa

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 13^th largest bank in the state of Iowa. It is also the 594^th largest bank in the nation. It was established in 1923 and as of March of 2023, it had grown to 262 employees at 25 locations. Bank Iowa's money market rates are 3X the national average, and it has a B+ health rating.

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2017

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

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Health

B+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	14521
Year Established	1923
Employees	262
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.19%
Return on Equity - YTD	17.65%
Annual Interest Income	$20.1MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$1.90B$1.81B
Loans	Q1 2023vs Q1 2022	$1.35B$1.16B
Deposits	Q1 2023vs Q1 2022	$1.57B$1.62B
Equity Capital	Q1 2023vs Q1 2022	$134.5MM$140.1MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$20.5MM$19.6MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$7.9MM$11.1MM
Real Estate Owned	Q1 2023vs Q1 2022	$0$950.00K

Rates

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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
0.55%^*^†	$20k^*	-	Health Savings Account
OTHER TIERS: 0.15% → Up to $1k \| 0.17% → $1k - $10k \| 0.30% → $10k - $20k
0.19%^*^†	$1k^*	-	Regular Savings
OTHER TIERS: 0.14% → Up to $1k
0.19%^*	$1k^*	-	Young Saver Savings
OTHER TIERS: 0.14% → Up to $1k

Bank Iowa Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%^*^†	$1m^*	-	Premier Money Market
OTHER TIERS: 0.56% → Up to $25k \| 0.71% → $25k - $100k \| 1.10% → $100k - $250k \| 1.26% → $250k - $1m
1.28%^*^†	$500k^*	-	Money Market
OTHER TIERS: 0.45% → Up to $1k \| 0.61% → $1k - $50k \| 0.82% → $50k - $100k \| 1.04% → $100k - $500k

Bank Iowa Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.33%^*^†	$100k^*	-	Interest Checking
OTHER TIERS: 0.15% → Up to $10k \| 0.20% → $10k - $25k \| 0.24% → $25k - $100k
0.16%^†	$500	-	Prestige Checking

Bank Iowa CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.40%	$5k	-	14 Month CD Special
4.17%	$5k	-	9 Month CD Special
2.67%^†	-	-	18 Month CD
2.56%^†	-	-	24 Month CD
2.53%^†	-	-	48 Month CD
2.52%^†	-	-	12 Month CD
2.52%^†	-	-	60 Month CD
2.50%^†	-	-	36 Month CD
2.42%^†	-	-	30 Month CD
2.36%^†	-	-	60 Month Step-up CD
2.26%^†	-	-	36 Month Step-up CD
2.13%^†	-	-	6 Month CD
1.26%^†	-	-	3 Month CD

Locations

Availability

Des Moines Area

Des Moines Area bank & credit union details

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