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 12^th largest bank in the state of Iowa. It is also the 569^th largest bank in the nation. It was established in 1923 and as of December of 2023, it had grown to 261 employees at 25 locations. Bank Iowa's money market rates are 4X the national average, and it has an A health rating.

View all posts from:

2017

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

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Health

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	14521
Year Established	1923
Employees	261
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.04%
Return on Equity - YTD	15.35%
Annual Interest Income	$91.3MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$2.07B$1.92B
Loans	Q4 2023vs Q4 2022	$1.51B$1.35B
Deposits	Q4 2023vs Q4 2022	$1.71B$1.58B
Equity Capital	Q4 2023vs Q4 2022	$148.1MM$122.5MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$21.4MM$19.5MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$6.3MM$9.4MM
Real Estate Owned	Q4 2023vs Q4 2022	$0$0

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
0.08%^*^†	$1k^*	-	Regular Savings
OTHER TIERS: 0.04% → Up to $1k
0.08%^*^†	$1k^*	-	Young Saver Savings
OTHER TIERS: 0.04% → Up to $1k

Bank Iowa Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.54%^*^†	$1m^*	-	Premier Money Market
OTHER TIERS: 0.58% → Up to $25k \| 0.78% → $25k - $100k \| 1.15% → $100k - $250k \| 1.28% → $250k - $1m
1.26%^*^†	$500k^*	-	Money Market
OTHER TIERS: 0.46% → Up to $1k \| 0.63% → $1k - $50k \| 0.82% → $50k - $100k \| 1.04% → $100k - $500k

Bank Iowa Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*^†	$100k^*	-	Interest Checking
OTHER TIERS: 0.04% → Up to $10k \| 0.08% → $10k - $25k \| 0.13% → $25k - $100k
0.05%^†	$500	-	Prestige Checking

Bank Iowa CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.95%	$5k	-	13 Month CD Special
4.90%	$225k	-	11 Month CD Special
2.57%^†	-	-	18 Month CD
2.41%^†	-	-	12 Month CD
2.37%^†	-	-	24 Month CD
2.30%^†	-	-	30 Month CD
2.21%^†	-	-	36 Month CD
2.09%^†	-	-	48 Month CD
2.06%^†	-	-	60 Month CD
2.05%^†	-	-	36 Month Step-up CD
2.00%^†	-	-	6 Month CD
2.00%^†	-	-	60 Month Step-up CD
1.26%^†	-	-	3 Month CD

Locations

Availability

Des Moines Area

Des Moines Area bank & credit union details

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