BankIowa of Cedar Rapids

Overview / Commentary
7045 C Avenue Northeast
Cedar Rapids, IA 52402

BankIowa of Cedar Rapids is headquartered in Cedar Rapids and is the 26th largest bank in the state of Iowa. It is also the 1,132nd largest bank in the nation. It was established in 1881 and as of December of 2019, it had grown to 130 employees at 11 locations. BankIowa of Cedar Rapids' money market rates are 14% higher than the national average, and it has an A health rating.

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Additional Information

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"US citizen" or "PR" only.


Health Grade Components

FDIC Certificate #17282
Year Established1881
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD10.07%
Annual Interest Income$27.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$678.7MM$664.7MM
LoansQ4 2019vs Q4 2018$529.9MM$530.0MM
DepositsQ4 2019vs Q4 2018$523.6MM$521.3MM
Equity CapitalQ4 2019vs Q4 2018$78.8MM$72.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$5.7MM$5.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.3MM$611.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$120.00K
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Always verify rates and promotions with the bank or credit union. We are not BankIowa of Cedar Rapids; 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.

BankIowa of Cedar Rapids Savings Account Rates

1.00%*-$40kFirst Time Homebuyer's Savings Account
OTHER TIERS: 0.05% $40k+
0.75%--Health Savings Account (HSA)
0.05%--Personal Savings
0.05%--Christmas Club
0.05%--Minor Savings

BankIowa of Cedar Rapids Money Market Rates

0.80%*$1m*-Premium Money Market
OTHER TIERS: 0.10% $10k - $25k | 0.30% $25k - $100k | 0.40% $100k - $250k | 0.55% $250k - $1m
0.50%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.05% $1.5k - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k

BankIowa of Cedar Rapids Checking Account Rates

1.71%*-$15kChampion Checking
OTHER TIERS: 0.09% $15k+
0.10%*$100k*-Rewards Account
OTHER TIERS: 0.05% Up to $100k
0.05%--Personal Interest Checking

BankIowa of Cedar Rapids CD Rates

0.82%$500-36 Month One Way Up CD Special
0.80%$500-18 Month CD Special
0.79%$500-9 Month CD Special
0.65%$500-60 Month CD
0.51%$500-48 Month CD
0.49%$500-36 Month CD
0.45%$500-24 Month CD
0.39%$500-12 Month CD
0.35%$500-3 Month CD Special
0.25%$500-6 Month CD
0.16%$500-3 Month CD


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