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 1,120th largest bank in the nation. It was established in 1881 and as of March of 2020, it had grown to 133 employees at 11 locations. BankIowa of Cedar Rapids' money market rates are 14% higher than the national average, and it has a B+ health rating.

Reviews (1)

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 - YTD0.86%
Return on Equity - YTD7.51%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$695.5MM$665.3MM
LoansQ1 2020vs Q1 2019$538.4MM$531.3MM
DepositsQ1 2020vs Q1 2019$559.0MM$524.4MM
Equity CapitalQ1 2020vs Q1 2019$78.4MM$74.1MM
Loan Loss AllowanceQ1 2020vs Q1 2019$5.5MM$5.4MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$12.6MM$2.0MM
Real Estate OwnedQ1 2020vs Q1 2019$107.00K$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
0.70%$500-9 Month CD Special
0.45%$500-60 Month CD
0.37%$500-48 Month CD
0.34%$500-36 Month CD
0.30%$500-3 Month CD Special
0.28%$500-24 Month CD
0.21%$500-12 Month CD
0.14%$500-6 Month CD
0.09%$500-3 Month CD


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