University of Iowa CCU's 45-month CD Special Hits New High

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Deal Summary: CD Specials - 18-month (2.50% APY, $100), 30-month (2.70% APY, $100k), and 45-month (3.00% APY, $100k). Deposits of $1k+ earn APYs 10 bps lower.

Availability: University of Iowa students, staff, and alumni; Iowa residents and residents of four Illinois counties (Quad Cities area).

Competitive CD Specials have been a staple of University of Iowa Community Credit Union’s (UICCU) product line for quite some time. Not one to disappoint, UICCU currently has three very competitive CD Specials: 18-month (2.50% APY, $100), 30-month (2.70% APY, $100k), and 45-month (3.00% APY, $100k). Deposits between $1k-$100k earn APYs 10 bps lower.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.90*%$100k-University of Iowa Community Credit Union45 Month CD Special
OTHER TIERS: 2.80% $1k - $100k
2.65*%$100k-University of Iowa Community Credit Union30 Month CD Special
OTHER TIERS: 2.55% $1k - $100k
2.40*%$100k-University of Iowa Community Credit Union18 Month CD Special
OTHER TIERS: 2.30% $1k - $100k
Rates as of July 21, 2018.

The 45-month CD Special has the eye-catching rate of the three. Introduced at the beginning of the year earning 2.45% APY ($100k), there was a 10 bps increase within its first week, followed by a 45 bps hike over this past weekend.

The CD Specials are also available as IRAs (Traditional, Roth, CESA, and SEP), earning the same tiered APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.90*%$100k-University of Iowa Community Credit Union45 Month IRA Special (Traditional, Roth, CESA, SEP)
OTHER TIERS: 2.80% $1k - $100k
2.65*%$100k-University of Iowa Community Credit Union30 Month IRA Special (Traditional, Roth, SEP)
OTHER TIERS: 2.55% $1k - $100k
2.40*%$100k-University of Iowa Community Credit Union18 Month IRA Special (Traditional, Roth, SEP)
OTHER TIERS: 2.30% $1k - $100k
Rates as of July 21, 2018.

Last year in a Live Chat, a very helpful CSR explained the details of the previously vague Early Withdrawal Penalty.

Whatever amount you request as the early withdrawal amount, whether it is part of the balance or the entire balance, we calculate interest that would have accrued for 12 months on the amount requested and that is the penalty.

If there are fewer than 12 months remaining, it would be the interest that would have accrued for the remaining number of months on the requested amount you are withdrawing.

Availability

Headquartered in North Liberty, University of Iowa Community Credit Union is currently the largest credit union in Iowa, and the 38th largest credit union in the country.

In addition to University of Iowa students, staff, and alumni, membership is open to individuals who live or work anywhere in Iowa or in the Illinois counties of Henry, Knox, Mercer, and Rock Island (Quad Cities area).

“Direct” relatives of current members are also welcome to join. (You must provide your relative’s UICCU member number when applying.)

Joining UICCU and/or opening a CD Special can be done online, or in person at any of 16 full-service Iowa branches located in Bettendorf, Cedar Falls, Cedar Rapids (3), Coralville, Davenport, Grinnell, Hiawatha, Iowa City (3), Marion, North Liberty, Waterloo, and West Des Moines.

UICCU also participates in the Allpoint ATM Network, providing its members with free access to over 43,000 ATMs throughout the country.

Credit Union Overview

University of Iowa Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.98% (excellent), based on September 30, 2017 data. In the past year, UICCU increased its total non-brokered deposits by $343.08 million, an excellent annual growth rate of 13.04%. Please refer to our financial overview of University of Iowa Community Credit Union (NCUA Charter # 60269) for more details.

Established in 1938, University of Iowa Community Credit Union has grown into a vibrant organization with more than 165,200 members and deposits in excess of $3.4 billion. According to UICCU’s website,

Our "members first" philosophy has led to a national rank by independent research firm Callahan & Associates for Return of Member (ROM). This measures how effectively a financial institution returns its profits back in the form of better rates on deposits and loans. For the last 4 years, UICCU's ROM rank has consistently been in the top 1% up against more than 13,000 banks and credit unions nationwide.

How the CD Specials Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to Iowa residents, University of Iowa Community Credit Union’s 45-month CD Special APYs currently rank first and second, regardless of minimum deposit.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to Iowa residents, University of Iowa Community Credit Union’s 30-month CD Special APYs currently rank first and second, regardless of minimum deposit.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to Iowa residents, University of Iowa Community Credit Union’s 19-month CD Special APYs currently rank first and second, regardless of minimum deposit.

The above rates are accurate as of 2/19/2018.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Cedar Rapids CD rates, Des Moines CD rates, Davenport CD rates, 5-year CD rates

Comments
Anonymous
Anonymous   |     |   Comment #1
Ken, in your comparison charts above, I think you mean $100k, not $1000k min.
Ken Tumin
Ken Tumin   |     |   Comment #2
Yes, it should be $100k. It's now fixed. Thanks!
University of Iowa CCU Ups 16-Month CD Special Rates
Deal Summary: 16-month CD Special, 2.00% APY, $250k; 1.90% APY, $100k; 1.80% APY, $1k.

Availability: University of Iowa students, staff and alumni; residents of Iowa and four Illinois counties.

In early July, University of Iowa Community Credit Union (UICCU) added three CD Specials with competitive, tiered APYs. Less than a month later, UICCU has raised the tiered rates on its shortest term CD Special (16-month) by a uniform 15 bps, while the rates on the 26-month and 35-month CD Specials remain constant.

The 16-month CD Special is also...

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University of Iowa CCU Adds 16-, 26- and 35-Month CD Specials

UPDATE 9/1/2017: 26-month CD Special no longer available.

Deal Summary: CD Specials with tiered APYs - 16-month (1.65% APY, $250k), 26-month (2.20% APY, $250k), 35-month (2.60% APY, $250k).

Availability: Residents of Iowa (all 99 counties) and four Illinois counties; University of Iowa students, staff and alumni.

When I wrote about the CD Specials being offered by University of Iowa Community Credit Union (UICCU) in April, I was surprised to see that the usual tiered APYs had been replaced with a single APY, which only required a $1k minimum deposit....

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University of Iowa CCU 26-Month CD Special Earns 2.00% APY
Deal Summary: 26-month CD Special (2.00% APY), 16-month CD Special (1.60% APY), $1k minimum deposit

Availability: University of Iowa students, staff and alumni; residents of 82 Iowa counties and four Illinois counties.

At the beginning of the month, I wasn't surprised to see new CD Specials from ever-prolific University of Iowa Community Credit Union (UICCU). In the past, UICCU’s structured its CD Specials with tiered APYs (usually in increments of 10 basis points), based on deposit levels of $1k+, $100k+, and $250k+. So I was a bit...

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University of Iowa CCU Adds 9- And 19-Month CD Specials
Availability: University of Iowa students, staff and alumni; residents of 48 Iowa counties and four Illinois counties.

It’s the beginning of a new month – time for a new promotion from the ever prolific University of Iowa Community Credit Union (UICCU). The newest additions to the product line are a 9-month CD Special and 19-month CD Special. Like all of UICCU’s previous CD Specials, there are three rate tiers based on deposit balance:

    9-month CD Special, 1.00% APY ($1k+), 1.10% APY ($100k+), and 1.20% APY ($250k+).

    19-month CD Special, 1.50%...

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University of Iowa CCU Has 7- And 17-Month CD Specials
Availability: University of Iowa students, staff and alumni; Residents of 48 Iowa counties and 4 Illinois counties.

Once again, University of Iowa Community Credit Union’s (UICCU) has proven to be one of the most prolific credit unions in offering competitive CDs. The latest contributions are a 7-month CD Special and 17-month CD Special. Like all of UICCU’s CD Specials, there are three rate tiers based on deposit balances:

    7-month CD Special, 1.00% APY ($1k+), 1.10% APY ($100k+), and 1.20% APY ($250k+).

    17-month CD Special, 1.50% APY ($1k+), 1.60% APY...

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