Banking Rates & News

Cedar Rapids Area

Including Cedar Rapids, Dubuque, Waterloo, Cedar Falls, Iowa City, Marion, Coralville, Waverly, Washington, Decorah, and 161 other towns.

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Banking in the Cedar Rapids Area

The economy of Cedar Rapids is solid and growing. It is fed by a number of factors including agriculture, trade, education, logistics, finance and manufacturing. It is also supported by the surrounding communities of Cedar Rapids, Dubuque, Waterloo, Cedar Falls and Iowa City. The banking sector is also strong and multi-faceted in the region. As long as the economy continues to stay strong, the banking sector will also continue to grow.

There are several established banks headquartered in the region including University of Iowa Community Credit Union and Veridian Credit Union. There are 94 banks and 29 credit unions that have headquarters in the region. When combined with banks based from all over the country, there are approximately 620 branches from more than 125 banks and 35 credit unions with locations in the region. The major banks in the US are also represented in the region such as Citibank and JP Morgan Chase. First National Bank is the oldest continuously operating bank in the region. It was established in 1864. Overall, as the region continues to grow and thrive so does the banking sector.

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Local Deals & News

Veridian Credit Union Boosts 41-Month Jumbo CD To 3.45% APY
Deal Summary: Bump-Up Jumbo CDs ($100k min) – 18-month (3.05% APY) and 41-month (3.45% APY). Bump-Up CD ($1k min) – 18-month (2.85% APY) and 41-month (3.25% APY). Availability: Easy membership
41 Month Bump Up Raised To 3.45% For 100K
Veridian just raised the rate for their 41 month bump-up CD from 3.35% to 3.45% for 100k (under 100k has remained the same at 3.25). For those who opened one
41-Month Step Up CD, 3.35% APY
CFCCU has three Step Up Certificates with a $1,000 minimum deposit. Member can "Step-Up" the rate one time during the term of the certificate to the rate being paid at
Wells Fargo 2-Yr. Brokered CD: 3.00%
new issue maturing Oct. 26, 2020, available at Vanguard
University of Iowa CCU Offers 19-Month CD Special, 2.90% APY ($100k)
Deal Summary: 19-month CD Special, 2.90% APY ($100k+), 2.80% APY ($10k+), 2.70% APY ($1k+). Availability: All residents of Iowa and four Illinois counties (Quad Cities area); University of Iowa students,
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