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

41 Month Bump Up 3.0/3.1%
Veridian is currently offering a special summer CD. Decent rate with a bump up! https://www.veridiancu.org/rates/account-rates/certificates-of-deposit
Rate Increases On 17- And 27-Month Cds
New rates as of today are: 17-month CD 2.38% APY $100k+ 2.28% APY $5k+ 27-month CD 2.57% APY $100k+ 2/47% APY $5k+
Share Certificate Specials, 37 Months, 2.75% APY
CFCCU has five Share Certificate Specials with a $1,000 minimum deposit. 7 Month Special 1.31% APY 10 Month Special 1.56% APY 15 Month Special 1.86% APY 25 Month Special 2.55% APY 37 Month Special
Veridian Credit Union Debuts 36-Month Jumbo CD Special
Deal Summary: Jumbo CD Specials - 24-month (2.65% APY) and 36-month (2.85% APY), $100k minimum deposit. CD Specials - 24-month (2.55% APY) and 36-month (2.75% APY), $1k minimum deposit. Availability:
Veridian CU Offering 2.65% APY On 24-Month CD
Veridian CU is offering a 2.65% APY 24-month CD since April 26, and it is set to end (or at least be reviewed) at end of day tomorrow, May 2.
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