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

Vibrant Credit Union Offers Top-Rate Money Market Account
Deal Summary: Purple Money Market, 2.50% APY ($100k+), 0.65% APY (less than $100k), no minimum opening deposit, new money. Availability: Nationwide (easy membership requirement) Illinois-based Vibrant Credit Union (Vibrant CU)
Bump Up 3.25 Percent 41 Month Cd
Veridian still has this cd. I opened one this morning. The rep told me he doesn't expect it to go away anytime soon but there are no guarantees
2.60% 11-Mo CD & 2.10% Savings Acct Regional Promotions
Wells Fargo is currently offering a 2.60% APY, 11-month CD which requires a minimum deposit of $25,000 (new money).They are also offering a 2.10% APY, Platinum Savings Account which also
Bankers Trust Raises 7-23 Month Pick-A-Term CD To 2.75% APY
Deal Summary: 7-23 Month Pick-a-Term CD (2.75-2.85% APY), 36-Month Anniversary CD Promotion (3.20-3.30% APY) with two rate bump-ups, relationship required for higher APYs, $1k min deposit. Availability: Online market area
11-Month No Penalty Savings CD Special, 2.26% APY
11-month No Penalty Savings CD Special, 2.26% APY No partial withdrawals. CD needs to be open 7 business days prior to closing the CD. Minimum of $500 required. Checking relationship
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