Banking Rates & News

Cedar Rapids Area

Including Cedar Rapids, Dubuque, Waterloo, Cedar Falls, Iowa City, Marion, Coralville, Waverly, Washington, Decorah, and 163 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

First Federal Credit Union (IA) Offers 20-Month CD Special
Deal Summary: CD Specials – 10-month, 1.75%; 20-month, 2.00%; 30-month, 2.25% APY; $10k minimum deposit, new money. Availability: Residents of Linn County, Iowa For more than two years, First Federal
39-Month Jumbo CD Earns 2.27% APY
Veridian has raised the rates on the 39-month Jumbo CD Special to 2.27% APY ($100k min) and the 39-month CD Special to 2.17% APY ($1k min).
Cedar Falls CCU (IA) Has 15-Month Jumbo CD
Deal Summary: 15-month Jumbo Certificate, 2.01% APY, $100k minimum deposit. Availability: Residents of 20 northeast Iowa counties. Between April and November 2016, I wrote three blog posts about competitive CDs
Great Rate In Iowa
Fairfax State Savings Bank has a 31 month CD Special earning 2.31% APY. $1,000 minimum opening deposit required.
New Nationally Available CD Specials At Veridian Credit Union
Deal Summary: CD Specials - 25-month (1.91% APY), 39-month (2.07% APY), $1k minimum deposit. Jumbo CD Specials - 25-month (2.02% APY), 39-month (2.17% APY), $100k minimum deposit. Availability: Easy membership
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