Banking Rates & News

Cedar Rapids Area

Including Arlington, Central City, Clarksville, Decorah, Edgewood, Elkader, Fairfax, Farley, Fayette, Garwin, and 155 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

Luana Savings Bank Adds New Nationally Available 6-Month CD Special
Availability: 6-month Certificate Special, 0.75% APY ($100k) and 0.65% APY ($50k). Availability: Nationwide DA readers may recognize the Luana Savings Bank (Luana) name from the bi-weekly CD Rates Summary. In
Fidelity Bank & Trust Adds New Rewards Checking Account
Deal Summary: Hometown Hype Checking, 2.03% APY on qualifying balances up to $25k. Availability: Northeast Iowa, southwest Wisconsin, and northwest Illinois. Iowa-based Fidelity Bank & Trust (Fidelity B&T) new rewards
GreenState Credit Union Adds 15- and 25-month CD Specials
Deal Summary: CD Specials – 15-month, 0.90% APY ($100k), 0.80% APY ($1k); 25-month, 1.00% APY ($100k), 0.90% APY ($1k). Availability: Iowa and counties in Illinois, Nebraska, South Dakota, and Wisconsin
Verdian Credit Union Adds 18-Month Jumbo CD Special
Deal Summary: 18-month Jumbo CD Special, 0.90% APY, $100k minimum deposit Availability: Easy membership requirement through Dwolla; residents of all 99 Iowa counties and six southeast Nebraska counties. Iowa-based Veridian
Community Bank & Trust Offers Limited-Time $300 Bonus In Iowa
A reader just emailed me news on this. Unfortunately, the offer is scheduled to end on 8/14/2021, so I decided to do this quick forum post. Here's the link to
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