Banking Rates & News

Cedar Rapids Area

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Including Cedar Rapids, Dubuque, Waterloo, Cedar Falls, Iowa City, Marion, Coralville, Waverly, Washington, Decorah, and 160 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

DuTrac Community Credit Union Adds 48-Month Bump Up CD, 3.25% APY
Deal Summary: 48-month Bump Up Certificate Special, 3.25% APY, $5k minimum deposit, one-time rate increase option. Availability: Residents of 16 northeast Iowa counties, four northwest Illinois counties, and one southwest
45-Month Jumbo CD Special, 3.26% APY
Minimum $100,000 deposit. Field of membership includes all of Iowa, and 4 SW Wisconsin counties and 5 NW Illinois counties.
Hills Bank (IA) Offers 47-Month CD Special, 3.25% APY
Deal Summary: 47-month CD Special, 3.25% APY, $500 minimum deposit. Availability: Online market area includes all of Iowa. Earlier this month, Iowa-based Hills Bank and Trust Company (Hills Bank) added
Community 1st Credit Union Offers 18-Month CD Special, 3.00% APY
Deal Summary: 18-month Bump-Up CD Special, 3.00% APY, $1k min/$250k max deposit, one-time rate increase option. Availability: Residents of 57 southern Iowa counties and eight northeastern Missouri counties. Iowa-based Community
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)
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