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CD

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Bank Iowa Certificate of Deposit

Save and earn at a rate you'll enjoy.

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CDs: Great Rates. No Guesswork

Looking to earn more interest while keeping your savings secure? Look no further because we have no music here, just money in your pocket. A Bank Iowa Certificate of Deposit (CD) lets you grow your money with a fixed interest rate and a set maturity date—making it a great option if you don’t need immediate access to your funds.

At Bank Iowa, you can open a CD with as little as $500 and choose from flexible terms ranging from 3 to 60 months. Plus, longer terms and higher balances typically earn even better rates—helping maximize your savings.*

*A CD restricts access to the funds until the maturity date of the investment—early withdrawal may result in penalties and reduce earnings.

Apply For a CD

Account TypeMin Balance to obtain APYInterest RateAnnual Percentage Yield (APY)
7-Month CD Special*
$5,000 and above $5,000 4.20 4.25
13-Month CD Special*
$5,000 and above $5,000 4.20 4.25
23-Month CD Special*
$5,000 $5,000 4.16 4.20
3 Month**
$0 - $9,999.99 $500 1.01 1.01
$10,000 - $24,999.99 $10,000 1.01 1.01
$25,000 and above $25,000 1.01 1.01
6 Month**
$0 - $9,999.99 $500 1.53 1.54
$10,000 - $24,999.99 $10,000 1.53 1.54
$25,000 and above $25,000 1.53 1.54
12 Month**
$0 - $9,999.99 $500 1.69 1.70
$10,000 - $24,999.99 $10,000 1.69 1.70
$25,000 and above $25,000 1.69 1.70
18 Month**
$0 - $9,999.99 $500 1.82 1.83
$10,000 - $24,999.99 $10,000 1.82 1.83
$25,000 and above $20,000 1.82 1.83
24 Month**
$0 - $9,999.99 $500 1.60 1.61
$10,000 - $24,999.99 $10,000 1.60 1.61
$25,000 and above $25,000 1.60 1.61
30 Month**
$0 - $9,999.99 $500 1.55 1.56
$10,000 - $24,999.99 $10,000 1.55 1.56
$25,000 and above $25,000 1.55 1.56
36 Month**
$0 - $9,999.99 $500 1.48 1.49
$10,000 - $24,999.99 $10,000 1.48 1.49
$25,000 and above $25,000 1.48 1.49
48 Month**
$0 - $9,999.99 $500 1.42 1.42
$10,000 - $24,999.99 $10,000 1.42 1.42
$25,000 and above $25,000 1.42 1.42
60 Month**
$0 - $9,999.99 $500 1.34 1.34
$10,000 - $24,999.99 $10,000 1.34 1.34
$25,000 and above $25,000 1.34 1.34
36 Month Step Up***
$0 - $9,999.99 $500 1.27 1.27
$10,000 - $24,999.99 $10,000 1.27 1.27
$25,000 and above $25,000 1.27 1.27
60 Month Step Up***
$0 - $9,999.99 $500 1.19 1.19
$10,000 - $24,999.99 $10,000 1.19 1.19
$25,000 and above $25,000 1.19 1.19

*Minimum balance to open is $5,000.00. The interest rate and annual percentage yield will not change for the term of the account. Early withdrawal penalties may apply.

**Minimum balance to open is $500.00. The interest rate and annual percentage yield will not change for the term of the account. Early withdrawal penalties may apply.

***Minimum balance to open is $500.00. The interest rate and annual percentage yield may be increased once by the accountholder during the term of the CD. Early withdrawal penalties may apply.