bank rates

Great Deal From Greater Iowa Credit Union Pays 1.71% On 33-Month CDs

33 month CDs

There’s no disputing it – the Hawkeye state knows how to offer a great CD deal.

In fact, Iowa credit unions and community banks currently hold 20 spots in our constantly updated roundup of the country’s top-paying local and regional CDs.

But one of these is a newcomer to our charts: Greater Iowa Credit Union, which is offering 1.71% APY on 33-month certificates.

It’s nearly enough to beat the top nationally available 36-month return of 1.75% APY from the banks on our CD Rates Leaderboard, while shaving three months off the term to boot.

A search through Bankrate’s extensive database of the day’s best CD rates is always a prudent move and likely to show you how hard this Greater Iowa deal is to beat.

Membership in the credit union is available to anyone who lives or works in 33 central and western Iowa counties, including Polk, Woodbury and Story. Members and employees of a long list of organizations on Greater Iowa’s website are also eligible.

Joining the credit union and opening its certificates of deposit can be done either through the mail or in person at one of seven branches in Ames, Des Moines, Denison and Indianola.

A minimum $1,000 deposit is required, with an early-withdrawal penalty of six months’ interest should you cash in the CD before maturity.

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Comments (4)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 3.67 out of 5)
4 Existing Comments
  1. Bx said:
    on April 8th at 06:41 am

    Sabrina, I compared “spinning” a 3 month CD at 0.39% APR minimum $25k with other options. On my trusty Excel spreadsheet, it shows a 5 year return of 6.5% ROI compared to a 2.00% on a fixed 5 year CD. If I “spin” the 3 month with an automatic renewal, will I catch the higher APR after a Fed prime increases? Meanwhile, my cash is essentially compounding quarterly, FDIC insured, 3 month liquidity cadence. Please let me know why my scheme will not work, since people who do their math are always punished by financier rules.

  2. Bx said:
    on April 8th at 06:44 am

    BTW unless I did the math wrong…

  3. Bx said:
    on April 8th at 06:54 am

    Yup….did the math wrong…can’t delete the comments here…you can’t win in the system unless you’re a billionaire. Looks like Bernie’s socialism is the only hope for the Workers.

  4. rakin said:
    on April 8th at 10:53 pm

    Wow Nice Sob