bank rates

Iowa Savings Account Pays 2.50% APY

Leighton State Bank pays this rate with a $5,000 balanceAs Leighton State Bank in Leighton, Iowa, celebrates its 100th anniversary, residents have a reason to toast, with a savings account that pays nearly twice as much as the best nationally available deal.

The Bonus Savings Account pays 2.50% APY on balances between $5,000 and $24,999, a head-turning amount in a time when many savings account rates are sinking.

Even if you don’t have $5,000 to put in an account, you can still earn 1.20% APY, which itself is a noteworthy rate.

The best national deal, from UFB Direct (www.ufbdirect.com) is paying, 1.30% APY.

To open a Bonus Savings Account you must make a $2,500 minimum deposit, but you only have to keep $1 in your account to earn 1.20% APY.

You also need to have a checking account at the bank to be eligible for the Bonus Savings Account, but there are accounts with no minimums and no service charges (www.leightonbank.com).

You’ll need to open an account at one of the bank’s three branches, in Pella or Leighton, Iowa, about 50 miles west of Des Moines.

If you don’t live nearby, UFB Direct’s Airline Rewards Savings Account is paying 1.30% APY, and you also receive free airline miles.

A UFB Direct account requires a $100 minimum deposit. The bank is a division of Bank of Internet USA, based in San Diego.

You can see check to see how these offerings compare to the best money market and savings account rates from scores of banks in our database.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (3)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.50 out of 5)
Loading...
3 Existing Comments
  1. Kathy at Bankaholic said:
    on October 11th at 08:24 am

    Leighton’s savings rates are still available.

  2. Kathy at Bankaholic said:
    on October 19th at 08:00 am

    You can still get these savings rates.

  3. Kathy at Bankaholic said:
    on October 24th at 08:22 am

    These savings rates are still available.