Although the Hawkeye state comprises less than a single percent of the U.S. population, 1 out of every 8 deals in our roundup of the best credit union and community bank CDs is targeted to Iowa savers.
Along with Massachusetts, Iowa has consistently been one of the two biggest hotbeds for CD deals, and it’s why we can’t cover even half of the offers we learn about in those two states.
But one of the 20-plus Iowa deals currently on tap is definitely worth a shout-out: Linn Area Credit Union’s 33-month certificate paying 2.00% APY with a minimum $1,00 deposit.
That yield is enough to beat both the top nationally available 36-month return of 1.70% APY from the banks on our CD Rates Leaderboard, as well as the top 48-month return of 1.87% APY.
Membership in Linn Area is open to anyone who lives or works in 21 eastern Iowa counties, including the cities of Cedar Rapids, Davenport, Iowa City, Waterloo-Cedar Falls and Dubuque.
Both joining the credit union and opening a certificate of deposit can be done either online or at one of its five branches in Cedar Rapids and Marion.
As good as Linn Area’s deal is, always be sure to check out Bankrate’s extensive database of the best CD rates to ensure you’re getting the best deal currently available.