Once again, University of Iowa Community Credit Union is offering a top CD to savers in Iowa and Illinois and those affiliated with the university.
The latest promotion from Iowa’s largest credit union is a 19-month certificate paying 1.50% APY with a $1,000 minimum.
The deal gets even sweeter for savers who can pony up more, with deposits of at least $100,000 earning 1.60% APY and $250,000 or more 1.70% APY. In addition, any Hawkeye alumni, staff or students can become members.
Even at the lowest tier, the credit union’s deal outdoes the top nationally available returns from the banks on our CD Rates Leaderboard, where you’d have to commit to 24 months to earn 1.50% APY.
Searching through Bankrate’s extensive database of the day’s best CD rates will also show how hard this rate is to beat.
University of Iowa Community’s field of membership has expanded by 10 counties since we last featured it. Now anyone who lives or works in 48 Iowa counties is eligible to join, as are those in the same four Illinois counties previously included: Henry, Knox, Mercer and Rock Island.
In addition, anyone who is an alumni, staff or student at the university can become a member.
Joining the credit union and opening its certificates of deposit can be done online or at one of 15 branches that are mostly centered on Cedar Rapids and Iowa City.
For more than 100 additional local deals, visit our constantly updated roundup of the best-paying credit union and community bank CDs around the country.