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Cedar Rapids, Iowa CD Rates 2020

Below are the best one-year CD Rates from banks in Cedar Rapids, Iowa. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

Cedar Rapids, IA - May 28, 2020

1 Year CD National Average : 0.51% ?

Advertiser Disclosure
Banks APY MIN MILES ?
1.52% $1,000 5732.55 Learn More
1.31% $500 5825.78 Learn More
1.25% $10,000 5902.97 Learn More
1.24% $1,000 5853.79 Learn More
1.21% $100,000 5845.70 Learn More
1.20% $1,500 5728.01 Learn More
1.16% $500 5609.39 Learn More
1.15% $10,000 5821.91 Learn More
1.10% $500 5716.07 Learn More
1.10% $10,000 5741.83 Learn More
1.10% $5,000 5845.70 Learn More
1.10% $10,000 5728.34 Learn More
1.10% $1,000 5877.19 Learn More
1.10% $10,000 5617.63 Learn More
1.05% $1,000 5893.39 Learn More
1.05% $50,000 5902.18 Learn More
1.05% $100,000 5811.43 Learn More
1.01% $1,000 5732.55 Learn More
1.00% $10,000 5892.92 Learn More
1.00% $100,000 5694.68 Learn More
1.00% $1,000 5670.26 Learn More
1.00% $10,000 5686.13 Learn More
1.00% $100,000 5858.00 Learn More
1.00% $1,000 5721.33 Learn More
1.00% $100,000 5695.28 Learn More
1.00% $10,000 5845.10 Learn More
1.00% $25,000 5766.50 Learn More
1.00% $25,000 5731.36 Learn More
1.00% $1,000 5825.65 Learn More
1.00% $500 5884.17 Learn More
1.00% $1,000 5710.91 Learn More
1.00% $25,000 5783.55 Learn More
1.00% $1,000 5843.07 Learn More
1.00% $500 5687.08 Learn More
1.00% $100 5811.43 Learn More
0.95% $25,000 5728.72 Learn More
0.95% $75,000 5762.91 Learn More
0.90% $15,000 5771.51 Learn More
0.90% $50,000 5645.59 Learn More
0.90% $500 5766.50 Learn More
0.90% $1,000 5731.36 Learn More
0.90% $1,000 5761.99 Learn More
0.90% $1,000 5884.45 Learn More
0.90% $100,000 5834.19 Learn More
0.90% $10,000 5892.54 Learn More
0.90% $1,000 5868.18 Learn More
0.90% $60,000 5739.15 Learn More
0.90% $15,000 5765.91 Learn More
0.86% $1,000 5823.14 Learn More
0.85% $1,000 5771.51 Learn More
0.85% $5,000 5714.78 Learn More
0.85% $500 5586.97 Learn More
0.85% $10,000 5645.59 Learn More
0.85% $500 5762.91 Learn More
0.85% $10,000 5902.18 Learn More
0.85% $10,000 5735.59 Learn More
0.85% $5,000 5722.09 Learn More
0.85% $10,000 5739.15 Learn More
0.85% $25,000 5760.36 Learn More
0.85% $50,000 5738.25 Learn More
0.85% $25,000 5811.37 Learn More
0.85% $5,000 5765.91 Learn More
0.84% $1,000 5731.92 Learn More
0.82% $100,000 5699.93 Learn More
0.80% $25,000 5862.80 Learn More
0.80% $50,000 5784.50 Learn More
0.80% $25,000 5795.25 Learn More
0.80% $500 5777.86 Learn More
0.80% $10,000 5608.45 Learn More
0.80% $25,000 5735.59 Learn More
0.80% $500 5739.45 Learn More
0.80% $100,000 5667.32 Learn More
0.80% $1,000 5753.37 Learn More
0.80% $10,000 5783.55 Learn More
0.80% $500 5746.56 Learn More
0.78% $10,000 5823.52 Learn More
0.77% $2,500 5798.76 Learn More
0.76% $20,000 5670.64 Learn More
0.76% $35,000 5722.35 Learn More
0.75% $2,000 5691.58 Learn More
0.75% $500 5798.81 Learn More
0.75% $25,000 5715.18 Learn More
0.75% $25,000 5798.66 Learn More
0.75% $500 5821.12 Learn More
0.75% $500 5694.37 Learn More
0.75% $10,000 5730.40 Learn More
0.75% $75,000 5892.79 Learn More
0.75% $1,000 5719.69 Learn More
0.75% $100 5858.00 Learn More
0.75% $500 5695.28 Learn More
0.75% $1,000 5594.87 Learn More
0.75% $100,000 5693.55 Learn More
0.75% $10,000 5749.91 Learn More
0.75% $20,000 5670.36 Learn More
0.75% $1,000 5834.19 Learn More
0.75% $50,000 5888.48 Learn More
0.75% $1,000 5696.46 Learn More
0.75% $25,000 5683.67 Learn More
0.75% $1,000 5683.81 Learn More
0.75% $500 5595.07 Learn More
0.75% $500 5878.06 Learn More
0.75% $500 5894.60 Learn More
0.75% $100,000 5658.80 Learn More
0.75% $10,000 5738.25 Learn More
0.75% $1,000 5750.12 Learn More
0.75% $500 5749.77 Learn More
0.75% $500 5811.37 Learn More
0.72% $10,000 5743.08 Learn More
0.72% $1,000 5722.35 Learn More
0.70% $500 5774.18 Learn More
0.70% $25,000 5590.23 Learn More
0.70% $500 5591.73 Learn More
0.70% $10,000 5715.18 Learn More
0.70% $25,000 5631.24 Learn More
0.70% $25,000 5811.36 Learn More
0.70% $50,000 5771.47 Learn More
0.70% $1,000 5795.25 Learn More
0.70% $1,000 5771.44 Learn More
0.70% $1,000 5861.59 Learn More
0.70% $1,000 5670.36 Learn More
0.70% $500 5695.65 Learn More
0.70% $10,000 5683.67 Learn More
0.70% $100,000 5695.87 Learn More
0.70% $7,500 5914.09 Learn More
0.66% $1,000 5670.64 Learn More
0.65% $500 5675.58 Learn More
0.65% $10,000 5694.68 Learn More
0.65% $10,000 5813.76 Learn More
0.65% $20,000 5657.18 Learn More
0.65% $1,000 5704.35 Learn More
0.65% $1,000 5893.73 Learn More
0.65% $10,000 5700.00 Learn More
0.65% $10,000 5888.48 Learn More
0.65% $1,000 5695.43 Learn More
0.65% $500 5600.91 Learn More
0.65% $1,000 5769.99 Learn More
0.65% $1,000 5760.36 Learn More
0.65% $20,000 5669.88 Learn More
0.65% $500 5819.56 Learn More
0.65% $500 5805.86 Learn More
0.61% $50,000 5835.56 Learn More
0.60% $10,000 5823.80 Learn More
0.60% $10,000 5590.23 Learn More
0.60% $10,000 5631.24 Learn More
0.60% $10,000 5807.80 Learn More
0.60% $100 5783.08 Learn More
0.60% $2,500 5711.23 Learn More
0.60% $10,000 5784.50 Learn More
0.60% $25,000 5821.23 Learn More
0.60% $500 5861.97 Learn More
0.60% $1,000 5811.36 Learn More
0.60% $1,000 5808.51 Learn More
0.60% $500 5791.84 Learn More
0.60% $100,000 5794.46 Learn More
0.60% $1,000 5695.87 Learn More
0.60% $1,000 5770.02 Learn More
0.60% $1,000 5667.32 Learn More
0.60% $10,000 5658.80 Learn More
0.60% $500 5859.19 Learn More
0.60% $1,000 5787.02 Learn More
0.60% $2,500 5699.93 Learn More
0.60% $25,000 5716.69 Learn More
0.60% $50,000 5864.63 Learn More
0.55% $10,000 5862.80 Learn More
0.55% $1,000 5781.30 Learn More
0.55% $1,000 5657.18 Learn More
0.55% $5,000 5771.47 Learn More
0.55% $25,000 5677.27 Learn More
0.55% $10,000 5735.59 Learn More
0.55% $10,000 5782.84 Learn More
0.55% $1,000 5596.91 Learn More
0.55% $500 5669.88 Learn More
0.55% $10,000 5844.88 Learn More
0.55% $500 5864.63 Learn More
0.50% $500 5591.63 Learn More
0.50% $1,000 5722.06 Learn More
0.50% $10,000 5620.54 Learn More
0.50% $500 5600.78 Learn More
0.50% $20,000 5683.40 Learn More
0.50% $10,000 5716.71 Learn More
0.50% $1,000 5898.96 Learn More
0.50% $500 5732.78 Learn More
0.50% $1,000 5659.97 Learn More
0.50% $1,000 5777.51 Learn More
0.50% $2,500 5798.66 Learn More
0.50% $500 5592.39 Learn More
0.50% $1,000 5821.23 Learn More
0.50% $10,000 5743.38 Learn More
0.50% $500 5717.86 Learn More
0.50% $5,000 5823.00 Learn More
0.50% $10,000 5637.82 Learn More
0.50% $500 5610.37 Learn More
0.50% $1,000 5777.76 Learn More
0.50% $1,000 5695.40 Learn More
0.50% $50,000 0.00 Learn More
0.50% $10,000 5615.59 Learn More
0.50% $1,000 5693.55 Learn More
0.50% $10,000 5616.20 Learn More
0.50% $1,000 5699.37 Learn More
0.50% $10,000 5853.12 Learn More
0.50% $1,000 5891.73 Learn More
0.50% $500 5625.65 Learn More
0.50% $100,000 5661.29 Learn More
0.50% $500 5590.11 Learn More
0.50% $1,000 5722.09 Learn More
0.50% $500 5814.04 Learn More
0.50% $100,000 5649.78 Learn More
0.50% $1,000 5865.87 Learn More
0.50% $500 5799.23 Learn More
0.50% $10,000 5743.40 Learn More
0.50% $1,000 5604.65 Learn More
0.50% $500 5635.69 Learn More
0.50% $100,000 5739.57 Learn More
0.49% $25,000 5660.23 Learn More
0.48% $1,000 5601.44 Learn More
0.45% $1,000 5734.26 Learn More
0.45% $1,000 5728.67 Learn More
0.45% $10,000 5728.72 Learn More
0.45% $1,000 5661.51 Learn More
0.45% $1,000 5824.53 Learn More
0.45% $100,000 5635.43 Learn More
0.45% $1,000 5677.27 Learn More
0.45% $25,000 5657.90 Learn More
0.45% $1,000 5780.62 Learn More
0.45% $50,000 5734.20 Learn More
0.45% $10,000 5835.56 Learn More
0.45% $100,000 5772.60 Learn More
0.45% $500 5696.03 Learn More
0.42% $500 5786.72 Learn More
0.41% $5,000 5706.80 Learn More
0.41% $2,500 5711.93 Learn More
0.41% $10,000 5716.64 Learn More
0.40% $100,000 5748.26 Learn More
0.40% $100,000 5762.51 Learn More
0.40% $500 5670.48 Learn More
0.40% $1,000 5673.61 Learn More
0.40% $1,000 5610.50 Learn More
0.40% $1,000 5683.40 Learn More
0.40% $10,000 5858.51 Learn More
0.40% $1,000 5702.36 Learn More
0.40% $500 5635.63 Learn More
0.40% $500 5635.43 Learn More
0.40% $30,000 5748.99 Learn More
0.40% $10,000 0.00 Learn More
0.40% $1,000 5813.28 Learn More
0.40% $25,000 5788.69 Learn More
0.40% $1,000 5661.37 Learn More
0.40% $25,000 5717.93 Learn More
0.40% $500 5610.50 Learn More
0.40% $500 5804.47 Learn More
0.40% $10,000 5661.29 Learn More
0.40% $10,000 5587.05 Learn More
0.40% $10,000 5649.78 Learn More
0.40% $1,000 5835.53 Learn More
0.40% $10,000 5716.69 Learn More
0.40% $1,000 5773.88 Learn More
0.39% $500 5659.62 Learn More
0.39% $20,000 5694.21 Learn More
0.39% $10,000 5660.23 Learn More
0.39% $2,500 5736.95 Learn More
0.35% $500 5773.83 Learn More
0.35% $500 5707.44 Learn More
0.35% $500 5892.79 Learn More
0.35% $500 5763.17 Learn More
0.35% $1,000 0.00 Learn More
0.35% $250 0.00 Learn More
0.35% $10,000 5657.90 Learn More
0.35% $100,000 5687.71 Learn More
0.35% $10,000 5794.46 Learn More
0.35% $1,000 5902.84 Learn More
0.35% $500 5772.60 Learn More
0.35% $1,000 5658.80 Learn More
0.35% $10,000 5626.72 Learn More
0.35% $500 5587.05 Learn More
0.35% $500 5603.25 Learn More
0.34% $100,000 5630.15 Learn More
0.33% $10,000 5843.09 Learn More
0.32% $500 5694.21 Learn More
0.30% $5,000 5630.15 Learn More
0.30% $1,000 5748.99 Learn More
0.30% $10,000 5788.69 Learn More
0.30% $1,000 5687.71 Learn More
0.30% $10,000 5722.68 Learn More
0.30% $1,500 5636.94 Learn More
0.30% $1,000 5649.57 Learn More
0.30% $25,000 5814.34 Learn More
0.30% $100,000 5811.05 Learn More
0.30% $1,000 5739.57 Learn More
0.28% $100,000 5590.81 Learn More
0.28% $1,000 5814.34 Learn More
0.27% $50,000 5741.22 Learn More
0.25% $2,500 5748.26 Learn More
0.25% $500 5866.13 Learn More
0.25% $10,000 5669.52 Learn More
0.25% $10,000 5601.64 Learn More
0.25% $1,000 5742.79 Learn More
0.25% $1,000 5641.91 Learn More
0.25% $500 5594.39 Learn More
0.25% $10,000 5717.93 Learn More
0.25% $500 5749.91 Learn More
0.25% $1,000 5635.70 Learn More
0.25% $500 5853.70 Learn More
0.22% $1,000 5590.81 Learn More
0.21% $500 5594.64 Learn More
0.20% $10,000 5762.51 Learn More
0.20% $1,000 5631.96 Learn More
0.20% $500 5657.63 Learn More
0.20% $1,000 5814.07 Learn More
0.20% $1,000 5734.20 Learn More
0.20% $500 5835.56 Learn More
0.20% $1,000 5601.44 Learn More
0.18% $500 5615.10 Learn More
0.18% $10,000 5888.40 Learn More
0.17% $25,000 5764.71 Learn More
0.15% $10,000 5601.67 Learn More
0.15% $25,000 5716.17 Learn More
0.15% $1,000 5594.99 Learn More
0.15% $10,000 5640.22 Learn More
0.15% $10,000 5811.05 Learn More
0.15% $10,000 5783.48 Learn More
0.14% $10,000 5764.71 Learn More
0.12% $5,000 5741.22 Learn More
0.10% $10,000 5711.30 Learn More
0.10% $10,000 5716.17 Learn More
0.10% $500 5645.99 Learn More
0.10% $1,000 5700.54 Learn More
0.10% $10,000 5711.94 Learn More
0.07% $10,000 5734.14 Learn More
0.05% $10,000 5734.14 Learn More
0.05% $500 5813.33 Learn More
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2020

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

  • The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
  • One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Use or Change these Amounts And Rates