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Iowa Savings Rates 2017

If you have your savings dollars in a bank with low savings rates, then you are losing real money. With the magic of compounding interest, even an interest rate difference under 1% can really add up over time. See our Savings Booster Calculator to see why you should seek out a higher interest rate. The table below has an unbiased list of the savings and money market account rates of FDIC-insured banks that are near your current location (if they aren’t, then change the zip code above). Take a few minutes to explore these options and see how you can boost your savings by more than 6X the national average rate. You may also want to check credit unions near you or online banks by navigating through the tabs above. There is competition for your money. Take advantage of it!

IA - January 17, 2017

Savings Account National Average Rate: 0.13% ?

BANKS APY Vs. Nat'l Av. MIN MILES ?
Farmers State Bank 1.02% 8.16x $10,000 -
Savings Bank 1.00% 8.00x $25,000 -
New Albin Savings Bank 0.80% 6.40x $1 -
Danville State Savings Bank 0.75% 6.00x $2,500 -
Savings Bank 0.75% 6.00x $10,000 -
Iowa State Bank 0.56% 4.48x $50 -
Iowa State Bank 0.55% 4.40x $25,000 -
Central State Bank 0.55% 4.40x $25,000 -
Atkins Savings Bank & Trust 0.50% 4.00x $1 -
Ashton State Bank 0.50% 4.00x $25,000 -
Danville State Savings Bank 0.50% 4.00x $25 -
New Albin Savings Bank 0.50% 4.00x $1 -
West Iowa Bank 0.50% 4.00x $15,000 -
Dysart State Bank 0.50% 4.00x $2,500 -
Farmers Savings Bank 0.50% 4.00x $1 -
Security State Bank 0.45% 3.60x $25,000 -
West Iowa Bank 0.45% 3.60x $1 -
Ashton State Bank 0.45% 3.60x $10,000 -
Luana Savings Bank 0.45% 3.60x $25,000 -
Melvin Savings Bank 0.45% 3.60x $1 -
Citizens Savings Bank 0.45% 3.60x $1 -
Peoples Trust & Savings Bank 0.45% 3.60x $25,000 -
West Iowa Bank 0.40% 3.20x $1 -
Farmers Savings Bank 0.40% 3.20x $25,000 -
Cornerstone Bank 0.40% 3.20x $25,000 -
PCSB Bank 0.40% 3.20x $15,000 -
Central State Bank 0.40% 3.20x $5,000 -
Maynard Savings Bank 0.40% 3.20x $50 -
Security State Bank 0.40% 3.20x $10,000 -
Green Belt Bank & Trust 0.40% 3.20x $25,000 -
Farmers and Merchants Savings Bank 0.40% 3.20x $25,000 -
Melvin Savings Bank 0.40% 3.20x $25,000 -
Dysart State Bank 0.38% 3.00x $1 -
Green Belt Bank & Trust 0.35% 2.80x $1 -
Hardin County Savings Bank 0.35% 2.80x $25,000 -
Bridge Community Bank 0.35% 2.80x $10 -
Farmers Savings Bank 0.35% 2.80x $2,500 -
American State Bank 0.35% 2.80x $25,000 -
Iowa Falls State Bank 0.35% 2.80x $20,000 -
BTC Bank 0.35% 2.80x $100 -
Security State Bank 0.35% 2.80x $25 -
American Savings Bank 0.35% 2.80x $25,000 -
American Trust and Savings Bank 0.35% 2.80x $25,000 -
Ashton State Bank 0.35% 2.80x $2,500 -
Peoples Savings Bank 0.35% 2.80x $25,000 -
Farmers State Bank 0.35% 2.80x $1,000 -
State Bank 0.35% 2.80x $2,501 -
The Farmers State Bank 0.35% 2.80x $25,000 -
The First National Bank of Rembrandt 0.35% 2.80x $25,000 -
Security State Bank 0.35% 2.80x $2,500 -
Farmers & Traders Savings Bank 0.35% 2.80x $2,500 -
Peoples Trust & Savings Bank 0.35% 2.80x $1,500 -
Heritage Bank 0.35% 2.80x $10,000 -
Peoples State Bank 0.35% 2.80x $25,000 -
First State Bank 0.35% 2.80x $25,000 -
South Story Bank & Trust 0.35% 2.80x $25,000 -
First State Bank 0.35% 2.80x $25,000 -
Farmers and Merchants Savings Bank 0.35% 2.80x $5,000 -
Farmers Savings Bank 0.32% 2.56x $100 -
Citizens Savings Bank 0.30% 2.40x $2,500 -
The Farmers State Bank 0.30% 2.40x $10,000 -
Solon State Bank 0.30% 2.40x $10,000 -
White State Bank 0.30% 2.40x $100 -
Central State Bank 0.30% 2.40x $1 -
Melvin Savings Bank 0.30% 2.40x $1,000 -
Community Savings Bank 0.30% 2.40x $10,000 -
Central State Bank 0.30% 2.40x $25,000 -
Cornerstone Bank 0.30% 2.40x $10,000 -
Denver Savings Bank 0.30% 2.40x $25,000 -
Success Bank 0.30% 2.40x $20,000 -
United Bank of Iowa 0.30% 2.40x $10,000 -
First Security State Bank 0.30% 2.40x $15,000 -
NSB Bank 0.30% 2.40x $15,000 -
Maynard Savings Bank 0.30% 2.40x $10,000 -
Farmers Savings Bank 0.30% 2.40x $25,000 -
First State Bank 0.30% 2.40x $25 -
WCF Financial Bank 0.30% 2.40x $25,000 -
Kingsley State Bank 0.30% 2.40x $25,000 -
First State Bank 0.30% 2.40x $10,000 -
American State Bank 0.30% 2.40x $2,500 -
The Watkins Savings Bank 0.30% 2.40x $100 -
Bank Iowa 0.30% 2.40x $25,000 -
PCSB Bank 0.30% 2.40x $1 -
Center Point Bank and Trust Company 0.26% 2.08x $25,000 -
American State Bank 0.26% 2.08x $25,000 -
Heartland Bank 0.25% 2.00x $10,000 -
Benton County State Bank 0.25% 2.00x $25 -
Hardin County Savings Bank 0.25% 2.00x $2,500 -
Success Bank 0.25% 2.00x $1 -
BTC Bank 0.25% 2.00x $2,500 -
Mediapolis Savings Bank 0.25% 2.00x $2,500 -
Savings Bank 0.25% 2.00x $1 -
White State Bank 0.25% 2.00x $2,500 -
American Bank, National Association 0.25% 2.00x $1 -
Bridge Community Bank 0.25% 2.00x $2,500 -
Security State Bank 0.25% 2.00x $50 -
American Savings Bank 0.25% 2.00x $2,500 -
Iowa State Bank 0.25% 2.00x $1,000 -
Iowa Falls State Bank 0.25% 2.00x $5,000 -
Peoples Trust and Savings Bank 0.25% 2.00x $25,000 -
Cornerstone Bank 0.25% 2.00x $1,000 -
Security State Bank 0.25% 2.00x $10,000 -
First Trust and Savings Bank 0.25% 2.00x $25,000 -
Fort Madison Bank & Trust Co. 0.25% 2.00x $2,500 -
Pilot Grove Savings Bank 0.25% 2.00x $1 -
Primebank 0.25% 2.00x $1 -
American Trust and Savings Bank 0.25% 2.00x $100 -
Ashton State Bank 0.25% 2.00x $1 -
Peoples Savings Bank 0.25% 2.00x $10,000 -
Community Bank 0.25% 2.00x $100 -
State Savings Bank 0.25% 2.00x $100 -
Home State Bank 0.25% 2.00x $10,000 -
Security Trust & Savings Bank 0.25% 2.00x $100 -
WCF Financial Bank 0.25% 2.00x $5,000 -
Solon State Bank 0.25% 2.00x $50 -
The Farmers State Bank 0.25% 2.00x $1 -
Kingsley State Bank 0.25% 2.00x $1 -
F&M Bank 0.25% 2.00x $25,000 -
The First National Bank of Rembrandt 0.25% 2.00x $1 -
GNB Bank 0.25% 2.00x $25,000 -
Atkins Savings Bank & Trust 0.25% 2.00x $1,500 -
The Watkins Savings Bank 0.25% 2.00x $25,000 -
United Bank of Iowa 0.25% 2.00x $10,000 -
Malvern Trust & Savings Bank 0.25% 2.00x $2,500 -
Farmers & Traders Savings Bank 0.25% 2.00x $1 -
Elgin State Bank 0.25% 2.00x $2,500 -
CBI Bank & Trust 0.25% 2.00x $25,000 -
First Security State Bank 0.25% 2.00x $25,000 -
First State Bank 0.25% 2.00x $25,000 -
Guthrie County State Bank 0.25% 2.00x $100 -
Luana Savings Bank 0.25% 2.00x $2,500 -
Boone Bank & Trust Co. 0.25% 2.00x $25,000 -
Peoples State Bank 0.25% 2.00x $25,000 -
First State Bank 0.25% 2.00x $2,500 -
First State Bank 0.25% 2.00x $10,000 -
American State Bank 0.25% 2.00x $1 -
The Libertyville Savings Bank 0.20% 1.60x $50 -
Charter Bank 0.20% 1.60x $1 -
Bank Iowa 0.20% 1.60x $1 -
Peoples State Bank 0.20% 1.60x $10,000 -
Hardin County Savings Bank 0.20% 1.60x $10 -
United Bank of Iowa 0.20% 1.60x $100 -
Farmers and Merchants Savings Bank 0.20% 1.60x $25,000 -
Legacy Bank 0.20% 1.60x $2,500 -
Decorah Bank & Trust Company 0.20% 1.60x $20,000 -
Victor State Bank 0.20% 1.60x $2,500 -
Solon State Bank 0.20% 1.60x $2,500 -
Farmers Trust and Savings Bank 0.20% 1.60x $25,000 -
First American Bank 0.20% 1.60x $10,000 -
Iowa Falls State Bank 0.20% 1.60x $100 -
Sterling Federal Bank, F.S.B. 0.20% 1.60x $10,000 -
Farmers State Bank 0.20% 1.60x $1,000 -
Peoples Trust and Savings Bank 0.20% 1.60x $50 -
De Witt Bank & Trust Co. 0.20% 1.60x $25,000 -
First National Bank 0.20% 1.60x $2,500 -
Central State Bank 0.20% 1.60x $100 -
First Trust and Savings Bank 0.20% 1.60x $10 -
State Central Bank 0.20% 1.60x $25,000 -
Bank Midwest 0.20% 1.60x $100 -
Community State Bank 0.20% 1.60x $1,000 -
Farmers Savings Bank 0.20% 1.60x $50 -
First National Bank 0.20% 1.60x $1 -
Maynard Savings Bank 0.20% 1.60x $2,500 -
BankOrion 0.20% 1.60x $25,000 -
American Trust and Savings Bank 0.20% 1.60x $2,500 -
Community Savings Bank 0.20% 1.60x $100 -
First State Bank 0.20% 1.60x $25,000 -
Kerndt Brothers Savings Bank 0.20% 1.60x $50 -
Kingsley State Bank 0.20% 1.60x $10,000 -
Peoples Savings Bank 0.20% 1.60x $50 -
Raccoon Valley Bank 0.20% 1.60x $25,000 -
F&M Bank 0.20% 1.60x $2,500 -
Security State Bank 0.20% 1.60x $25,000 -
Lincoln Savings Bank 0.20% 1.60x $25,000 -
First State Bank 0.20% 1.60x $2,500 -
Peoples Savings Bank 0.20% 1.60x $25,001 -
Northwest Bank & Trust Company 0.20% 1.60x $10,000 -
State Bank of Bussey 0.20% 1.60x $25,001 -
First State Bank 0.20% 1.60x $1 -
Westside State Bank 0.20% 1.60x $1 -
State Bank 0.20% 1.60x $1 -
First State Bank 0.20% 1.60x $1 -
Clarke County State Bank 0.20% 1.60x $25,000 -
Pinnacle Bank 0.20% 1.60x $25,000 -
Denver Savings Bank 0.20% 1.60x $50 -
Blackhawk Bank & Trust 0.20% 1.60x $20,000 -
Farmers Savings Bank 0.20% 1.60x $2,500 -
Farmers and Merchants State Bank 0.20% 1.60x $25,000 -
First Security State Bank 0.20% 1.60x $5,000 -
State Savings Bank 0.20% 1.60x $1 -
Commercial Savings Bank 0.20% 1.60x $25,000 -
WCF Financial Bank 0.20% 1.60x $50 -
CUSB Bank 0.20% 1.60x $25,001 -
Citizens Savings Bank 0.20% 1.60x $10,000 -
Blue Grass Savings Bank 0.20% 1.60x $25,000 -
Reliance State Bank 0.20% 1.60x $25,000 -
Liberty Trust & Savings Bank 0.20% 1.60x $1,000 -
Center Point Bank and Trust Company 0.20% 1.60x $10,000 -
Farmers Savings Bank & Trust 0.20% 1.60x $25,000 -
Earlham Savings Bank 0.20% 1.60x $10,000 -
Citizens Savings Bank 0.20% 1.60x $5,000 -
Liberty National Bank 0.20% 1.60x $1 -
Citizens First Bank 0.20% 1.60x $25,000 -
Success Bank 0.20% 1.60x $1 -
Farmers & Merchants Savings Bank 0.20% 1.60x $10 -
Walcott Trust and Savings Bank 0.20% 1.60x $25,000 -
Peoples State Bank 0.20% 1.60x $25,000 -
Community State Bank 0.20% 1.60x $15,000 -
First National Bank, Ames, Iowa 0.20% 1.60x $25,000 -
Security State Bank 0.20% 1.60x $10 -
Chelsea Savings Bank 0.20% 1.60x $100 -
The Watkins Savings Bank 0.20% 1.60x $1,000 -
First State Bank 0.20% 1.60x $2,500 -
NSB Bank 0.19% 1.52x $1 -
Farmers Trust & Savings Bank 0.18% 1.44x $25,000 -
NSB Bank 0.18% 1.44x $25,000 -
The First National Bank in Creston 0.18% 1.44x $25,000 -
State Central Bank 0.17% 1.36x $50 -
American State Bank 0.16% 1.28x $1 -
Security Savings Bank 0.16% 1.28x $25,001 -
Center Point Bank and Trust Company 0.16% 1.28x $2,500 -
Peoples Savings Bank 0.15% 1.20x $1 -
Charter Bank 0.15% 1.20x $10,000 -
Bank Iowa 0.15% 1.20x $1,000 -
Farmers State Bank 0.15% 1.20x $1 -
FreedomBank 0.15% 1.20x $1 -
Exchange State Bank 0.15% 1.20x $10,000 -
Farmers and Merchants State Bank 0.15% 1.20x $5,000 -
Commercial Savings Bank 0.15% 1.20x $1 -
First State Bank 0.15% 1.20x $2,500 -
Farmers Trust and Savings Bank 0.15% 1.20x $10,000 -
Iowa Trust and Savings Bank 0.15% 1.20x $25,000 -
South Ottumwa Savings Bank 0.15% 1.20x $25,000 -
Marion County State Bank 0.15% 1.20x $5,000 -
Maquoketa State Bank 0.15% 1.20x $1 -
Citizens State Bank 0.15% 1.20x $100 -
Iowa State Savings Bank 0.15% 1.20x $300 -
First Heritage Bank 0.15% 1.20x $7,500 -
Heartland Bank 0.15% 1.20x $25,000 -
BankOrion 0.15% 1.20x $2,500 -
Peoples Trust & Savings Bank 0.15% 1.20x $2,500 -
American Bank, National Association 0.15% 1.20x $10,000 -
Fairfax State Savings Bank 0.15% 1.20x $5,000 -
First Iowa State Bank 0.15% 1.20x $25,000 -
First State Bank 0.15% 1.20x $10,000 -
Frontier Bank 0.15% 1.20x $10,000 -
Hills Bank and Trust Company 0.15% 1.20x $10,000 -
Iowa Savings Bank 0.15% 1.20x $1 -
Farmers State Bank 0.15% 1.20x $50 -
Union State Bank 0.15% 1.20x $25,000 -
Gateway State Bank 0.15% 1.20x $25,000 -
Farmers Savings Bank 0.15% 1.20x $1 -
Citizens State Bank 0.15% 1.20x $1 -
De Witt Bank & Trust Co. 0.15% 1.20x $2,500 -
First National Bank 0.15% 1.20x $1 -
Home State Bank 0.15% 1.20x $1 -
Community State Bank 0.15% 1.20x $10,000 -
First Trust and Savings Bank 0.15% 1.20x $2,500 -
Exchange State Bank 0.15% 1.20x $25,000 -
Mediapolis Savings Bank 0.15% 1.20x $1 -
Community State Bank 0.15% 1.20x $1 -
Clear Lake Bank and Trust Company 0.15% 1.20x $100 -
Decorah Bank & Trust Company 0.15% 1.20x $750 -
Community Bank 0.15% 1.20x $25,000 -
Home State Bank 0.15% 1.20x $1 -
NSB Bank 0.15% 1.20x $10,000 -
Peoples State Bank 0.15% 1.20x $10,000 -
First State Bank 0.15% 1.20x $1 -
Bank 0.15% 1.20x $25,000 -
MidWestOne Bank 0.15% 1.20x $25,000 -
Security Savings Bank 0.15% 1.20x $1 -
Citizens Bank 0.15% 1.20x $1 -
Peoples Savings Bank 0.15% 1.20x $2,500 -
St. Ansgar State Bank 0.15% 1.20x $1,000 -
Hiawatha Bank and Trust Company 0.15% 1.20x $10,000 -
Iowa State Bank and Trust Company of Fairfield, Iowa 0.15% 1.20x $2,500 -
Lincoln Savings Bank 0.15% 1.20x $10,000 -
Sterling Federal Bank, F.S.B. 0.15% 1.20x $200 -
Primebank 0.15% 1.20x $10,000 -
Farmers Trust & Savings Bank 0.15% 1.20x $10,000 -
Farmers Savings Bank 0.15% 1.20x $1,000 -
State Bank of Bussey 0.15% 1.20x $10,001 -
South Story Bank & Trust 0.15% 1.20x $2,500 -
The Clinton National Bank 0.15% 1.20x $25,000 -
Washington State Bank 0.15% 1.20x $1,500 -
First Citizens Bank 0.15% 1.20x $25,000 -
Farmers State Bank 0.15% 1.20x $10,000 -
Valley Bank & Trust 0.15% 1.20x $25,000 -
Reliance State Bank 0.15% 1.20x $200 -
Blackhawk Bank & Trust 0.15% 1.20x $10,000 -
Midwest Heritage Bank, FSB 0.15% 1.20x $25,000 -
Iowa State Bank 0.15% 1.20x $10,000 -
Farmers Savings Bank 0.15% 1.20x $2,500 -
Citizens Savings Bank 0.15% 1.20x $2,000 -
First State Bank 0.15% 1.20x $2,500 -
Carroll County State Bank 0.15% 1.20x $25,000 -
First Trust and Savings Bank 0.15% 1.20x $25,000 -
Northeast Security Bank 0.15% 1.20x $25,000 -
First National Bank, Ames, Iowa 0.15% 1.20x $10,000 -
Iowa State Bank 0.15% 1.20x $25,000 -
First State Bank 0.15% 1.20x $2,500 -
Blue Grass Savings Bank 0.15% 1.20x $25 -
Pocahontas State Bank 0.15% 1.20x $25,000 -
American Savings Bank 0.15% 1.20x $100 -
Liberty Trust & Savings Bank 0.15% 1.20x $50 -
Heritage Bank 0.15% 1.20x $1 -
Templeton Savings Bank 0.15% 1.20x $1 -
Fort Madison Bank & Trust Co. 0.15% 1.20x $1 -
First Security State Bank 0.15% 1.20x $1,000 -
Security State Bank 0.15% 1.20x $5,000 -
Rolfe State Bank 0.15% 1.20x $10,000 -
Peoples State Bank 0.15% 1.20x $1 -
Citizens First Bank 0.15% 1.20x $10,000 -
Farmers Savings Bank & Trust 0.15% 1.20x $10,000 -
Earlham Savings Bank 0.15% 1.20x $1 -
Arbor Bank 0.15% 1.20x $25,000 -
CBI Bank & Trust 0.15% 1.20x $1,500 -
Manufacturers Bank & Trust Company 0.15% 1.20x $25,000 -
Raccoon Valley Bank 0.15% 1.20x $10,000 -
Walcott Trust and Savings Bank 0.15% 1.20x $5,000 -
Northwest Bank & Trust Company 0.15% 1.20x $1 -
Kerndt Brothers Savings Bank 0.15% 1.20x $1,000 -
Boone Bank & Trust Co. 0.15% 1.20x $100 -
Palo Savings Bank 0.15% 1.20x $20,000 -
Bankers Trust Company 0.14% 1.12x $10,000 -
FARMERS TRUST & SAVINGS BANK 0.14% 1.12x $10,000 -
Iowa - Nebraska State Bank 0.14% 1.12x $25,000 -
Midstates Bank, National Association 0.13% 1.04x $100 -
GNB Bank 0.13% 1.04x $10,000 -
The Shelby County State Bank 0.13% 1.04x $25,000 -
Union State Bank 0.13% 1.04x $10,000 -
Peoples Bank 0.13% 1.04x $15,000 -
NSB Bank 0.13% 1.04x $1,000 -
County Bank 0.13% 1.04x $25,000 -
Farmers Trust & Savings Bank 0.13% 1.04x $10,000 -
Iowa State Savings Bank 0.13% 1.04x $25,000 -
Farmers State Bank 0.13% 1.00x $25,000 -
Marion County State Bank 0.13% 1.00x $2,500 -
Arbor Bank 0.12% 0.96x $10,000 -
Farmers Trust & Savings Bank 0.12% 0.96x $2,500 -
Security State Bank 0.12% 0.96x $25,000 -
Great Southern Bank 0.12% 0.96x $25,000 -
Bank Iowa 0.12% 0.96x $25,000 -
Keystone Savings Bank 0.12% 0.96x $25,000 -
FARMERS TRUST & SAVINGS BANK 0.12% 0.96x $200 -
Farmers Trust and Savings Bank 0.12% 0.96x $2,000 -
NSB Bank 0.12% 0.96x $1,000 -
Security Savings Bank 0.11% 0.88x $2,500 -
Elgin State Bank 0.11% 0.86x $50 -
Two Rivers Bank & Trust 0.10% 0.80x $1 -
BankIowa of Cedar Rapids 0.10% 0.80x $1 -
Laurens State Bank 0.10% 0.80x $25,000 -
Charter Bank 0.10% 0.80x $1 -
Montezuma State Bank 0.10% 0.80x $2,500 -
The First National Bank in Creston 0.10% 0.80x $1 -
First Whitney Bank and Trust 0.10% 0.80x $1 -
Farmers State Bank 0.10% 0.80x $2,500 -
Exchange State Bank 0.10% 0.80x $2,500 -
Farmers State Bank 0.10% 0.80x $1,000 -
Community Bank of Oelwein 0.10% 0.80x $1 -
The Shelby County State Bank 0.10% 0.80x $2,500 -
Houghton State Bank 0.10% 0.80x $10,000 -
Arbor Bank 0.10% 0.80x $1 -
Farmers & Merchants Bank & Trust 0.10% 0.80x $100 -
Community State Bank 0.10% 0.80x $7,500 -
Iowa Trust and Savings Bank 0.10% 0.80x $1 -
Lee County Bank & Trust, National Association 0.10% 0.80x $25,000 -
Citizens First Bank 0.10% 0.80x $1 -
The State Bank of Toledo 0.10% 0.80x $100 -
Citizens Savings Bank 0.10% 0.80x $500 -
Iowa State Bank 0.10% 0.80x $10,000 -
Logan State Bank 0.10% 0.80x $10,000 -
First Iowa State Bank 0.10% 0.80x $10,000 -
Legacy Bank 0.10% 0.80x $1 -
South Ottumwa Savings Bank 0.10% 0.80x $100 -
Union State Bank 0.10% 0.80x $2,500 -
Heartland Bank 0.10% 0.80x $10,000 -
Community State Bank 0.10% 0.80x $100 -
Cornerstone Bank 0.10% 0.80x $1 -
Farmers and Merchants Savings Bank 0.10% 0.80x $10 -
Victor State Bank 0.10% 0.80x $10 -
Security State Bank 0.10% 0.80x $100 -
Peoples Trust & Savings Bank 0.10% 0.80x $1,500 -
American Bank, National Association 0.10% 0.80x $1 -
Walcott Trust and Savings Bank 0.10% 0.80x $1 -
Bank Iowa 0.10% 0.80x $1 -
MidWestOne Bank 0.10% 0.80x $1 -
Community Bank 0.10% 0.80x $1 -
Community Bank and Trust Company 0.10% 0.80x $50 -
First Iowa State Bank 0.10% 0.80x $1 -
First State Bank 0.10% 0.80x $50 -
Decorah Bank & Trust Company 0.10% 0.80x $1 -
Guaranty Bank and Trust Company 0.10% 0.80x $1,000 -
Frontier Bank 0.10% 0.80x $1 -
United Bank and Trust Company 0.10% 0.80x $1 -
Hills Bank and Trust Company 0.10% 0.80x $1 -
The Clinton National Bank 0.10% 0.80x $10,000 -
Citizens State Bank 0.10% 0.80x $1,500 -
Center Point Bank and Trust Company 0.10% 0.80x $501 -
First Security Bank and Trust Company 0.10% 0.80x $1 -
Lincoln Savings Bank 0.10% 0.80x $1 -
Farmers Savings Bank & Trust 0.10% 0.80x $1 -
Iowa Trust & Savings Bank 0.10% 0.80x $25,000 -
Exchange State Bank 0.10% 0.80x $10,000 -
Iowa State Savings Bank 0.10% 0.80x $300 -
BankOrion 0.10% 0.80x $2,500 -
Midwest Heritage Bank, FSB 0.10% 0.80x $10,000 -
NorthStar Bank 0.10% 0.80x $5,000 -
The State Bank 0.10% 0.80x $25,000 -
Security State Bank 0.10% 0.80x $1,000 -
Bank Plus 0.10% 0.80x $2,000 -
Community Bank 0.10% 0.80x $1 -
First State Bank 0.10% 0.80x $1 -
Southeast National Bank 0.10% 0.80x $25,000 -
Peoples Trust and Savings Bank 0.10% 0.80x $1,000 -
Bank 0.10% 0.80x $10,000 -
State Savings Bank 0.10% 0.80x $2,500 -
First National Bank 0.10% 0.80x $1 -
Farmers Trust & Savings Bank 0.10% 0.80x $50 -
MetaBank 0.10% 0.80x $100 -
Security Savings Bank 0.10% 0.80x $1 -
Security State Bank 0.10% 0.80x $2,500 -
Community Savings Bank 0.10% 0.80x $2,500 -
Wayland State Bank 0.10% 0.80x $50 -
First State Bank 0.10% 0.80x $1 -
Iowa - Nebraska State Bank 0.10% 0.80x $10,000 -
American Bank and Trust Company, National Association 0.10% 0.80x $2,500 -
Sibley State Bank 0.10% 0.80x $100 -
Century Bank 0.10% 0.80x $2,500 -
Malvern Trust & Savings Bank 0.10% 0.80x $1 -
St. Ansgar State Bank 0.10% 0.80x $2,500 -
Hiawatha Bank and Trust Company 0.10% 0.80x $2,500 -
Manufacturers Bank & Trust Company 0.10% 0.80x $10,000 -
Northwest Bank & Trust Company 0.10% 0.80x $1 -
Security State Bank 0.10% 0.80x $10 -
Peoples Savings Bank 0.10% 0.80x $25 -
State Bank & Trust Co. 0.10% 0.80x $10,000 -
State Bank of Bussey 0.10% 0.80x $1 -
Blackhawk Bank & Trust 0.10% 0.80x $100 -
First National Bank of Muscatine 0.10% 0.80x $100 -
Pinnacle Bank 0.10% 0.80x $5,000 -
Home Federal Savings Bank 0.10% 0.80x $25,000 -
Northwestern Bank 0.10% 0.80x $25,000 -
Washington State Bank 0.10% 0.80x $100 -
Community State Bank 0.10% 0.80x $25 -
Denver Savings Bank 0.10% 0.80x $50 -
FreedomBank 0.10% 0.80x $5,000 -
First Citizens Bank 0.10% 0.80x $1 -
First Heritage Bank 0.10% 0.80x $1 -
Iowa State Savings Bank 0.10% 0.80x $10,000 -
Valley Bank & Trust 0.10% 0.80x $25,000 -
GNB Bank 0.10% 0.80x $2,500 -
Farmers and Merchants State Bank 0.10% 0.80x $2,500 -
The First National Bank of Manning 0.10% 0.80x $10 -
Peoples State Bank 0.10% 0.80x $25 -
Pocahontas State Bank 0.10% 0.80x $1 -
Great Southern Bank 0.10% 0.80x $100 -
CUSB Bank 0.10% 0.80x $1 -
Farmers & Merchants Savings Bank 0.10% 0.80x $1 -
Carroll County State Bank 0.10% 0.80x $10,000 -
First Trust and Savings Bank 0.10% 0.80x $1 -
Ohnward Bank & Trust 0.10% 0.80x $10,000 -
Northeast Security Bank 0.10% 0.80x $1,000 -
First National Bank, Ames, Iowa 0.10% 0.80x $1 -
Chelsea Savings Bank 0.10% 0.80x $20,000 -
Bank 1st 0.10% 0.80x $1 -
American Trust & Savings Bank 0.10% 0.80x $1 -
Peoples Savings Bank 0.10% 0.80x $50 -
United Community Bank 0.10% 0.80x $1 -
First Central State Bank 0.10% 0.80x $10,000 -
De Witt Bank & Trust Co. 0.10% 0.80x $100 -
Rolfe State Bank 0.10% 0.80x $2,500 -
First Security State Bank 0.10% 0.80x $25 -
Liberty National Bank 0.10% 0.80x $2,500 -
Farmers State Bank 0.10% 0.80x $50 -
Templeton Savings Bank 0.10% 0.80x $10,000 -
Citizens Savings Bank 0.10% 0.80x $200 -
Keystone Savings Bank 0.10% 0.80x $2,500 -
Leighton State Bank 0.10% 0.80x $1 -
Palo Savings Bank 0.10% 0.80x $10,000 -
Raccoon Valley Bank 0.10% 0.80x $1 -
Frontier Savings Bank 0.10% 0.80x $25,000 -
Treynor State Bank 0.10% 0.80x $25,000 -
CBI Bank & Trust 0.10% 0.80x $1 -
Peoples State Bank 0.10% 0.80x $10 -
Titonka Savings Bank 0.10% 0.80x $25,000 -
Fairfax State Savings Bank 0.10% 0.80x $1 -
Earlham Savings Bank 0.10% 0.80x $1 -
TBK BANK, SSB 0.10% 0.80x $25,000 -
Kingsley State Bank 0.10% 0.80x $2,500 -
Primebank 0.10% 0.80x $2,500 -
Farmers and Merchants Savings Bank 0.10% 0.80x $1 -
Bank Iowa 0.09% 0.72x $1 -
Tri-Valley Bank 0.09% 0.72x $10 -
GNB Bank 0.09% 0.72x $1 -
The Security National Bank of Sioux City, Iowa 0.08% 0.64x $2,500 -
Peoples Bank 0.08% 0.64x $1 -
State Bank & Trust Co. 0.08% 0.64x $100 -
County Bank 0.08% 0.64x $10,000 -
American National Bank 0.08% 0.64x $25,000 -
Century Bank 0.08% 0.64x $1,000 -
American Bank and Trust Company, National Association 0.08% 0.64x $1 -
Keystone Savings Bank 0.08% 0.64x $20 -
Iowa State Savings Bank 0.08% 0.64x $2,500 -
Iowa State Bank 0.08% 0.64x $10,000 -
Heritage Bank National Association 0.08% 0.64x $1 -
Frontier Savings Bank 0.08% 0.64x $10,000 -
Valley Bank & Trust 0.08% 0.60x $10,000 -
Cedar Valley Bank & Trust 0.07% 0.56x $20,000 -
VISIONBANK OF IOWA 0.07% 0.56x $25,000 -
Gateway State Bank 0.07% 0.56x $1 -
Logan State Bank 0.07% 0.56x $100 -
Bankers Trust Company 0.07% 0.56x $1 -
Iowa State Bank 0.07% 0.56x $1 -
Midwest Heritage Bank, FSB 0.07% 0.56x $1,000 -
Bank Iowa 0.07% 0.56x $1 -
Community State Bank 0.07% 0.56x $1 -
Rolfe State Bank 0.07% 0.56x $1 -
Hiawatha Bank and Trust Company 0.07% 0.56x $500 -
Great Southern Bank 0.07% 0.56x $10,000 -
Pinnacle Bank 0.07% 0.56x $100 -
Bank of the West 0.07% 0.56x $25,000 -
American National Bank 0.06% 0.48x $2,500 -
FNNB Bank 0.06% 0.48x $1 -
State Bank & Trust Co. 0.06% 0.48x $2,500 -
Pinnacle Bank 0.06% 0.48x $1 -
Treynor State Bank 0.06% 0.48x $5,000 -
U.S. Bank National Association 0.06% 0.48x $10,000 -
Bank of the West 0.06% 0.48x $10,000 -
Laurens State Bank 0.05% 0.40x $1 -
Charter Bank 0.05% 0.40x $100 -
VISIONBANK OF IOWA 0.05% 0.40x $2,500 -
Carroll County State Bank 0.05% 0.40x $1 -
Central Bank 0.05% 0.40x $1 -
Community State Bank 0.05% 0.40x $1 -
South Ottumwa Savings Bank 0.05% 0.40x $1 -
First National Bank in Fairfield 0.05% 0.40x $5 -
Houghton State Bank 0.05% 0.40x $1 -
The Clinton National Bank 0.05% 0.40x $1 -
Farmers & Merchants Bank & Trust 0.05% 0.40x $2,500 -
Southeast National Bank 0.05% 0.40x $300 -
Northwest Bank 0.05% 0.40x $1,000 -
Iowa Trust and Savings Bank 0.05% 0.40x $2,500 -
Manufacturers Bank & Trust Company 0.05% 0.40x $2,500 -
Lee County Bank & Trust, National Association 0.05% 0.40x $1 -
Titonka Savings Bank 0.05% 0.40x $1 -
Citizens Savings Bank 0.05% 0.40x $1 -
United Bank & Trust National Association 0.05% 0.40x $25,000 -
Iowa - Nebraska State Bank 0.05% 0.40x $1 -
The First Trust & Savings Bank 0.05% 0.40x $1 -
Community State Bank 0.05% 0.40x $1,000 -
Security State Bank 0.05% 0.40x $1,500 -
Clarke County State Bank 0.05% 0.40x $10,000 -
Farmers State Bank 0.05% 0.40x $25,000 -
Exchange State Bank 0.05% 0.40x $20 -
Northwestern Bank 0.05% 0.40x $100 -
Bankers Trust Company 0.05% 0.40x $1 -
Landmands Bank 0.05% 0.40x $100 -
Iowa Trust & Savings Bank 0.05% 0.40x $2,500 -
Exchange State Bank 0.05% 0.40x $2,000 -
First National Bank of Omaha 0.05% 0.40x $1 -
Fidelity Bank & Trust 0.05% 0.40x $1 -
Federation Bank 0.05% 0.40x $1 -
The State Bank 0.05% 0.40x $1 -
MetaBank 0.05% 0.40x $1 -
Security State Bank 0.05% 0.40x $1 -
Bank Plus 0.05% 0.40x $1 -
Guaranty Bank and Trust Company 0.05% 0.40x $1 -
Security Savings Bank 0.05% 0.40x $2,500 -
Valley Bank & Trust 0.05% 0.40x $20 -
Bank 0.05% 0.40x $50 -
American Bank and Trust Company, National Association 0.05% 0.40x $1 -
Logan State Bank 0.05% 0.40x $10 -
Northeast Security Bank 0.05% 0.40x $100 -
Audubon State Bank 0.05% 0.40x $1 -
Raccoon Valley Bank 0.05% 0.40x $1 -
Community Bank and Trust Company 0.05% 0.40x $1,000 -
Bank Iowa 0.05% 0.40x $1 -
Iowa State Bank 0.05% 0.40x $100 -
The Security National Bank of Sioux City, Iowa 0.05% 0.40x $200 -
First Midwest Bank 0.05% 0.40x $25,000 -
Peoples Savings Bank 0.05% 0.40x $2,500 -
Home Federal Savings Bank 0.05% 0.40x $1 -
Ohnward Bank & Trust 0.05% 0.40x $1 -
First State Bank 0.05% 0.40x $2,500 -
The Citizens First National Bank of Storm Lake 0.05% 0.40x $500 -
Farmers State Bank 0.05% 0.40x $1 -
Iowa State Savings Bank 0.05% 0.40x $1,000 -
Midwest Heritage Bank, FSB 0.05% 0.40x $200 -
Iowa State Bank 0.05% 0.40x $1 -
First State Bank 0.05% 0.40x $1 -
Defiance State Bank 0.05% 0.40x $1 -
Farmers Trust and Savings Bank 0.05% 0.40x $1 -
Gateway State Bank 0.05% 0.40x $1 -
PCSB Bank 0.05% 0.40x $1 -
Templeton Savings Bank 0.05% 0.40x $1 -
U.S. Bank National Association 0.05% 0.40x $10,000 -
South Story Bank & Trust 0.05% 0.40x $100 -
First National Bank of Muscatine 0.05% 0.40x $1 -
Montezuma State Bank 0.05% 0.40x $100 -


BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

PRODUCT INFORMATION


Local Savings Accounts 2017

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different product types (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.

Disadvantages:

  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you and be sure it is appropriate. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.

SAVINGS & CD BOOSTER CALCULATOR

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

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  • george koshefsky

    April 21, 2015

    Where is the list of the worst online banks to bank with or the States to avoid

  • ctyank January 19, 2015

    January 19, 2015

    Liberty Bank...Hamden, CT...new branch opening...special savings rate, 1.50% up to $100,000.00 through 2016...do not beleive it is available to om-line customer(s)...checking account linked, free...

  • Sol @ Travis

    September 29, 2013

    @ Travis

    In many cases we do provide this information. For example, the Belmont Savings Bank rate you list above comes with a clear disclaimer if you click the Learn more button. We're always trying to improve though and will certainly continue to gather additional information. Thanks for your comment.

  • Travis MacDonald

    September 29, 2013

    I find the numbers decieving. Some of your banks listed with the highest APR have many restrictions and requirements. I feel that these should be listed on your site in the "details" section to avoid any "bait-and-switch" claims. For instance, Belmont Savings Bank in Belmont, MA is listed as having a 1.00% APR, but the savings account requires a companion checking account with a daily average balance of 250,000. Another example is Salen Five cents Bank under the online banks. The account listed is not available on their website. When I inquired about it, they told me that particular savings product was reserved as an add-on for accounts with daily balances in excess of $10,000. It seems alot of research went into the details pages in terms of company financials and whatnot. Seems like a little more research could be done on the savings and checking products themselves.

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