Iowa City Savings Account Rates: Banks Versus Credit Unions

Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Iowa City savings account. Of course, only one financial institution in the city can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.

Below is a list of the best savings account rates in Iowa City, IA, split up by credit unions and banks. Did your financial institution make the list?

Iowa City Banks with the Highest Savings Rates

• Corridor State Bank: 1%
• Farmers & Merchants Savings Bank IA: 0.5%
• Community Savings Bank: 0.5%
• Farmers Savings Bank Walford: 0.5%
• Walcott Trust and Savings Bank: 0.4%

Credit Unions in Iowa City with the Best Savings Interest Rates

• Quaker Oats Credit Union: 0.6%
• Iowa Community Credit Union: 0.5%
• Henry County Community Credit Union: 0.5%
• Collins Community Credit Union: 0.35%
• Ascentra Credit Union: 0.3%

Please note that these rates are accurate as of 6/17/11, but are subject to change at any time.