Current Best Bank and Credit Union Rates in Cedar Rapids, IA
While local financial institutions like community banks and credit unions are known for offering higher rates on deposit accounts, there are definitely a few that stand out as highly competitive.
Now that it’s the end of the month, let’s take a look at where the best banking rates can be found in Cedar Rapids, IA. Cedar Rapids Banking Rates has put together a list of the top Cedar Rapids interest rates (within 50 miles of the city) for both savings accounts and certificates of deposit:
Best Savings Interest Rates in Cedar Rapids
- Atkins Savings Bank: 1.51%
- Fairfax State Savings Bank: 1.3%
- Midwest Federal Employees Credit Union: 1%
Highest Cedar Rapids 6-Month CD Rates
- Security State Bank: 2.01%
- Best Of Iowa Community Credit Union: 1.75%
- Fairfax State Savings Bank: 1.75%
Top Cedar Rapids 12-Month CD Interest Rates
- Security State Bank: 2.21%
- Best Of Iowa Community Credit Union: 2.02%
- Farmers and Merchants Savings Bank: 2%
Best 24-Month CD Rates in Cedar Rapids
- Mount Vernon Bank and Trust Company: 2.75%
- Atkins Savings Bank: 2.52%
- Farmers and Merchants Savings Bank: 2.3%
Please note that these rates are accurate as of the publish date but are subject to change at any time. There may also be additional terms like balance requirements or fees that must be met in order to earn the above rates.

