It seems like rates for deposit accounts are just getting worse and worse, which makes finding a decent Cedar Rapids CD rate feel near impossible. Fortunately, there are still financial institutions in the area that are offering excellent CD rates if you know where to find them. 
Compare the Best Local Rates
Cedar Rapids 2 Year CD
With over 82 financial institutions in Cedar Rapids IA alone, it's not always an easy task to locate the most competitive offers available near you. Cedar Rapids Banking Rates is a comprehensive resource for finding the best interest rates in your area, including the highest CD rates. The average 2 year CD rate in Cedar Rapids IA is currently 1.03%, including rates from a total of 24 accounts. Below is an up-to-date list of the top five 24 month CD rates in your area.
Banks and Credit Unions with the Best Two-Year CD Rates in Cedar Rapids IA- First Credit Union - Cedar Rapids Iowa: 1.31%
- Quaker Oats Credit Union: 1.26%
- Cedar Falls Community Credit Union: 1.25%
- First State Bank: 1.25%
- Farmers Savings Bank Walford: 1.2%
For more information regarding the above banks and rates, or to view the best CD rates for additional term lengths, visit Cedar Rapids IA CD Rates.
The month of August is just about over, which means Cedar Rapids CD rates will likely change up as banks and credit unions adjust their interest rates going into September. Today’s uncertain economy makes finding truly great CD rates tough, but luckily you have Cedar Rapids Banking Rates to direct you right to the top offers in the area.
Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. Cedar Rapids Banking Rates has compiled a list of the average CD rates in Cedar Rapids by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.
As the second quarter of 2011 comes close to an end, it presents a perfect chance to take another look at how CD rates are doing right now. We recently examined Cedar Rapids CD rates for 6 and 12 month terms in the month of June, so let’s do the same for 24-month (2-year) CD rates as well.
You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Cedar Rapids CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.
When you think about your financial future, do you think long term or short term? Do you look ahead to retirement or wonder how you’re going to make rent next week?
Instead of thinking about one of those two extremes, why not look ahead a year or two? You can achieve a lot with a smart investment–like a 24-month CD. Buying a new car, putting a down payment on a house, those are the big financial dreams that can be yours.
If you live in Cedar Rapids, IA and are interested in opening a 2 Year CD account, there are a few factors you’ll need to examine before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate offered is likely your top concern.
Longer term lengths generally yield higher CD rates, which is probably why you’re interested in a 24-month CD. That doesn’t necessarily mean every 2 year CD rate is good, however. Cedar Rapids Banking Rates can help familiarize you with the rates available in Cedar Rapids and find the rates that are truly competitive for the area.
