Highest CD Rates in Cedar Rapids, IA: 24-Month Term
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.
Today’s 2-Year CD Rates in Cedar Rapids
To get a better idea of what currently available, here’s a look at the highest, lowest and average 24-month CD rates in Cedar Rapids right now:
Number of Accounts Available: 21
Highest Rate: 2.1% APY
Lowest Rate: 0.94% APY
Average Rate: 1.41% APY
Local Banks and Credit Unions with the Best 24-Month CD Rates
The following are the local Cedar Rapids financial institutions that are currently offering the highest 24-month CD interest rates:
- Corridor State Bank: 2.1%
- Collins Community Credit Union: 1.96%
- Hiawatha Bank and Trust Company: 1.82%
- Quaker Oats Credit Union: 1.76%
- First Credit Union - Cedar Rapids Iowa: 1.61%
These rates are accurate as of 5/13/11 but are subject to change at any time. To view current 24-month CD rates, visit our Cedar Rapids 2-Year CD Rates page.
