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Iowa State Bank's Rates

Effective for the week of October 29, 2014-November 4 , 2014

All CD rates are subject to change weekly and are not guaranteed until a CD is opened. Early withdrawal penalties may apply. Please contact an Iowa State Bank employee for more information; other terms and conditions may apply.

Traditional Certificates of Deposit

Certificates of Deposit (CDs) are an effective way to make funds available in the future. Our regular CD requires a $1,000 minimum deposit to open, and there are various terms on these accounts.

CD Rates

Term

Minimum

Deposit

Interest Rate

(%)

APY*

60 Month

$1,000.00

1.05

1.05

48 Month

$1,000.00

0.84

0.85

36 Month

$1,000.00

0.50

0.50

30 Month

$1,000.00

0.35

0.35

24 Month

$1,000.00

0.35

0.35

18 Month

$1,000.00

0.30

0.30

12 Month

$1,000.00

0.25

0.25

182 Days $1,000.00 0.15 0.15
91 Days $1,000.00 0.10 0.10

 *The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compunding for a 365-day period.

 

Optional Rate Certificates of Deposit

Our Optional Rate (One-Time Bump Up) CDs come with the option of changing the rate once during each renewed term of the certificate. It is the customer’s responsibility to monitor the rates.

Optional Rate (One-Time Bump Up) CD Rates

Term

Minimum

Deposit

Interest Rate

(%)

APY*

27 Month

$1,000.00

0.40

0.40

21 Month

$1,000.00

0.30

0.30

15 Month

$10,000.00

0.25

0.25

10 Month

$1,000.00

0.15

0.15

 *The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compunding for a 365-day period.
 

Individual Retirement Accounts

Roth IRAs Traditional IRAs
  • Your investment grows tax-free if you hold it for five or more years.
  • After this time, you can enjoy tax-free withdrawals for certain distributions.
  • Also, you do not have to take a distribution from your Roth IRA because there are no 70-1/2 age requirements with this IRA
  • May be fully or partially deductible, and all earning on your IRA contributions (deductible and/or non-deductible) remain tax deferred until you decide to make withdrawals from the account.
  • Spousal IRAs allow for contributions to be made on the behalf of non-wage earning spouses for those with minimal income.

 

IRA Rates

Term

Minimum

Deposit

Interest Rate

(%)

APY*

18 Month

$100.00

0.40

0.40

12 Month

$100.00

0.35

0.35

 *The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compunding for a 365-day period.

 

CDARS

Are you looking for full FDIC coverage on your large deposits?  Iowa State Bank has access to full FDIC insurance on up to $50 million via CDARS. To keep things simple, you’ll earn one rate per CD term on your investment. You will work with one bank, Iowa State Bank, eliminating the worry caused by multiple disbursement checks and rate negotiations, and, although you can have multiple CD terms, you’ll receive just one monthly statement to monitor.  Keep in mind that CDARS rates change weekly and are not guaranteed until the account is opened.  Early withdrawal penalties may apply.

CDARS Rates

Term

Minimum

Deposit

Interest Rate

(%)

APY*

Treasury

Rates**

4 Week

$100,000.00

0.10

0.100

0.04

13 Week

$100,000.00

0.12

0.120

0.02

26 Week

$100,000.00

0.25

0.250

0.06

52 Week

$100,000.00

0.39

0.390

0.11

104 Week

(2 Years)

$100,000.00

0.68

0.682

0.41

156 Week

(3 Years)

$100,000.00

1.08

1.085

0.80

260 Week

(5 Years)

$100,000.00

1.90

1.918

1.46

*The APYs assume amounts remain on deposit until maturity. Selection of other available payment options may result in different amounts earned and different APYs. APY is calculated on a minimum of $100,000.00. APYs are calculated using a 365 day accrual basis and daily compounding of interest. 
**Treasury rates are Constant Maturity Yields as reported by the US Treasury for the preceding Wednesday and are disclosed for comparative purposes only. Treasury rates do not effect how CDARS rates are calculated.