Iowa Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Iowa savings account rates range from 1.76% to 5.12% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Iowa include Fidelity Bank & Trust (IA)Fidelity Bank & Trust (IA)124 1st St Se, Waverly, IA 50677A5.0 ★Texas Ratio: 12.05%Real return: +2.32%APY minus 2.8% CPI (February 2026) Snap $tack Savings at 5.12% APY, First Federal Credit UnionFirst Federal Credit Union425 1st Ave SW, Cedar Rapids, IA 52405A5.0 ★Texas Ratio: 8.81%Real return: +2.20%APY minus 2.8% CPI (February 2026) Kids First Savings at 5.00% APY, Vibrant Credit UnionVibrant Credit Union3230 Ridge Pt, Bettendorf, IA 52722A-5.0 ★Texas Ratio: 14.44%Real return: +1.60%APY minus 2.8% CPI (February 2026) Digital Advantage Savings at 4.40% APY, Iowa State Bank Clarksville, IAIowa State Bank Clarksville, IA100 N Main St, Clarksville, IA 50619A-5.0 ★Texas Ratio: 15.58%Real return: +1.42%APY minus 2.8% CPI (February 2026) Coverdell Education Savings Account at 4.22% APY, and IH Mississippi Valley Credit UnionIH Mississippi Valley Credit Union1703 11th St, De Witt, IA 52742 1297A5.0 ★Texas Ratio: 6.34%Real return: +1.20%APY minus 2.8% CPI (February 2026) SavingsBooster at 4.00% APY.
Use the tables below to compare savings rates across Iowa side-by-side. Iowa savings rates currently reach as high as 5.12% APY from Fidelity Bank & Trust (IA) at 124 1st St Se, Waverly, IA 50677. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Iowa and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Iowa
Balance: $0 - $5,000.00*
Balance: $1 - $500; Daily Average Balance
Balance: $0 - $5,001; APY*: 4.40%
Balance: $1,000,000+; APY*: 4.25%
Variable Rate
- Oct 7, 20264.22%▲ from 4.06%
- Oct 3, 20264.06%▲ from 3.42%
- Sep 24, 20263.42%▼ from 3.46%
- Sep 14, 20263.46%first recorded
Fixed Rate
- Oct 3, 20264.06%▲ from 3.42%
- Sep 24, 20263.42%▼ from 3.46%
- Sep 14, 20263.46%first recorded
Balance: $5,002 - $14,999; APY*: 4.00%
Qualifications Required: Must meet average daily balance requirements ($5 increase over previous month's balance, excluding dividends) and eStatements at a valid email address to earn qualifying rate; Rates valid as of 01/01/2026. Rates are variable and are subject to change after the account is opened. If stated, the account requires a minimum balance to earn the listed APY. Fees may reduce earnings on the account. Other conditions may apply. Please refer to IHMVCU's terms of use and account opening policies for important information and disclosures. Must meet average daily balance requirements ($5 increase over previous month's balance, excluding dividends) and eStatements at a valid email address to earn qualifying rate.
Balance: up to $5,000; High-Interest Savings account; 4% interest on balances up to $5,000
Balance: $250,000 - $999,999; APY*: 3.75%
Balance: $1,000,000.00 or more
Balance: $500,000 +
- Oct 3, 20263.71%▲ from 3.45%
- Sep 14, 20263.45%first recorded
No fees; No balance requirements to maintain your account, no minimum deposit, and no monthly fees. Interest is compounded and credited monthly. The rate may change after the account is opened. Deposits are FDIC insured up to appliable limits. Other terms and conditions may apply. Call for details.
Balance: $5,000,000 and above
- Oct 7, 20263.69%▼ from 3.71%
- Oct 3, 20263.71%▲ from 3.66%
- Sep 24, 20263.66%▲ from 3.42%
- Sep 19, 20263.42%▼ from 3.45%
Balance: $25,000 and up
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Balance: $100,000 - $249,999; APY*: 3.50%
Balance: $500,000.00 - $999,999.99
Balance: $15,000 - $24,999
Balance: $100,000-$499,999.99
- Oct 3, 20263.30%▲ from 2.89%
- Sep 14, 20262.89%first recorded
Balance: $0 - $24,999
Balance: $100+
Balance: $5 - $1,000; Dividends and APY accurate as of the last dividend declaration date; $5 penalty per withdrawal (waived if funds transferred to IRA); not a retirement account
Balance: $5,000+; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying tran
- Oct 10, 20263.25%▲ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: $2,000,000 and $4,999,999.99
Balance: $0 - $999
Balance: $250,000.00 - $499,999.99
Fixed Rate; Maturity Date: 10/31/2026
- Oct 3, 20263.04%▲ from 2.75%
- Sep 14, 20262.75%first recorded
Balance: All Balances
IRA Savings *
Annual Percentage Yield (APY) as of 10-01-2025
Balance: $50,000.00+; Get Started Online
Balance: $1,000,000+; APY*: 3.00%
Balance: $1,000.00 & greater; Period: Monthly
- Sep 21, 20262.90%▲ from 2.65%
- Sep 14, 20262.65%first recorded
Balance: $50,000.00 and Over
Balance: $230,000 minimum balance
Maximum Deposit: No Maximum Deposit Value
Balance: $500,000.00 +
Balance: $500,000.00 +
- Oct 10, 20262.75%▲ from 2.17%
- Sep 30, 20262.17%first recorded
Balance: $0-$9,999
- Oct 7, 20262.75%▲ from 1.50%
- Sep 24, 20261.50%first recorded
Balance: $1,000,000-$1,999,999.99
Balance: $100,000.00 - $249,999.99
Balance: $25,000-$99,999.99
- Oct 3, 20262.53%▲ from 2.43%
- Sep 14, 20262.43%first recorded
Balance: $50,000.00 and Over
Balance: $25,000.00-$49,999.99; Get Started Online
Balance: $25,000.00 OR MORE
Balance: $10,000-$24,999
- Oct 7, 20262.50%▲ from 1.75%
- Sep 24, 20261.75%first recorded
Balance: $0.01-$1,000.00
- Oct 3, 20262.45%▲ from 2.29%
- Sep 11, 20262.29%first recorded
Balance: $1,000,000+
IRA Savings: $1000 Minimum
- Sep 18, 20262.43%▲ from 2.17%
- Sep 14, 20262.17%first recorded
Balance: $25,000 and above; 2026 Third Quarter Tiers and Rates; Dividend rate
Balance: $200,000+; Minimum of $2,500 to earn dividends
Balance: $100,000 +
Balance: $25,000-$49,999
- Oct 7, 20262.25%▲ from 2.00%
- Sep 19, 20262.00%first recorded
Balance: $0.01 - $1,000,000; Consumer members only; must be opened online; eStatements enrollment required to earn dividends; Online Only
Balance: $500,000 - $999,999.99
Balance: $500,000.00 +
On balances equal to or greater than $500,000.00
Balance: $100,000.00 - $499,999.99
Balance: $250,000 - $499,999.99
Balance: $100,000-$199,999.99; Minimum of $2,500 to earn dividends
Balance: $50,000.00 - $99,999.99
Dividends Paid: Monthly; As of 10/13/2026
Balance: $0.00 - $5,000.00
Balance: $100,000 and over; APY applies to entire account; Minimum Balance $1,000; Minimum withdrawal $250
- Oct 9, 20262.00%▲ from 1.75%
- Sep 18, 20261.75%first recorded
Balance: $250,000.00 and over
Balance: $100,000 - $249,999.99
Balance: $25,000.00 - $49,999.99
Balance: $5,000 - $24,999.99; 2026 Third Quarter Tiers and Rates; Dividend rate
Balance: $50,000-$99,999.99; Minimum of $2,500 to earn dividends
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Iowa Savings Rate Trends
Compare local Iowa savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Iowa high-yield savings rates rose 0.230 points over the past 7 days to 2.210% APY, up from 1.981%.
Iowa standard savings rates rose 0.040 points over the past 7 days to 0.485% APY, up from 0.445%.
Iowa Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current IA high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current IA high-yield savings average of 2.210% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Iowa.
Savings Account Earnings in Iowa
Annual interest earnings at current IA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.210% APY) | Monthly Earnings | Standard Savings (0.485% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $110.51 / year | $9.21 | $24.25 / year | $2.02 |
| $10,000 | $221.01 / year | $18.42 | $48.49 / year | $4.04 |
| $25,000 | $552.53 / year | $46.04 | $121.23 / year | $10.10 |
| $50,000 | $1,105.05 / year | $92.09 | $242.45 / year | $20.20 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Iowa savings rate averages as of October 13, 2026. | ||||
About Our Iowa Savings Rate Database
MonitorBankRates tracks 343 savings rates from 22 banks and 17 credit unions offering savings accounts to Iowa residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Fidelity Bank & Trust (IA) offers a savings account at 5.12% APY with a minimum deposit of $50. Use the rate table above to compare all current offers in Iowa.
How to Find the Best Savings Rates in Iowa
What to compare when shopping for a savings account in Iowa
To find the best savings APYs in Iowa, start with credit unions and online-only banks: Iowa has 17 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current IA high-yield savings average is 2.210% but top local institutions are offering as high as 5.12%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Iowa high-yield savings rates currently average 2.210% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Iowa institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 39 institutions in Iowa report savings rates to our database.
- You’re among Iowa’s 18.1% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Iowa CD rates
- You want check-writing flexibility Iowa money market rates
- You need daily transaction access Iowa checking rates
Iowa Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.1% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 3.6% reflects a strong local economy with solid savings capacity. At today’s IA high-yield savings average of 2.210%, saving 10% of the local median salary ($4,418/year) would earn an additional $98 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Iowa Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Iowa.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IA Avg APY | 2.210% | 0.485% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Iowa averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Iowa
At IA’s top rate of 5.12% from Fidelity Bank & Trust (IA), a $10,000 deposit earns $512 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Iowa earner is roughly $11,000. At 2.210% APY, saving $920/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsIowa’s high-yield savings average is 2.210% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Iowa earner makes $44,180/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.210% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.210% APY grows to roughly $38,709 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Iowa savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Iowa directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Iowa. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in IA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Iowa
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Iowa safe?
How often do savings rates change in Iowa?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Iowa?
How do I open a savings account in Iowa?
Best Savings Rates in Iowa
- Fidelity Bank & Trust (IA)
Snap $tack Savings: 5.12% APY - First Federal Credit Union
Kids First Savings: 5.00% APY - Vibrant Credit Union
Digital Advantage Savings: 4.40% APY - Iowa State Bank Clarksville, IA
Coverdell Education Savings Account: 4.22% APY - IH Mississippi Valley Credit Union
SavingsBooster: 4.00% APY
Cities in Iowa
