MonitorBankRates
iAdvertiser Disclosure
Advertiser Disclosure Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
Iowa Savings Rate Trends

Waterloo, Iowa (IA) Savings Rates - March 2026

The best savings rates for Waterloo, Iowa and the surrounding area include Cedar Rapids Bank and Trust CompanyCedar Rapids Bank and Trust Company422 Commercial St, Waterloo, IA 50701A+5.0 ★Texas Ratio: 3.72% A savings account designed for children 18 years of age and under at 4.00% APY, MidWestOne BankMidWestOne Bank3110 Kimball Ave, Waterloo, IA 50702A+5.0 ★Texas Ratio: 4.78% Business High Yield Savings at 3.60% APY, Dupaco Community Credit UnionDupaco Community Credit Union218 W Mullan Ave, Waterloo, IA 50701A+5.0 ★Texas Ratio: 4.16% Launchpad Savings Account at 3.25% APY, Farmers State Bank Waterloo, IAFarmers State Bank Waterloo, IA131 Tower Park Dr, Waterloo, IA 50701A+5.0 ★Texas Ratio: 4.41% Smart Start Savings Account 6 at 0.50% APY, and Heartland Bank and Trust CompanyHeartland Bank and Trust Company4020 Bankers Blvd, Waterloo, IA 50701A+5.0 ★Texas Ratio: 1.53% Simply Savings at 0.50% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.

To see how these savings rates in Waterloo, Iowa, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Waterloo, Iowa (IA) are continually updated — we recommend checking back frequently.

Savings rates reflect recent market quotes and representative offers available to depositors in Waterloo, Iowa and the surrounding area. Last Updated and Verified: March 25, 2026

Compare the Best Savings Rates in Waterloo, Iowa & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Cedar Rapids Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 3.72%
422 Commercial St, Waterloo, IA 50701
A savings account designed for children 18 years of age and under
4.00%
$1
Rate0.00%
Min Deposit$1
Min Balance
UpdatedMar 25, 2026
Details

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High Yield Savings
3.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High-Yield Savings
3.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Contact your local banker for more details!

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High Yield Savings
3.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High-Yield Savings
3.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Contact your local banker for more details!

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High Yield Savings
3.35%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High Yield Savings
3.35%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Launchpad Savings Account
3.25%
$0
Rate3.21%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Max Balance $1,000

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High Yield Savings
3.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High Yield Savings
3.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High Yield Savings
2.85%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High Yield Savings
2.85%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High Yield Savings
2.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High Yield Savings
2.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
High-Yield Savings
2.45%
$50,000
Rate2.42%
Min Deposit$50,000
Min Balance
UpdatedMar 25, 2026
Details

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
Business High Yield Savings
2.35%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
3110 Kimball Ave, Waterloo, IA 50702
High Yield Savings
2.35%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
High-Yield Savings
2.25%
$50,000
Rate2.23%
Min Deposit$50,000
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Bright Savings Online-Only Savings Account
2.25%
$0
Rate2.23%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Qualifications Required: eStatements enrollment; Online Only

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
High-Yield Savings
2.05%
$50,000
Rate2.03%
Min Deposit$50,000
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
High-Yield Savings
1.85%
$50,000
Rate1.83%
Min Deposit$50,000
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
High-Yield Savings
1.50%
$50,000
Rate1.49%
Min Deposit$50,000
Min Balance
UpdatedMar 25, 2026
Details

Cedar Rapids Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 3.72%
422 Commercial St, Waterloo, IA 50701
Health Savings Account
0.51%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Farmers State Bank Waterloo, IA
Institution Rating:
A+5.0 ★Texas Ratio: 4.41%
131 Tower Park Dr, Waterloo, IA 50701
Smart Start Savings Account 6
0.50%
$100
Rate0.50%
Min Deposit$100
Min Balance
UpdatedMar 20, 2026
Details

Cedar Rapids Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 3.72%
422 Commercial St, Waterloo, IA 50701
First-Time Home Buyer Savings Account
0.50%
$100
Rate0.00%
Min Deposit$100
Min Balance
UpdatedMar 25, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 1.53%
4020 Bankers Blvd, Waterloo, IA 50701
Simply Savings
0.50%
$50
Rate0.50%
Min Deposit$50
Min Balance
UpdatedMar 20, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Health Savings Accounts
0.35%
$25
Rate0.35%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 1.53%
4020 Bankers Blvd, Waterloo, IA 50701
Simply Savings
0.35%
$50
Rate0.35%
Min Deposit$50
Min Balance
UpdatedMar 20, 2026
Details

Cedar Rapids Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 3.72%
422 Commercial St, Waterloo, IA 50701
Health Savings Account
0.31%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Health Savings Accounts
0.30%
$25
Rate0.30%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Lincoln Savings Bank
Institution Rating:
A-5.0 ★Texas Ratio: 15.31%
242 Tower Park Dr, Waterloo, IA 50701
Savings (Interest Compounded Quarterly)
0.25%
$0
Rate0.25%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Health Savings Accounts
0.25%
$25
Rate0.25%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Cedar Rapids Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 3.72%
422 Commercial St, Waterloo, IA 50701
Health Savings Account
0.21%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
You Name It Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Share Savings
0.20%
$25
Rate0.20%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Holiday Club Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Health Savings Accounts
0.20%
$25
Rate0.20%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 1.53%
4020 Bankers Blvd, Waterloo, IA 50701
Simply Savings
0.15%
$50
Rate0.15%
Min Deposit$50
Min Balance
UpdatedMar 20, 2026
Details

Farmers State Bank Waterloo, IA
Institution Rating:
A+5.0 ★Texas Ratio: 4.41%
131 Tower Park Dr, Waterloo, IA 50701
Smart Start Savings Account 6
0.15%
$10,000
Rate0.15%
Min Deposit$10,000
Min Balance
UpdatedMar 20, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Share Savings
0.15%
$25
Rate0.15%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
You Name It Savings
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Share Savings
0.10%
$25
Rate0.10%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
You Name It Savings
0.10%
$0
Rate0.10%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 1.53%
4020 Bankers Blvd, Waterloo, IA 50701
Health Savings Account (HSA) Checking
0.07%
$50
Rate0.07%
Min Deposit$50
Min Balance
UpdatedMar 20, 2026
Details

Cedar Rapids Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 3.72%
422 Commercial St, Waterloo, IA 50701
A savings account designed for building funds for a specific future use
0.05%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★Texas Ratio: 1.53%
4020 Bankers Blvd, Waterloo, IA 50701
Health Savings Account (HSA) Checking
0.05%
$50
Rate0.05%
Min Deposit$50
Min Balance
UpdatedMar 20, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
3065 Kimball Ave, Waterloo, IA 50702
Retirement High Yield Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
3065 Kimball Ave, Waterloo, IA 50702
Platinum Savings
0.05%
$25
Rate0.05%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
Share Savings
0.00%
$25
Rate0.00%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Dupaco Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.16%
218 W Mullan Ave, Waterloo, IA 50701
You Name It Savings
0.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

First Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 12.07%
425 1st Ave SW, Cedar Rapids, IA 52405
Kids First Savings
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 18, 2026
Details

Qualifying balance up to $500.00

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Digital Advantage Savings
4.40%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Elite Savings
4.25%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Premier Savings
4.25%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Preferred Savings
4.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

IH Mississippi Valley Credit Union
Institution Rating:
B4.6 ★Texas Ratio: 20.04%
1703 11th St, De Witt, IA 52742 1297
SavingsBooster
4.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Affinity Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.17%
475 NW Hoffman Ln, Des Moines, IA 50313 2261
Building Better Savings
4.00%
$0
Rate4.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Qualifying balance up to $5,000.00

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Elite Savings
3.75%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Premier Savings
3.75%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Vibrant Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.61%
3230 Ridge Pt, Bettendorf, IA 52722
Elite Savings
3.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.

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.

Waterloo, IA Savings Rate Trends

Compare local Waterloo, IA savings rate quotes against the statewide average

Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.

View Full Iowa Savings Trends →
High-Yield Savings — IA Avg
1.936%
▲ 0.599 from last week

Iowa high-yield savings rates rose 0.599 points this week to 1.936% APY, up from 1.337% last week.

Standard Savings — IA Avg
0.603%
▲ 0.233 from last week

Iowa standard savings rates rose 0.233 points this week to 0.603% APY, up from 0.371% last week.

As of Mar 26, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Waterloo, 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 Waterloo, 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 Waterloo, Iowa

What is a High-Yield Savings Account (HYSA)?

A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Iowa, help your money grow faster through a higher APY.

Are savings accounts in Waterloo, Iowa safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Iowa up to $250,000 per depositor, per institution.

How often do savings rates change in Waterloo, Iowa?

Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Iowa rate tables daily to ensure you see the most current high-yield options.

Do I need a minimum deposit to open a savings account?

It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Waterloo, Iowa may require $25–$100 to open an account.

What is the difference between a Savings Account and a Money Market Account?

Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.

Are online banks better than local banks in Waterloo, Iowa?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Waterloo, Iowa offer in-person customer service, which some customers prefer.

How do I open a savings account in Waterloo, Iowa?

You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.

Best Savings Rates in Waterloo, Iowa

Here are recent savings rates observed in Waterloo, Iowa and the surrounding area:
  • Cedar Rapids Bank and Trust Company
    A savings account designed for children 18 years of age and under — 4.00% APY
  • MidWestOne Bank
    Business High Yield Savings — 3.60% APY
  • Dupaco Community Credit Union
    Launchpad Savings Account — 3.25% APY
  • Farmers State Bank Waterloo, IA
    Smart Start Savings Account 6 — 0.50% APY
  • Heartland Bank and Trust Company
    Simply Savings — 0.50% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Waterloo, Iowa. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 25, 2026