Certificate of Deposit (CD) 
If you’re looking to earn a higher interest and don’t need immediate access to your funds, consider opening a CD. Since CDs are FDIC-insured, you’ll enjoy the security of a savings account with the higher interest associated with an investment. 
With a CD, your savings are invested at a set rate for a specified period of time. You’ll typically receive a higher interest rate on CDs with longer terms and higher balances. Early withdrawal penalties may reduce earnings. 
  • Choose from maturity term options ranging from 3 to 60 months
  • Receive a fixed interest rate on your daily balance until maturity
  • Open with as little as $500
  • Pay no service fees
  • Eliminate the uncertainty of investing
  • Enjoy the security of FDIC insurance
    View rates. Calculate your potential earnings. 
    Certificate of Deposit Account Registry Service® (CDARS®) 
    CDARS provides one-stop shopping for your multi-million dollar CD investments. Access FDIC insurance protection on deposits up to $50 million, all through one monthly statement and one account relationship with Bank Iowa. 
    When you place a large amount with us, we place your funds into CDs issued by other banks in the CDARS network – in increments of less than the standard FDIC insurance maximum – so both principal and interest are eligible for complete FDIC protection. As a result, you receive coverage from multiple banks while working with just Bank Iowa. 
  • Enjoy full FDIC insurance on deposits up to $50 million
  • Manage all CD investments through a single relationship
  • Receive a single monthly statement with detailed listing
  • Choose from flexible maturity periods
  • Have interest paid directly to you or an account you designate
    CDARS is a registered service mark of Promontory Interfinancial Network, LLC. 
    Individual Retirement Account (IRA) 
    IRAs offer special advantages for the savings you've earmarked for your retirement. With FDIC insurance up to $250,000 and free and flexible distribution options, IRAs are a great way to fund your personal retirement savings plan. Whether you want a Traditional or Roth IRA, Bank Iowa will help you plan successfully while maximizing your tax-free savings. 
    Traditional IRA 
  • Contributions are tax-deferred until withdrawal
  • May be eligible to deduct contributions on current tax returns
  • Penalty-free early withdrawal for certain expenses (buying a first home, college, uninsured medical coverage, etc.)
    Roth IRA  
  • Unlike Traditional IRAs, incurs the tax now
  • “Qualified distributions” will be tax free
  • Income is taxed now, when you are working, instead of when on fixed income
  • Penalty-free early withdrawal for certain expenses (buying a first home, college, uninsured medical coverage, etc.)
    View rates. 
    Health Savings Account (HSA) 
    HSAs provide a convenient, tax-advantaged way to make healthcare more affordable for those with a high deductible health plan. Tax-exempt contributions can be used to pay for qualified health care expenses for you and your family at any time without tax liability. 
  • Make tax-deductible contributions – up to $3,100 for individual coverage or $6,250 for family coverage
  • Save money for future medical costs while earning tax-free interest
  • Pay expenses just as you would from any checking account
  • Carry-over your balance automatically from year to year
  • Keep your HSA with you even if you change jobs, change medical coverage, become unemployed, move out of state or change your marital status
  • Also use to supplement income at retirement age of 65 or older or in case of disability
  • Must be under age 65 and have coverage under an HSA-qualified, high-deductible health plan
  • Cannot be covered under another type of health plan or be enrolled in Medicare
  • Must not be claimed as a dependent on another person's tax return
  • Maximum out-of-pocket expenses for individuals is $6,050 and $12,100 for families
    Learn more. 

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