Person browsing top CD rates at Farmers State Bank in Marion, Iowa

Best CD Rates in Iowa

Start Saving with Competitive CD Rates in Iowa

Looking for the best CD rates in Iowa? FSB offers secure CDs with competitive rates, no fees,1 and flexible terms for Iowa savers, designed to help you reach your financial goals.

Open Your CD Online

 

Best CD Rates & Terms from a Bank in Iowa

Boost your savings with competitive CD options from FSB, a locally owned Iowa bank serving customers in Cedar Rapids and the surrounding communities.

3.70%2 APY

Choose Your Term CD Special: 9 to 30 Months

A competitive rate for Iowa savers

Get Started With a CD →

Looking for more options? See all rates.

Benefits of Opening a CD in Iowa

A CD offers stable growth and simple terms for anyone looking to save in Iowa.

Competitive Rates Icon

Competitive Rates

Earn competitive rates that help your savings grow.

No Monthly Fees Icon

No Monthly Fees

Grow your balance with no monthly fees.1

FDIC Insured Icon

FDIC Insured

Funds insured3 up to $250,000 per depositor.

Open a CD in Iowa in Three Simple Steps

Getting started with your CD online only takes a few minutes with FSB.

1

Complete the online form to start your CD.

2

An FSB banker contacts you to confirm details.

3

Make your deposit and lock in your CD rate.

Open Your CD Online

Beyond CDs: More Ways to Grow Your Money

Explore FSB's various high-yield investment options to help secure your financial future.





Icon for FSB's Traditional IRA in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Traditional IRA

Start saving for retirement at any age & benefit from reduced taxes.4

Key Benefits:

  • Contribute W-2 earned income at any age

  • Potential tax deductions on contributions4

  • Annual contribution limit: $7,000
    • Extra $1,000 for those aged 50 and older

Icon for FSB's Roth IRA in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Roth IRA

Save for retirement with tax-free withdrawals without deductions.4

Key Benefits:

  • Contribute W-2 earned income at any age

  • No mandatory withdrawals at age 73

  • Annual contribution limit: $7,000
    • Extra $1,000 for those aged 50 and older

Icon for FSB's Simple IRA in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Simple IRA

A cost-effective retirement plan for businesses to offer employees.

Key Benefits:

  • Ideal for businesses with 100 or fewer employees

  • Employers can match employee contributions

  • Employers can make contributions on their employee's behalf

  • Lower costs and less paperwork than a traditional 401(k)


Icon for FSB's SEP IRA in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

SEP IRA

An easy retirement plan for the self-employed & small business owners.

Key Benefits:

  • Simple and easy to set up

  • Tax-deferred growth until funds are withdrawn4

  • Flexible contributions—employers aren’t required to contribute every year


Icon for FSB's HSA in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Health Savings Account (HSA)

A tax-advantaged way to save for medical expenses & earn interest.

Key Benefits:

  • Make tax-deductible contributions4

  • Tax-free withdrawals for qualified medical expenses4

  • Funds roll over year after year

  • Keep your HSA if you change jobs or retire


























Opening a CD was fast & easy, and the staff was incredibly helpful.
- Dianna G., Cedar Rapids Location

Looking for the Best CD Rates in Iowa?

Whether you're looking to grow your savings or plan for your financial future, FSB has the right solution for you. Just fill out the form linked below, and a local banker will contact you to complete the process.

Start Earning Guaranteed Growth

Additional FAQ For Certificate of Deposits in Iowa

What is a certificate of deposit?

A certificate of deposit is a savings product that holds your money for a set term and pays a fixed interest rate. Your rate stays the same for the entire term, and you receive your full balance plus any earned interest when the CD matures. CDs are insured by the FDIC up to legal limits when opened at a federally insured bank. 

Learn More About CDs ->

What happens to a CD if the market crashes?

A CD is not tied to the stock market. Your principal and your fixed interest rate stay the same even during a market drop. As long as your CD is held at an FDIC-insured bank and within coverage limits, it remains protected and continues to earn interest until maturity.

Is putting money in a CD a good idea?

A CD can be a good choice if you want predictable earnings and do not need immediate access to your funds. CDs offer fixed rates, insured protection within legal limits, and guaranteed interest through the full term. They work well for short or medium-term savings goals where stability matters more than flexibility.

Who has the highest CD rates in Iowa?

CD rates change often and vary by term and financial institution. Many Iowa banks and credit unions publish their current rates on their websites. Local banks with consistently strong CD options, such as FSB, make it easier to compare term lengths and choose a rate that fits your savings plan.

Couple looking at FSB's financial resources on a computer
No Fees. Guaranteed Growth.

Lock in a competitive rate with an FSB Certificate of Deposit—$1,000 minimum deposit, flexible terms, and no fees.1

Open Your CD Today