Linn Area Credit Union’s CD rates are crucial considerations for individuals seeking reliable and competitive investment options. The importance lies in the potential for account holders to earn favorable returns on their deposits over specified terms.

The credibility of Linn Area Credit Union further enhances the appeal of these rates, as credit unions are typically known for their commitment to member satisfaction, community focus, and competitive financial products. Let’s have a deeper analysis below;

Linn Area Credit Union CD Rates Offers

The considerable offers by Linn Area Credit Union are as follows;

3-Month CD

  • APY: 0.20%
  • Minimum Deposit: $1,000


Short-term option with a modest interest rate, suitable for those seeking quick access to funds after a brief investment period.

Pros & Cons

Quick access to fundsLow APY (0.20%)

6-Month CD

  • APY: 0.20%
  • Minimum Deposit: $1,000


Another short-term option with a comparable interest rate is suitable for individuals looking for a slightly longer investment horizon than the 3-month CD.

Pros & Cons

Low minimum depositShort investment period

9-Month CD

  • APY: 5.00%
  • Minimum Deposit: $1,000


Higher interest rates compared to shorter terms, make it an attractive option for those willing to commit to a slightly longer investment period.

Pros & Cons

High APY (5.00%)Longer commitment period

11-Month CD

  • APY: 4.75%
  • Minimum Deposit: $1,000


A mid-term option with a competitive interest rate, balancing a favorable return with a relatively shorter commitment period.

Pros & Cons

Moderate minimum depositLonger commitment period

12-Month One-Jump CD

  • APY: 4.00%
  • Minimum Deposit: $1,000


Allows for a one-time interest rate adjustment during the term, providing flexibility for potential rate increases in the market.

Pros & Cons

ProsFixed-rate for the majority of the term
One-time rate adjustmentModerate APY (4.00%)
Moderate minimum depositFixed rate for the majority of the term

15 & 17-Month CD

  • APY: 0.60%
  • Minimum Deposit: $1,000


A longer-term option with a lower interest rate is suitable for those seeking a more stable and predictable return over a somewhat extended period.

Pros & Cons

Longer investment periodLow APY (0.60%)
Moderate minimum deposit

Are Linn Area Credit Union CD Rates Competitive?

 Linn Area Credit Union offers a mix of competitive and less competitive CD rates across various terms.

  • The 9-month and 11-month CDs stand out with impressive annual percentage yields of 5.00% and 4.75%, respectively, providing account holders with attractive returns over a relatively short investment period.
  • On the other hand, the 3-month and 6-month CDs offer lower APYs at 0.20%, which may be less appealing for those seeking higher yields.
  • The 12-month One-Jump and 13-month CDs, both with a 4.00% APY, provide a moderate balance.
  • The 15-month and 17-month CDs, offering a 0.60% APY, are suitable for individuals looking for longer-term stability but with lower returns.

Therefore, Linn Area Credit Union’s CD rates exhibit a competitive edge for certain terms while catering to a range of investment preferences and timelines.

Overview Linn Area Credit Union 

Linn Area Credit Union is a small not-for-profit credit union that serves the Cedar Rapids and Marion area communities of Iowa. They are a member-owned banking institution and they are family-based. 

They see their members as members of their Linn Area family, and the bankers live and work in the area that they serve. It is common to see your bank teller, investment officer, or bank chairman at the grocery store, local events, or schools.

Callahan & Associates awarded Linn Area Credit Union with their #1 nation ranking for credit unions. The award reflects Linn Area Credit Union’s consistent value that it provides to its members. 

They have helped their community grow by providing accessible banking services at competitive rates. Because they are a not-for-profit credit union, they are driven by their mission to take care of their members rather than make money for themselves. 

Historically, Linn Area Credit Union was known as the Cedar Rapids Teachers’ Credit Union. The credit union was founded in 1935. Calahann and Associates ranked Linn Area Credit Union as #1 nationwide out of 4,000 credit unions.

This credit union started as a teachers’ credit union and they have carried their value for education with them to the present day. They have resources available for educators in their community. 

Giving back to their community is a clear priority to them because they helped hundreds of local nonprofits with financial contributions and volunteer work. They focus their charitable donations on programs that benefit families, children, small businesses, and education. Linn Area Credit Union founded and manages the Teacher Store. 

The Teacher Store provides classrooms with free supplies. A lot of teachers pay for materials out of their own pockets, and so the credit union stepped up to help out.


To purchase a CD from Linn Area Credit Union you need to head down to a branch in person. You can also give them a call to find out more information.

Locations Linn Area Credit Union 

Branches in Iowa

The branches in Iowa are:

Cedar Rapids, Marion

Frequently Asked Questions

What if I need to withdraw my funds from a Linn Area Credit Union 9-Month CD before maturity?

In the event of an early withdrawal, Linn Area Credit Union may impose penalties, typically in the form of forfeiting a portion of the interest earned.

Is there an option to renew or roll over my Linn Area Credit Union 12-Month One-Jump CD?

Yes, Linn Area Credit Union provides account holders the option to renew or roll over their 12-Month One-Jump CD at the prevailing interest rates. This allows members to capitalize on potentially higher rates or maintain the current term structure based on their financial goals.

Can I add additional funds to my existing Linn Area Credit Union CD during the term?

Generally, Linn Area Credit Union CDs are set up as fixed-term accounts, and additional funds cannot be added once the CD is established. However, members can explore other savings or investment options offered by the credit union to contribute additional funds separately.

How often does Linn Area Credit Union update the interest rates on their CDs?

Linn Area Credit Union reviews and adjusts its CD interest rates periodically based on market conditions.