UICCU CD RATES
UICCU stands for the University of Iowa Community Credit Union. In 2018 the state of Iowa changed the law to make it so that public university names could not be included in the names of credit unions and so they changed the credit union name to GreenState Credit Union.
UICCU and GreenState Credit Union are the same financial institution.
It is offering credible and highly authentic CD interest for the investors that attracts them to its functional efficiency, here is the detailed explanation for UICCU CD Rates given next.
UICCU CD Rates Offers
The most precise and favorable UICCU CD Rates are;
3-6 Month Certificate of Deposit
- Minimum Deposit: $1000
- APY: 0.20%
- Early Withdrawal Penalty: 90-day dividend
Considerations:
- This CD is suitable for individuals looking for a short-term investment.
- Requires a minimum deposit of $1000.
Pros & Cons
| Pros | Cons |
| Short-term commitment | Low APY and dividend rate |
7-12 Month Certificate of Deposit
- Minimum Deposit: $1000
- APY: 0.30%
- Early Withdrawal Penalty: 90-day dividend
Considerations:
- Provides a slightly longer term than the 90-day CD.
- The minimum deposit remains at $1000.
Pros & Cons
| Pros | Cons |
| Slightly higher APY | Moderate minimum deposit of $1000 |
13-24 Month Certificate of Deposit
- Minimum Deposit: $500
- APY: 0.40%
- Early Withdrawal Penalty: 180-day dividend
Considerations:
- Early withdrawal incurs a 180-day dividend penalty, indicating a more substantial commitment.
Pros & Cons
| Pros | Cons |
| Lower minimum deposit | Moderate APY and dividend rate |
| Competitive APY | Early withdrawal penalty of 180 days |
46-60 Month Certificate of Deposit
· Minimum Deposit (2-Year): $500
- Minimum Deposit: $500
- APY: 0.75%
Considerations:
- Highest rate available for standard CD terms
Pros & Cons
| Pros | Cons |
| Higher APY | APY is still low compared to competitors |
| Longer-term investment period | Less flexibility |
Are UICCU CD Rates Competitive?
The competitiveness of UICCU CD rates is notably diverse, catering to a range of investors with different time horizons and deposit sizes.
The 3-6 month CD offers a shorter-term option, with competitive features such as quick access to funds and slightly higher APYs. However, the minimum deposit of $1000 might be a consideration for some.
The 7-12 month CD, with a lower minimum deposit of $500, strikes a balance between term length and accessibility, though its APY and dividend rates are moderate.
ICCU’s CD rates demonstrate competitiveness in the market by providing a variety of terms and accommodating different investor preferences and financial capacities.
Overview UICCU
The credit union was started in 1938 to serve the Iowa Hospital employees. It expanded in 1966 to include serving the students and alumni of the University of Iowa as well as hospital employees. In 1988 they changed the name to include “community” as they expanded their services to all residents of the local communities and were not limited to University students or hospital staff.
Open an account with UICCU to be eligible for a CD purchase. You can open an account online in minutes, or visit one of their branches in person. Rates and eligibility for CDs are only available to bank members who live in the member service areas in Iowa.
GreenState Credit Union has stayed true to its roots of serving the Iowa community.
They have a foundation called GreenState Giveback which provides financial support for community challenges. In 2020 GreenState Credit Union gave over $1.2 million in assistance to credit union members and their communities who were affected by the COVID-19 pandemic and the derecho storm.
This included issuing personal emergency loans, business loans, and fee forgiveness for those affected. They also donated over $250,000 in direct financial contributions to local charities.
Availability
Open an account with UICCU to be eligible for a CD purchase. You can open an account online in minutes, or visit one of their branches in person. Rates and eligibility for CDs are only available to bank members who live in the member service areas in Iowa.
Locations UICCU
Branches in Iowa
The branches in Iowa are:
Iowa City, Cedar Rapids, Des Moines, Quad Cities, Cedar Valley, Fort Dodge, Dubuque, Grinnell
Frequently Asked Questions
The minimum deposit for UICCU is $500 for all standard terms.
Early withdrawal penalties for UICCU CDs are structured in terms of dividends.
Yes, UICCU offers short-term CD options, such as the 3-6 month term, making it suitable for individuals looking for quick access to funds and a brief investment horizon.