Best Banks in Iowa for 2025
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Iowa offers a mix of local community banks, credit unions and national institutions, giving residents plenty of options for managing their money. Whether you want the personalized service of a smaller bank or the convenience and broad product lineup of a national one, there’s a financial institution to fit your needs. This guide highlights the best banks in Iowa for 2025, including checking, savings and certificates of deposit (CDs) to help you find the right fit.
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TOP IOWA BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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Detailed Reviews of the Best Banks in Iowa
Here are GOBankingRates’ top picks for the best banks in Iowa for 2025.
Gold Winner: U.S. Bank
U.S. Bank is a national institution with more than 90 branches across Iowa. Known for its generous welcome bonuses and wide range of financial products, U.S. Bank combines local accessibility with the convenience of a nationwide network.
Best For
Investment Management
Personal Loans
Corporate and Commercial Banking
Home Loans
National Banks
$25 Minimum Deposit for Checking Accounts
U.S. Bank provides services for everyday banking and specialty services like loans, investments and commercial banking. The U.S. Bank app is user friendly and there are approximately 2,200 ATMs across 26 states.
Total Branch Locations
Over 2,200
Mobile App Rating
4.8 on the Apple App Store and 4.7 on Google Play
Other Products Offered
Everyday banking, investment management, corporate and commercial banking, home, vehicle and personal loans
Pros
- Diverse product offerings
- Extensive branch and ATM network
- 24/7 customer service
Cons
- Low interest rates on savings accounts
- Monthly maintenance fees
- High overdraft fees
Why We Like U.S. Bank
U.S. Bank offers a wide range of banking products, including checking, savings, loans and investment services, making it a one-stop solution for financial needs. It has an extensive branch and ATM network and a user-friendly app.
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Silver Winner: Fidelity Bank & Trust
Fidelity Bank & Trust is known as the hometown bank for Iowa residents, offering high-yield savings accounts, no-fee checking, CDs, personal loans and more. For more than a century, the bank has been serving residents of Iowa, Illinois and Wisconsin, with 30 branches across the states. Fidelity’s wide range of CDs stands out as a premium offering, with APYs as high as .
Best For
Digital Banking
Low Monthly Fees
Loan Options
Investment Services
Competitive CD Rates
Flexible Terms, High Rates
Fidelity Bank & Trust offers CDs with terms ranging from 91 days up to 60 months, plus a special College Fund CD that requires just $25 to open.
Total Branch Locations
30
Mobile App Rating
4.9 on the Apple App Store and 4.6 on Google Play
Other Products Offered
Checking, savings, investments, personal loans
Pros
- No-fee checking options
- High-yield CDs
- Interest-earning checking
- Highly rated mobile app
Cons
- Only 30 branches across three states
- Low savings interest rates
Why We Like Fidelity Bank & Trust
Fidelity Bank & Trust offers many of the perks and benefits you’d expect from larger banks, but with a commitment to service within its local communities. Hometown HYPE checking perks include roadside assistance, cell phone protection and discounts at local and national businesses. Fidelity’s CDs stand out for promotional rates as high as , with minimum opening balances of $500.
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Bronze Winner: First Interstate Bank
Founded in Wyoming, First Interstate Bank serves 14 states across the Midwest, including Iowa. It earns a spot on GOBankingRates’ best Iowa banks list because it offers some of the best savings options in Iowa, including money market and savings accounts with APY, as well as a health savings account (HSA).
Best For
Mobile App
Low Monthly Fees
Investment Services
Loan Options
ATM Availability
Easily Waived Fees
First Interstate Bank will waive the $5 monthly service charge for your regular savings account if you maintain a $200 minimum daily balance. Basic Checking account fees are also easily waived with one direct deposit or a $250 minimum daily balance each statement period.
Total Branch Locations
300
Mobile App Rating
4.7 on the Apple App Store and 4.5 on Google Play
Other Products Offered
Checking, savings, IRA investments, CDs
Pros
- Low monthly fees
- Multiple savings and investment choices
- Access to over 40,000 MoneyPass ATMs
Cons
- $100 minimum opening deposit for some accounts
- $1,000 minimum for CD accounts
- Excess withdrawal fees may apply to savings and money market accounts
Why We Like First Interstate Bank
With 300 branches across the Midwest, First Interstate Bank blends the footprint of a larger bank with a commitment to community service. A wide array of deposit accounts means customers in Iowa can find what they need — and that includes a nearby ATM, with free access to the MoneyPass network of over 40,000 machines.
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Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 3, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Iowa
When choosing the best bank in Iowa, many people look for the right mix of community-focused service and convenient access to ATMs. Some prefer the reach of brick-and-mortar branches across the state, while others prioritize the ease of online banking.
Competitive interest rates, low-fee checking options, and valuable perks are also important factors when comparing banks and credit unions in Iowa.
Final Take
Before you choose your bank in Iowa, evaluate your needs and what’s most important to you. Compare fees, interest rates and available products. With community banks and national options, you don’t have to compromise on customer service or features. Consider GOBankingRates’ picks for the best banks in Iowa and start your application right away.
FAQs About Banking in Iowa
Here's more information to help you find the best Iowa bank for your needs.- What is the best bank for high-yield savings in Iowa?
- GOBankingRates voted First Interstate Bank as the best bank for high-yield savings in Iowa. You can get APYs up to 0.25% on the bank’s savings accounts.
- Which banks have the most ATMs in Iowa?
- Centris Federal Credit Union, with 14 branches across Iowa and Nebraska, uses the nation’s largest ATM network, AllPoint, with over 55,000 ATMs nationwide.
- Are there any banks in Iowa with no monthly fees?
- Fidelity Bank & Trust in Iowa offers three checking accounts with no monthly fees: Hometown Checking, Hometown HYPE and HYPE Extreme.
More Resources for Banking
Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Dawn Allcot contributed to the reporting for this article.
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