Available nationwide, Luana Savings Bank now has an offer of up to 3.35% APY Rate for their Money Market Account. This is great for those who like to handle all of their business online and want to skip the hassle and lines that come with in-branch banking.
Read below for more information on their attractive rates and accounts.
Luana Savings Bank Money Market Review
Luana Savings Bank was founded in the rich, rolling farmland of Northeastern Iowa where they’ve focused on helping their community for over a century. Luana Savings Bank is the largest agricultural lender in Northeast Iowa and is also among the largest in the State. They are a highly motivated group of people focusing primarily on Agriculture, 1-4 Family, Multi-Family Housing, and Commercial Lending.
Luana Savings Bank has physical locations in:
- Luana, Iowa (Main Branch)
- Ossian, Iowa
- New Hampton, Iowa
- Polk City, Iowa
- Clive, Iowa
- Norwalk, Iowa
I’ll review Luana Savings Bank Online Savings below.
Luana Savings Bank Money Market Review Rate
To earn the competitive APY Rate, just open a new account and meet all of their requirements. It’ll only take a few minutes to open an account online.
- What you’ll get: Up to 3.35% APY
- Eligible account: Money Market
- Credit inquiry: Unknown
- Where it’s available: Nationwide (Locator)
- Opening Deposit: $2,500
- Monthly fee:
- Money Market: $2,500 Minimum Daily Balance (to avoid $10/mo fee)
- Early Termination Fee: None
(FDIC insured)
How to Earn Rate
- Fill out the form to open an money market account
- Make a minimum initial deposit of $2,500
- Earn an APY based on your balance.
| Balance Requirement | APY Rate |
| $0 – $49,999.99 | 2.73% APY |
| $50,000 – $99,999.99 | 2.89% APY |
| $100,000 – $249,999.99 | 3.04% APY |
| $250,000 – $749,999.99 | 3.20% APY |
| $750,000 and above | 3.35% APY |
Account Features
- Up to 6 withdrawals, transfers, or checks per statement cycle
- Variable Interest Rate (traditionally has paid higher rate of return than NOW account)
- Interest Calculated on Daily Balance
- Interest Paid and Compounded Monthly
Are My Deposits Safe?
Yes, your funds at Luana Savings Bank are FDIC insured.
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Conclusion
Overall, when you open a new money market account with Luana Savings Bank, you’ll earn their amazing APY Rate. Additionally, there are many perks that come with opening an account today. However, if you don’t find this offer attractive, check out other bank rates.
Let us know about your experience with this bank and comment below.
In addition to the rate from Luana Savings Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
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