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Finding the right bank can make a big difference in how you manage your finances, especially in a state like Iowa, where local and regional options thrive.
Whether you’re looking for a bank with accessible branches, low fees, or great customer service, Iowa offers various choices to fit your needs. This guide will help you explore the top banks in the state for 2025, making it easier to find the perfect fit for your financial goals.
11 Best Banks in Iowa
When it comes to banking in the Hawkeye State, residents have a plethora of excellent options. Here are the best banks in Iowa, each offering unique strengths and services to cater to your financial needs.
Leading the way in Iowa’s banking sector, U.S. Bank offers both individual and business customers an extensive range of financial solutions, coupled with an exceptional customer service.
U.S. Bank is currently welcoming new applicants with a special offering:
Subject to certain terms and limitations. Offer valid through May 6, 2025. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
The account includes a free debit card that can be locked or unlocked if ever misplaced or stolen. There are no ATM transaction fees at U.S. Bank ATMs and no surcharge fees at over 40,000 MoneyPass® Network ATMs.
The checking account requires a $25 opening deposit and a $6.95 monthly fee. This fee can be waived for those 24 and under, 65 and over, or military members (must self-disclose).
Additionally, the fee can be waived with monthly deposits of $1,000+, an average balance of $1,500+, or holding an eligible U.S. Bank credit card. Qualifying for any Smart Rewards® tier (Primary, Plus, Premium, or Pinnacle) also waives the fee.
SoFi provides an online banking experience with a Checking & Savings account that offers up to 3.80% APY on savings and 0.50% APY on checking balances.
There are no monthly fees or minimum deposit requirements. New customers may qualify for a welcome bonus of up to $300 based on their deposit amount.
Customers can receive their paychecks up to two days early with direct deposit. The SoFi debit card also offers up to 15% cashback at select retailers.
Overdraft protection up to $50 is available with qualifying direct deposits, and deposits are FDIC insured up to $2 million. SoFi also grants access to over 55,000 fee-free ATMs through the Allpoint® network.
Hills Bank has a strong presence in Iowa, with branches in Cedar Rapids, Marion, Iowa City, and Mount Vernon.
Customers can access their funds nationwide through a network of MoneyPass and SHAZAM ATMs.
The bank offers three checking account options, including a Free Checking account with no monthly fees, no minimum balance requirements, and no minimum opening deposit.
For those looking to grow their savings, Hills Bank provides fixed-rate CDs with competitive interest rates, reinforcing its reputation as one of the best banks in Iowa.
GO2bank is an online banking platform built for convenience, offering a hassle-free checking account with no minimum deposit or balance requirement.
Customers can earn a 4.50% APY on savings for balances up to $5,000, making it a strong option for those looking to grow their money.
With free access to 55,000 ATMs and the ability to deposit cash at 90,000 retail locations, managing finances is simple. Free transfers from other bank accounts add even more flexibility.
The early direct deposit feature allows customers to receive paychecks up to two days early and government benefits up to four days in advance. The $5 monthly service fee is waived with a direct deposit each month.
GO2bank also offers optional overdraft protection up to $200 and a secured Visa credit card to help build credit.
Bank Iowa serves the Hawkeye State with a strong focus on community banking, offering a range of financial solutions tailored to local needs.
With branches across the state, including a notable presence in Iowa City, it provides accessible and personalized banking services.
The bank offers five checking account options, with a low $10 minimum opening deposit and no minimum balance requirements.
Two of these accounts come with no monthly maintenance fees and include free identity theft protection.
Beyond checking, Bank Iowa provides savings accounts, personal and home loans, and easy-to-use online banking, making it a solid choice for those who appreciate community-driven financial service.
Regions Bank is a solid choice for Iowa residents, especially those looking for full-service regional banking.
In Iowa, you’ll find branches in cities such as Cedar Falls, Indianola, Urbandale, and Waterloo.
The LifeGreen Checking account has a $50 minimum opening deposit. You can waive the monthly maintenance fee by maintaining a $1,500 balance or setting up qualifying direct deposits of $500 or more each month.
Regions Bank offers more than just checking and savings. Customers have access to personal loans, credit cards, CDs with competitive rates, and wealth management services.
With a strong local presence and a range of financial tools, Regions Bank can be a good fit for those who want both in-person service and digital convenience.
Northwest Bank, a family-owned institution based in Spencer, Iowa, has built a strong reputation for customer service and competitive banking options.
With branches across Iowa and Nebraska, it remains a trusted choice for those seeking a community-focused bank.
New customers can take advantage of a $100 bonus when opening a new checking account. To qualify, you’ll need to enroll in e-statements, Zelle, and BillPay, which simplify banking while promoting sustainable practices.
Opening an account is straightforward, requiring just a $10 deposit with no minimum balance requirement. With no monthly fees, Northwest Bank provides an affordable and hassle-free banking experience.
Fidelity Bank & Trust brings a personal touch to banking, with more than 30 branches located throughout Northeast Iowa, including cities like Anamosa, Bellevue, Dyersville, Dubuque, Manchester, Monticello, and Peosta.
This community bank pairs local service with strong online and mobile banking tools, making it easy to manage your money whether you’re visiting a branch or banking from home.
Checking accounts are accessible, requiring just a $50 minimum deposit and no monthly maintenance fees. Fidelity also offers solid rates on CDs and specialty savings accounts for kids and holiday expenses.
Customers can also take advantage of investment services, with personalized financial guidance from an in-house team of advisors. This added support makes Fidelity Bank & Trust a helpful choice for families and individuals who value community-focused banking.
Bank of America is a large national bank that combines the benefits of its extensive network with perks often found at smaller banks.
Customers can take advantage of a fee-free checking account through the Preferred Rewards program and enjoy access to a nationwide network of branches and ATMs.
They offer three tailored checking account options: Advantage SafeBalance, Advantage Plus, and Advantage Relationship Banking.
These accounts come with their own set of features, including potential monthly fee waivers and various overdraft handling methods. Plus and Relationship account holders can also avail of overdraft protection.
To open an account, a $100 initial deposit is required, and there is a $12 monthly fee, which can be waived with a minimum balance of $1,200 or other qualifying deposits. Customers can further benefit from competitive rates on CDs.
Bankers Trust, located in Des Moines, serves customers in Iowa and Arizona, offering various bank accounts including ones with tiered interest rates. New customers have a chance to get a $250 bonus when they opt for a participating checking account.
Opening an account requires just a $25 initial deposit, and there is no minimum balance. Customers can avoid monthly fees by making a minimum number of debit card transactions each month.
For savings, the bank offers competitive rates on various products, including checking accounts, savings accounts, and CDs, providing multiple ways for customers to grow their funds while enjoying flexible banking options.
MidWestOne Bank stands as a top choice in Iowa, particularly noted for its stellar customer service. This regional bank operates 45 branches in several states, including Iowa, Florida, and Wisconsin.
There are numerous locations in Iowa, including Davenport, Iowa City, Waterloo, Cedar Falls, Coralville, and many more.
To open a checking account, you’ll need an initial deposit of $100, but there is no monthly maintenance fee or minimum balance requirement.
On the savings front, the bank offers attractive rates on money market accounts and CDs.
MidWestOne Bank also offers affordable financing options on auto and personal loans, which is a plus for borrowers.
How to Choose the Best Bank In Iowa
The best bank for you depends on your financial needs, banking habits, and long-term goals. Here’s what to consider:
Services: Choose a bank that offers the accounts, loans, or investment options you need.
Fees: Look for banks with minimal fees and clear conditions for waivers.
Branch and ATM access: If you prefer in-person banking, check the location of branches and ATMs.
Online banking: A strong mobile app with bill pay, mobile check deposit, and real-time alerts can add convenience.
Customer service: Read reviews and ask for recommendations to find a bank known for responsive support.
Interest rates: Compare savings and loan rates to ensure you’re getting the best deal.
Security: Make sure the bank is FDIC-insured or, if it’s a credit union, backed by the NCUA.
Community involvement: If local investment matters to you, look for banks that support community programs.
Perks: Some banks offer rewards programs, cashback, or special deals that can add extra value.
Taking these factors into account will help you find a bank that fits your financial needs.
Bottom Line
The best banks in Iowa provide excellent customer service, convenient access to funds, and a range of financial products. When choosing a bank, consider factors like fees, interest rates, accessibility, and digital banking features.
Your financial needs and goals should guide your decision. Whether you prioritize low fees, strong savings rates, or specialized services, finding the right fit can enhance your banking experience.
Regularly reviewing your account and staying informed about new offers ensures you continue to get the most value. The best bank for you will support your financial success with reliable service and competitive benefits.
Stephanie Faris is a professional finance writer with more than a decade of experience. Her work has been featured on a variety of top finance sites, including Money Under 30, GoBankingRates, Retirable, Sapling, and Benzinga.
