Available for residents nationwide, Luana Savings Bank offers an Online Savings Account with 1.56% APY.
Continue reading below to learn everything you need to know about Luana Savings Bank.
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About Luana Savings Bank
Luana Savings Bank is headquartered in Luana and is the 11th largest bank in the state of Iowa. It is also the 560th largest bank in the nation. It was established in 1908 and as of December of 2021, it had grown to 98 employees at 6 locations.
With such great Money Market rates you can earn big! It provides members with an opportunity to take advantage of high-yield savings products.
I’ll review Luana Savings Bank below.
Luana Savings Bank Money Market 1.56% Rate
To earn Luana Savings Bank Money Market competitive rate, simply complete all the requirements. That’s all it takes and you’ll get to enjoy earning the 1.56% rate.
- Account Type: Money Market Account
- Interest Rate: 1.56% APY
- Minimum Balance: $2,500
- Maximum Balance: No Max
- Availability: Nationwide
- Credit Inquiry: Unknown
- Opening Deposit: $2,500
- Credit Card Funding: Unknown
- Monthly Fee: $10, avoidable
- Early Termination Fee: Unknown
American Express® High Yield Savings Account - You earn a competitive interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express® High Yield Savings account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Discover Bank Online Savings||$200 Bonus + 1.10% APY||Review|
|Aspiration||$150 Bonus + 1.00% APY||Review|
|Axos Business Savings||$200 Bonus + 0.20% APY||Review|
|UFB Money Market Account||1.66% APY||Review|
|UFB Savings||1.66% APY||Review|
|Quontic Bank Money Market||1.50% APY||Review|
|CIT Bank Savings Connect||Up to 1.35% APY||Review|
|Quontic Bank High Yield Savings||1.25% APY||Review|
|American Express® High Yield Savings account||1.00% APY as of 6/29/22||Review|
|CIT Bank Money Market||1.00% APY + Amazon Prime Offer||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
Luana Savings Bank ACH Capabilities and Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Push||?||?||$250k||6 withdrawals per month|
How to Earn Luana Savings Bank Money Market Rate
- Click on the Apply Now button and apply for an Money Market Account
- Input your info
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank
- The minimum opening deposit is $2,500.
|Balance Requirement||APY Rate|
|$0 – $49,999.99||1.26% APY|
|$50,000 – $99,999.99||1.36% APY|
|$100,000 – $249,999.99||1.46% APY|
|$250,000 – $749,999.99||1.51% APY|
|$750,000 and above||1.56% APY|
Why You Should Sign Up For This Account
- $2,500 Minimum Daily Balance (to avoid $10/mo fee)
- 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
Check out this offer from Luana Savings Bank and open an Money Market Account to earn a 1.56% APY rate today! All it takes is $2,500 to earn the APY rate, and with no limits you can earn as much as you can!
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Luana Savings Bank Money Market Account.