Earn 5.15% APY With Our High-Interest Rate Checking
If you want a personal checking account that works harder for your money, the Cedar Peak Rewards Checking Account at Twin Cedars Bank is one of the best checking account options in Iowa. This interest-bearing checking account offers competitive interest rates, a high APY, and valuable benefits that help you earn more while enjoying simple, premier banking.
Whether you’re opening a new checking account, searching for the best online checking account, or comparing high-yield checking account options, Cedar Peak Rewards Checking gives you everything you need in one easy, rewarding package.
Here’s Why Iowans Choose Cedar Peak Rewards Checking
The Cedar Peak Rewards High-Interest-Bearing Checking Account is built for customers who want great checking account interest rates with fewer fees or complications. It delivers:
- One of the highest interest rates available on checking accounts
- Free access to the Shazam ATM Network
- Easy online and mobile banking
- Reliable customer support from a trusted Iowa community bank
High Interest Rates That Reward Your Everyday Banking
When you meet simple monthly activity requirements, we help you grow your money with one of the best checking account offers available.
Cedar Peak Rewards Checking – Interest Rates & Tiers
Tier 1 (High Yield Tier)
Daily Balance Range: $50,000.00 and below, with an interest rate of 5.03%. Depending on the balance in your account, the *Annual Percentage Yield (APY) will equal 5.15% (one of the highest interest checking account rates offered by community banks).
Tier 2
Daily Balance Range: $50,000.01 and greater, and the interest rate is 0.05% with an *Annual Percentage Yield (APY) of 5.15-0.05%.
These rates make this account one of the most competitive checking accounts available today.
How to Qualify for the Higher APY
To earn the top rate each statement cycle, simply complete the following:
- Make 10 debit card purchases that post and clear
- Receive $1,000 or more in direct deposits
- Maintain an average balance of $500
- Enroll in free e-statements
These simple steps provide access to one of the best Iowa checking account offers and a checking account bonus in the form of a higher rate return.
Cedar Peak Rewards Checking Account Features
This account is designed to make everyday banking simple, secure, and convenient.
Premier Banking Features
- Online checking account access
- Free Mobile Banking with the Touch Banking app
- Instant balance
- Free mobile check deposit
- Fast transaction review
- Free internal money transfers
- Free balance inquiries
- Free debit card
- Enjoy free ATM access through the Shazam Network
- Optional check ordering
- Free e-statements (must be enrolled in through Online Banking)
The Cedar Peak Rewards Checking requires a $100 deposit to open and requires a $500 daily average account balance (or $10 plus tax maintenance fee).
Cedar Peak Rewards Checking Is One of the Top Bank Accounts Available
Compared to many new bank account offers, Cedar Peak Rewards Checking gives you more value without extra fees or strict requirements.
It is ideal if you want:
- The best checking account for daily use
- An interest checking account that grows your balance
- Checking account bonus offers in the form of premium rates
- A simple, stress-free way to open a new bank account
- A community-focused bank known for its premier banking service
Twin Cedars Bank is proud to be one of the best banks to open a checking account in Iowa, offering both modern tools and local, personal support.
Start Earning More With an Account Designed to Reward Your Everyday Banking
If you are looking for other interest-bearing account options, Twin Cedars Bank has some of the best personal checking accounts and Money Market Accounts. We provide all of the bank account options you could possibly need. Our personal banking experts are here to help you select and open a checking account today.
Call a banker now to open an account, download the Switch Kit, or contact us online to get started. Experience the difference of Cedar Peak Rewards Checking—where your money works harder for you.
*Annual Percentage Yield (APY), Rates effective 9/18/2025 and subject to change. Fees may reduce earnings.
