3.95%
Rate
Our lobbies and community centers are currently closed until further notice to help slow the spread of COVID-19. Luana Savings Bank is committed to your financial well-being during this national emergency and has taken all appropriate steps to ensure we may continue to serve you indefinitely.
You may still bank with us, including deposits and withdrawals, through:
- ATMs*
- Online Banking*
- Mobile App, including Mobile Deposit*
- Drive-up Teller Window (during business hours)
- Calling us (during business hours)
*If you do not have an ATM/debit card, or if you have not set up your online banking or mobile banking apps, this can be completed over the phone during business hours.
Please keep in mind that COVID-19 spreads easily through coughs and sneezes, for several hours, even if you believe you have covered your mouth sufficiently. If you are coughing or sneezing, please isolate yourself from others. COVID-19 can remain viable on solid surfaces, like door handles, for several days, so please wash your hands/sanitize when in public places. Thank-you for your cooperation.
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What is a bank?
You might be surprised to learn a bank is a business like a beauty salon, hardware store, or convenience station. Banks, similar to other industries - like restaurants - must adhere to strict regulations. Like any company, banks that fail to make profits also go out of business.
Banks also pay income tax just like other local businesses. Banks are important to the economy…but so is food. Farmers are taxed, and so are grocery stores. Imagine a profitable business that didn’t pay income tax – would that be fair? Think about your own employer – do they pay taxes?
Do you?!That’s why Luana Savings Bank, along with American Bankers Association, Iowa Bankers Association and hundreds of other local community banks oppose credit unions. Community banks are...
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4.32%APR
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1.21% APY on your $750k+ Deposit1.01% APY on $250k-749,9990.91% APY on $100k - 249,9990.80% APY on $50k - 99,9990.70% APY on $25k - 49,9990.60% APY on $2,500 - 24,999
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0.60% APYUp to
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1.25% Interest Rate Loans for New or Expanding Businesses*
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No Cost Mortgages
for your Purchase or Refinance!*
CD SPECIALS
Rates as high as
12-MONTH
0.30% APY
24-MONTH
0.50% APY
Click for more rates & terms
IRA Rates (APY)
| 18 Month Variable | 0.35% |
| 18 Month Fixed | 0.40% |
| 30 Month Fixed | 0.55% |
| 42 Month Fixed | 0.65% |
Agricultural Land Loans
rates as low as
| 1.50% Beginning Farmers |
| 3.50% Variable |
| 3.45% Fixed |
In memory of Robert August Schultz, who recently passed away
Robert, a lifetime native of Luana, Iowa, was crucial in helping shape Luana Savings Bank into the community-driven, nationally-recognized, successful institution it's become today. Robert was born into agriculture, the lifeblood of Northeast Iowa. Robert became involved at Luana Savings Bank while continuing to run his own farm. This work ethic and first-hand Ag knowledge grew Luana Savings Bank into what it is today. Robert helped grow Luana Savings Bank through offering flexible, fair products and services needed by his fellow neighbors. Even at 95 years young, Robert continued to participate in Bank operations and thoroughly enjoyed visiting with staff and customers at the Luana branch on a daily basis. Today, Luana Savings Bank continues to outpace metropolitan financial institutions because we continue to embrace those same neighborly values instilled by Robert Schultz.
Great Money Market Account Rates Preferred APY* for 12 Months!
| Deposit Amount | Preferred APY* | Current APY |
|---|---|---|
| $750k and above | 1.870% | 1.210% |
| $250k - $749,999.99 | 1.670% | 1.010% |
| $100,000 - $249,999.99 | 1.460% | 0.910% |
| $50,000 - $99,999.99 | 1.260% | 0.800% |
| $25,000 - $49,999.99 | 1.060% | 0.700% |
| $0 - $24,999.99 | 0.860% | 0.600% |
3.00% Rate
3.013% APR
CD SPECIALS
Rates as high as:
12-MONTH
0.30% APY
24-MONTH
0.50% APY
Tap for more rates & terms
No Cost Mortgages
for your Purchase or Refinance!*
for your Purchase or Refinance!*
Fast Track Loans as low as
3.50% Variable
3.10% Fixed
for qualifying buyers
Agricultural Land Loans
as low as
as low as
1.50% Beginning Farmers
3.50% Variable
3.45% Fixed
for qualified purchases
Auto Loans as low as:
3.10% APR (2017 or Newer & 10% Down)
3.20% APR (2017 or Newer & 0% Down)
3.40% APR (2016, & Refi.)
for qualifying buyers
"Local People, Local Decisions, Local Investments"
"Local People, Local Decisions, Local Investments"
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