Bank · FDIC insured
Principal Bank Savings Rates
A $9.8B bank, the 161st largest of 4,207, headquartered in Des Moines, IA, with 1 branch in Iowa. It opens accounts online nationwide.
How Principal Bank’s savings rates compare
Compared with banks and credit unions in Iowa, where Principal Bank has the most branches. $10,000, best rate first.
This bank’s best
Principal Bank
1.11%APY
- Minimum
- $10,000
- Earns on $10,000 a year
- $111
Money Market IRA
Top rate
Employees Credit Union
3.82%APY
- Minimum
- $5,000
- Earns on $10,000 a year
- $381
2nd-highest rate
UMB Bank
3.71%APY
- Minimum
- —
- Earns on $10,000 a year
- $371
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Special-purpose accounts
Money Market IRA
1.11%APY
Individual Retirement Accounts (IRA). Fees may reduce APY. Rates are variable and subject to change at any time.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $250 | 1.00% | — |
| $250 – $10,000 | 1.06% | — |
| $10,000 – $25,000 | 1.11% | $111 |
| $25,000 – $50,000 | 1.21% | — |
| $50,000 – $100,000 | 1.46% | — |
| $100,000 – $250,000 | 1.76% | — |
| $250,000 and up | 2.07% | — |
Sources (1)
- secure02.principal.com/bank/apps/rates/index.do · captured Oct 16, 2026
Assured Savings
1.00%APY
FDIC-insured IRA savings account. Annual fee of $15 is charged on the anniversary date of account opening after start of first year; fee is waived for balances $10,000 and above. Closing fee of $30 is waived if funds transfer to a Principal Bank or Principal Financial Group product.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceAnnual fee of $15 charged on anniversary date after first year, waived for balances $10,000 and above. Rates are variable and subject to change at any time.Any balance | 1.00% | $100 | Annual fee of $15 charged on anniversary date after first year, waived for balances $10,000 and above. Rates are variable and subject to change at any time. |
Sources (2)
- secure02.principal.com/bank/apps/rates/index.do
- principal.com/individuals/inve…l-bank/fdic-insured-iras
All captured Oct 16, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.