State Treasury Offers Six-Month Deposits to Iowa’s Financial Institutions
April 12, 2017
DES MOINES, IA - State Treasurer Michael L. Fitzgerald announced that, as a result of Tuesday’s online Invest in Iowa auction, $50 million will be deposited in 22 financial institutions across the state. The state will receive an average rate of return of 1.29% on these six-month certificates of deposit. “We continue to see significant interest in this program,” Fitzgerald said.