Corridor State Bank Rates & Review

Corridor State Bank Review

Corridor State Bank is a full service independent community bank with locations in Coralville and Iowa City, Iowa. The bank offers personal banking, business banking and mortgages.

Corridor State Bank is a full service independent community bank with locations in Coralville and Iowa City, Iowa. The bank offers personal banking, business banking and mortgages.

Personal banking

Corridor State Bank offers a variety of personal savings and checking accounts. Corridor Checking account offers unlimited check writing and overdraft protection. It has no monthly service charges, activity charges, or transaction fees. ATM transactions for this account are free at any of the ATMs throughout the Privilege network. Corridor Growth Money Market is a tiered money market account; the greater the deposit amount, the higher the interest rate earned. A minimum opening deposit and minimum monthly balance is required. Certificates of deposit are available with CD terms ranging from 3 months to 60 months.

Business banking

Business customers can choose between a variety of checking, savings and money market accounts. Certificates of deposit with varying interest rates and maturities, business loans and business credit cards are also offered. The bank offers a CDARS account, in which assets exceeding FDIC coverage limits are spread among CDs held at multiple banks through a single account with a guaranteed rate.

Lending

Corridor State Bank provides a variety of loans including fixed and adjustable rate mortgages, construction loans, home equity loans and interest-only lines of credit, bridge loans, personal loans, and automobile and recreational vehicle loans (new and used).

FDIC insurance

Under current Federal regulations, deposits at Corridor State Bank are FDIC-insured to a maximum of $250,000 per depositor.