Iowans depositing more into savings - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowans depositing more into savings


IOWA (KWWL)--Iowans are depositing more of their money into banks to seek a safe place for savings.

According to the FDIC, deposits in Iowa grew just 7.1 percent to $64.4 billion at the end of the second quarter. A year ago, that number was at &60 billion.

It's the biggest jump in deposits since 2003.  Nationwide, the savings rate jumped 4.9 percent in the second quarter.

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