DES MOINES, IA (04/12/2017) (readMedia)-- 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.