DES MOINES, IA (08/16/2017) (readMedia)-- State Treasurer Michael L. Fitzgerald announced that, as a result of Tuesday's online Invest in Iowa auction, $100 million will be deposited in 39 financial institutions across the state. The state will receive an average rate of return of 1.51% on these six-month certificates of deposit. "This program's average rate of return continues to rise," Fitzgerald said. "This auction saw the highest rate since October 2008."
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