DES MOINES, IA (01/12/2017)(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 17 banks across the state. The state will receive an average rate of return of 1.06% on these six-month certificates of deposit. "Our first auction of 2017 was a success," Fitzgerald said. "Competitive bidding pushed the rate of return to its highest number since 2009."







