Copper-based alloys have garnered significant attention for their potential in antimicrobial applications aimed at mitigating medical-related infections. Nonetheless, the alloying elements in conventional copper alloys frequently exhibit biotoxicity. This study explored the corrosion behavior, antimicrobial activity, and ion release of Cu-Fe alloys with varying iron contents and aging treatment. The results indicate that increasing the iron content in Cu-Fe alloys and applying appropriate aging treatment can enhance both the antibacterial efficiency and corrosion rate. Transmission electron microscopy (TEM) observations revealed a corrosion mechanism in which dispersed iron phases act as nucleation sites. These nanoscale precipitates increase the Cu/Fe interfacial area, thereby promoting ion release at the interface. Furthermore, in-situ scanning electron microscopy (SEM) revealed that corrosion products are more likely to detach in iron-rich segregated areas, which effectively promotes the sustained release of copper ions.