Below are the top 3 CD rates offered to residents in the state of Missouri. After researching a few dozen local and regional credit unions and banks serving the state, we compiled a list of the top 3. These rates are time-sensitive in nature, therefor you must take the date of this article into consideration.
Some of the institutions in which we have listed below which are offering the highest rates may have strict eligibility requirements. If you do not live in Missouri, it may be difficult to advantage of these savings products. Even if you do reside in Missouri, you may still want to visit the institution’s membership eligibility page to see if you are eligible (esp. credit unions).
When forming this list, we realize that the highest deposit yields will be accompanied with the longest maturities, therefor we took the CD rates which are beating the national average by the highest margins so that we would not be strictly listing long term deposit certificates.
Top 3 Missouri CD Rates:
(clicking on the institution will bring you to their rates page)
Electro Savings Credit Union: Saint Louis, MO. 12 month CD yielding 2.50% APY with a minimum balance of $10,000. Electro Savings Credit Union was chartered by the state of Missouri in 1941 to serve employees of Union Electric Company and their families. The credit union office was located for many years in the headquarters building of Union Electric in downtown St. Louis. Over the years the credit union grew and eventually moved to rented space near Olive and I-270 in west St. Louis County. In the mid-1970’s the credit union purchased land near WestPort and erected the building which is the present location of the credit union.
First Community Credit Union: Saint Louis, MO. 24 month CD yielding 3.00% APY with a minimum deposit amount of $500. Membership Requirements:
- Be an employee or retiree of a company or association in their field of membership.
- Live or work in a qualifying community (Communities include all of St. Louis County, St. Louis City, Franklin County, Jefferson County, St. Charles County, Warren County, and the Illinois counties of Madison, Monroe and St. Clair).
- Be a family member (spouse, child, grandchild, sibling, parent, or grandparent).
Chester National Bank: Perryville, MO. 36 month CD yielding 3.03% APY with a minimum deposit amount of $500. Chester National Bank is located approximately 60 miles south of St. Louis, Missouri on the Mississippi River with its Main Office located in Chester, Illinois, “The Home of Popeye”. Originally organized in 1919, Chester National Bank conducts business from the main office with two full-service offices at Chester, IL and a full-service office in Sparta, IL and Red Bud, IL. Chester National Bank of Missouri is located in Perryville, Missouri. Chester National Bank of Missouri was formed in 1996 and conducts business from the main office located in Perry County, Missouri.
If you live in Missouri and know of a better interest rate offered by your local banking institution, please share by leaving a comment.
All banks and credit unions listed above are federally insured by either the FDIC or NCUA.
Compare with today’s top CD rates nationwide below: