Best CD Rates in Saint Louis, MO: Top 3

Below are the highest yielding CD (certificate of deposit) rates available to the residents of St. Louis, Missouri. The institutions we will cover all include the following cities in Missouri: Branson, St. Joseph, Lees Summit, Wentzville, Kansas City, Independence, Springfield, Warrensburg and Columbia. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of St. Louis as well as the state of Missouri, we found that for the most part, you will be able to receive slightly better rates with local institutions than with national ones.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

Best 6 month CD rates in St. Louis, MO:

• Bremen Bank and Trust Company (Clayton, MO branch) has a 6 month CD and a 9 month CD yielding 2.0% APY with a minimum deposit of $500 required.
• Bank Midwest National Association (also out of Clayton, MO) has a 6 month CD and a 9 month CD yielding 1.90% APY with a minimum deposit of $500 required.
• First Bank out of East St. Louis has a 6 month CD yielding 1.80% APY with a minimum deposit of $1,000 required.

Best 12 month CD rates in St. Louis, MO:

• Bank Midwest National Association has a 12 month CD yielding 2.25% APY with a minimum deposit of $500 required.
• Vantage Credit Union (out of East St. Louis) has a 12 month CD and a 15 month CD yielding 2.15% APY with a minimum deposit of $10,000 required.
• Saint Louis Community Credit Union has a 12 month CD yielding 2.05% APY with a minimum deposit of $300 required. 

Best 24 month CD rates in St. Louis, MO:

• First Financial Bank National Association has a 24 month CD yielding 2.50% APY with a minimum deposit of $10,000 required. 
• Hudson City Savings Bank has a 24 month CD yielding 2.50% APY with a minimum deposit of $5,000 required. This is a national bank and can accept deposits from customers nationwide.
• Pulaski Bank (Florissant, MO branch) has a 29 month CD yielding 2.50% APY with a minimum deposit of $2,500 required. 

Missouri money market accounts: Who offers the best rates?

Below are the highest yielding money market account rates serving citizens of the state of Missouri.

If you are strictly after the best rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.

After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Missouri, we have found that in most instances you will be able to lock in more competitive rates with l0cal institutions (if you are eligible for membership). Before committing to one of the banks/credit unions listed below, you may want to browse through our archive of money market account interest rates.

Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy.

Top 2 MMA (money market account) rates in Missouri:

(click on the institution for more information)

• Midland States Bank: Chesterfield, MO. Money market account yielding 2.25% APY with a minimum balance of $10,000. The minimum balance required to open this account is only $2,500, however you will receive a lower interest rate for this balance. If your account dips below $1,000 you will incur a $15 monthly service charge. You are entitled to six transfers per month and only 3 of these may be made by check. For each additional transfer you will incur a $5.00 fee. Midland States Bank has 11 locations in Illinois and only 1 in Missouri (Chesterfield). Midland States Bank was established in 1881 as the Private Bank of Eversman, Wood & Engbring by four men from different walks of life. They were brought together by a common desire to create a bank that served the area. Despite an economic depression in the 1870s, these four partners put their faith in the future of the region. Contact: (888) 226-5892
• Legacy Bank and Trust Co: Mountain Grove, MO. “Money market checking account” yielding 2.22% APY with a minimum deposit amount of $2,500. No monthly service charge as long as your balance remains above $2,500 ($10 monthly fee if balance falls below that level). Legacy Bank and Trust Co have four locations throughout Missouri (Plato, Mountain Grove, Sparta, and Rogersville). They first opened in 1907 in Plato, Missouri, in 2003 Ozarks Heritage Financial Group purchased this bank and changed the name to Legacy Bank and Trust. The last three branches were recently opened in 2003, 2005 and 2008. Contact: (417) 926-6138

Both of the above institutions are federally insured by the FDIC. If you live in Missouri and know of a better money market rate offered by your local bank or credit union, please share by leaving a comment.

Best CD rates in Missouri (Top 3)

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. You may compare the rates below with CD rates available nationwide.

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.