Best CD Rates in St Louis
Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
CDs offer a secure and predictable way to grow your savings, with fixed interest rates for the term of the certificate.
Whether you’re saving for a down payment on a home, planning a major purchase, or simply building your emergency fund, you are encouraged to invest in a CD. It can be a prudent part of your financial strategy.
St. Louis banks and credit unions are competing for your business. It offers attractive rates and terms to secure your deposit. Let’s delve into the best CD rates available in St Louis, helping you make an informed decision to boost your financial health.
Overall Best CD rates in St Louis
| No. | Name of the Bank | APY % | Term Length | Address |
| 1 | Members 1st Credit Union | 5.10% | 12-month | 4702 Mattis Rd Saint Louis, MO 63128 |
| 2 | First Community Credit Union | 5.00% | 12-month | 12856 Tesson Ferry Rd Saint Louis, MO 63128 |
| 3 | First Missouri Credit Union | 5.00% | 12-month | 1690 Lemay Ferry Rd Saint Louis, MO 63125 |
| 4 | APEX Financial Credit Union | 4.91% | 12-month | 1222 Spruce St Saint Louis, MO 63103 |
| 5 | West Community Credit Union | 4.91% | 18-month | 2345 S Brentwood Blvd Saint Louis, MO 63144 |
| 6 | St. Louis Community Credit Union | 4.89% | 12-month | 5503 Delmar Blvd Saint Louis, MO 63112 |
| 7 | Bremen Bank and Trust Company | 4.81% | 12-month | 3529 N Broadway Saint Louis, MO 63147 |
| 8 | PenFed Credit Union | 4.50% | 12-month | Online |
| 9 | Arsenal Credit Union | 4.35% | 12-month | 8651 Watson Rd Saint Louis, MO 63119 |
| 10 | Gateway Metro Federal Credit Union | 4.25% | 12-month | 9201 Watson Rd Saint Louis, MO 63126 |
| 11 | Scott Credit Union | 4.25% | 12-month | 8866 Ladue Rd Saint Louis, MO 63124 |
| 12 | Bremen Bank and Trust Company | 4.18% | 24-month | 3529 N Broadway Saint Louis, MO 63147 |
| 13 | Members 1st Credit Union | 4.06% | 24-month | 4702 Mattis Rd Saint Louis, MO 63128 |
| 14 | Great Southern Bank Brentwood | 4.01% | 18-month | 2435 South Brentwood Blvd |
| 15 | Commercial Bank | 4.00% | 12-month | 2197 S Mason Rd Saint Louis, MO 63131 |
| 16 | St. Louis Community Credit Union | 3.93% | 24-month | 5503 Delmar Blvd Saint Louis, MO 63112 |
| 17 | Scott Credit Union | 3.75% | 24-month | 8866 Ladue Rd Saint Louis, MO 63124 |
| 18 | Cass Commercial Bank | 3.70% | 24-month | 1420 N 13th St Saint Louis, MO 63106 |
| 19 | First Missouri Credit Union | 3.70% | 24-month | 1690 Lemay Ferry Rd Saint Louis, MO 63125 |
| 20 | First Community Credit Union | 3.65% | 24-month | 12856 Tesson Ferry Rd Saint Louis, MO 63128 |
| 21 | Cass Commercial Bank | 3.60% | 12-month | 1420 N 13th St Saint Louis, MO 63106 |
| 22 | 1st City Credit Union | 3.51% | 24-month | 5011 Hampton AveSaint Louis, MO 63109 |
| 23 | Alliance Credit Union | 3.51% | 24-month | 9050 W Florissant Ave Saint Louis, MO 63136 |
| 24 | MAWC Credit Union | 3.51% | 24-month | 727 Craig Rd Saint Louis, MO 63141 |
| 25 | St. Louis Firefighters and Community Credit Union | 3.51% | 24-month | 5530 Fyler Ave Saint Louis, MO 63139 |
| 26 | First Bank | 3.46% | 12-month | 710 Olive St Saint Louis, MO 63101 |
| 27 | First Mid Bank & Trust Saint Louis | 3.45% | 24-month | 1643 South Jefferson Avenue, Suite E |
| 28 | Great Southern Bank Kirkwood | 3.45% | 24-month | 366 S. Kirkwood Road |
| 29 | PrivateBank and Trust Company | 3.25% | 24-month | 1401 S Brentwood Blvd Saint Louis, MO 63144 |
| 30 | Carrollton Bank | 3.11% | 24-month | 1001 Craig Rd Saint Louis, MO 63146 |
| 31 | Carrollton Bank | 3.06% | 12-month | 1001 Craig Rd Saint Louis, MO 63146 |
| 32 | Great Southern Bank Oakville | 3.01% | 12-month | 6173 Telegraph Road |
| 33 | Commercial Bank | 3.00% | 24-month | 2197 S Mason Rd Saint Louis, MO 63131 |
| 34 | Royal Banks of Missouri | 3.00% | 24-month | 8350 Delcrest Dr Saint Louis, MO 63124 |
| 35 | First Collinsville Bank | 2.87% | 24-month | 12000 Tesson Ferry Rd Saint Louis, MO 63128 |
| 36 | PrivateBank and Trust Company | 2.85% | 12-month | 1401 S Brentwood Blvd Saint Louis, MO 63144 |
| 37 | Royal Banks of Missouri | 2.78% | 12-month | 8350 Delcrest Dr Saint Louis, MO 63124 |
| 38 | First Collinsville Bank | 2.72% | 12-month | 12000 Tesson Ferry Rd Saint Louis, MO 63128 |
| 39 | Jefferson Bank and Trust Concord Village | 2.50% | 18-month | 5475 Southfield Center |
| 40 | Great Southern Bank Central West End Park East Tower | 2.00% | 36-month | 1 North Euclid Avenue |
| 41 | Great Southern Bank Loughborough | 1.00% | 24-month | 940 Loughborough Ave |
Current CD Rates of St Louis
The current CD rates in St. Louis show a range of options for investors who are looking to secure their money in certificates of deposit.
While local banks offer rates that vary slightly, with some going as low as 0.65% for a minimum deposit of $500 to $10,000, online banks provide significantly higher rates, offering up to 5.00% for 24-month CDs with a minimum deposit of $1,000.
These higher rates are available through online financial institutions like Transportation Alliance Bank, My Savings Direct, and USAA Federal Savings Bank, among others.
This disparity highlights the importance of shopping around for the best rates, considering both local and online options, to maximize savings growth
| Term | Bank/Credit Union | Minimum Deposit | APY |
| 6 Month | Citizens Bank | $500 | 0.60% |
| O’Bannon Banking Company | $1,000 | 0.60% | |
| 1 Year | MRV Banks | $10,000 | 0.80% |
| Citizens’ Bank of Charleston | $1,000 | 0.75% | |
| 2 Years | Seattle Bank | $1,000 | 4.75% |
| Newtek Bank, National Association | $2,500 | 4.75% | |
| 3 Years | Banesco USA | $1,000 | 5.10% |
| Dollar Savings Direct, a division of Emigrant Bank | $1,000 | 5.00% | |
| 5 Years | Blucurrent Credit Union | $1,000 | 5.00% |
| First Internet Bank of Indiana | $1,000 | 4.61% |
St Louis Economic Statistics
For investors and savers in St. Louis, understanding the local economic landscape is crucial. The understanding gets even more considerable especially when considering the best CD rates in the area.
- St. Louis has seen a vibrant real estate market with the average home value standing at $168,616. This growth is indicative of a healthy and growing economy that could influence investment decisions, including those related to CDs.
- Moreover, the median income in St. Louis, as reported by Data USA, shows a diverse economic environment with median earnings for men and women in the region being $43,902 and $36,050, respectively. This economic backdrop can provide a context for the potential savings capacity of residents and the feasibility of investing in CDs for short to long-term financial planning.
| Statistic | Value |
| Average Home Value | $168,616 |
| Median Income for Men | $43,902 |
| Median Income for Women | $36,050 |
| Projected Domestic Trade Growth (2020-2050) | 103% increase |
Furthermore, St. Louis’s population dynamics also play a role in shaping its economic statistics. This can affect consumer behavior and investment patterns, including the demand for CDs as a secure investment option.
How to Get the Best CD Rates in St. Louis
To secure the best CD rates in St. Louis, it is essential to adopt a strategic approach that involves thorough research and comparison.
- The investors will start by exploring a wide range of financial institutions, including both traditional banks and credit unions.
- Online banks also offer competitive rates and should not be overlooked. Pay attention to the terms and conditions associated with each CD, as these can significantly impact your earnings and access to funds.
- Additionally, consider leveraging any existing banking relationships, as some institutions offer better rates to current customers.
- Staying informed about the general economic environment and Federal Reserve rate changes can also guide your timing for opening a CD, as rates tend to fluctuate in response to broader economic trends.
CD Rates Methodology
The methodology for evaluating CD rates often involves reviewing a comprehensive list of banks and credit unions to identify the most competitive rates available.
In the context of St. Louis, suppose a hypothetical review involved examining CD rates from 62 banks and credit unions. Out of these, 41 make the list based on their offering of the highest interest rates, the flexibility of terms, minimum deposit requirements, and other relevant factors such as fees and penalties for early withdrawal.
This process ensures that the rates included in the final list are not only competitive but also accessible to a wide range of savers with different financial capacities and goals.
Conclusion
Ultimately, the best CD for you will depend on your specific financial situation, including your savings goals, risk tolerance, and the time you can afford to lock away your funds.
By staying informed and strategic, you can maximize your earnings and achieve your financial objectives through CD investments.
FAQs
Great Southern Bank in Brentwood offers a considerable 4.01% APY for an 18-month CD.
Members 1st Credit Union offers a 5.10% APY for a 12-month CD, making it the credit union with the best CD rates in St. Louis.