Best Banks and Credit Unions in Missouri
Finding the best banks near you can be a hassle, but we’re here to help. This is our list of the best banks in Missouri.
Find the best CD rates in Missouri.
1) Midland States Bank
Savings APY: 0.05%
CD APY: 12 Month: 0.20% APY, 24 Month: 0.28% APY, 36 Month: 0.40% APY, 48 Month: 0.45% APY, 60 Month: 0.60% APY
Monthly Fees: $5
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? Midland States Bank has a total of 60 branches in Missouri, Colorado and Illinois.
Pros:
- ATM fee is levied
- Reliable customer service
- No monthly maintenance fee on checking accounts
Cons
- Low interest rates
Founded in 1881, Midland States Bank is headquartered in Effingham, Illinois and is the first on our list of the best banks in Missouri. The bank offers a wide range of banking solutions to its customers including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products, and credit cards.
With assets worth $4 billion and $3 billion in deposits, Midland States Bank is one of the largest banks in the country. The bank has a robust mobile app that allows users to transact, invest and access accounts at all times.
2) Commerce Bank
Savings APY: 0.05%
CD APY: 3 Month: 0.05% APY, 6 Month: 0.05% APY, 1 Year: 0.10% APY, 2 Year: 0.15% APY, 3 Year: 0.20% APY, 4 Year: 0.25% APY, 5 Year: 0.30% APY
Monthly Fees: $5
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? Commerce Bank has over 250 branch and ATM locations across Missouri, Kansas, Illinois, Oklahoma, and Colorado.
Pros:
- Reliable customer service record
- Full selection of banking services
Cons
- Poor ATM network
- The low-interest rate on bank savings account
Founded in 1865, Commerce Bank is a full-service registered bank holding company based in Missouri, and is one of the best banks in the state. The bank is primarily based in Missouri but also has active operations in Colorado, Kansas, Illinois, and Oklahoma.
Commerce Bank offers a full slate of banking and financial solutions to consumers and businesses including checking accounts, savings accounts, certificates of deposit, credit cards, mortgages, and consumer loans.
As of December 2021, the bank owned assets worth US$36.689 Billion which makes Commerce Bank the 48th-largest bank in the United States.
3) First State Community Bank
Savings APY: 0.20%
CD APY: 12 Month: 1.51% APY, 24 Month: 1.76% APY, 36 Month: 2.02% APY, 48 Month: 2.02% APY, 60 Month: 2.04% AP
Monthly Fees: $0
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? First State Community Bank has over 52 branches in the state of Missouri in the U.S.
Pros:
- No fees on standard checking account
- No monthly fees
Cons
- no live chat or all-day service options
- Less competitive interest rates
First State Community Bank was founded in 1954 and is headquartered in Farmington, Missouri. The bank offers a full choice of banking products, including savings accounts, checking accounts, money market accounts, mortgage products, and credit cards.
First State Community Bank holds $2 billion in assets and deposits totaling $2 billion which makes it one of the largest banks in Missouri as well as in America. The bank offers mobile and web apps that allow easy access to consumers. The users can check account balances, send and receive money through the apps and also seek customer support, making it one of the best banks in Missouri for those who prefer mobile services.
4) North American Savings Bank
Savings APY: 3.35% APY with minimum balances between $. 01-$49,000 and 3.35% APY with minimum balances between $50,000 – $1,499,999
CD APY: 6 months 1.00%, 12 months 1.80%, 24 months 2.35% 5 years5.50%
Monthly Fees: $7.50
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? North American Savings Bank has a total of 4 branches in the state of Missouri.
Pros:
- NASB is a full-service bank with branch locations, as well as online and mobile banking.
- Its best yields on deposit accounts are competitive and beat the big traditional banks.
- It is an established bank, founded in the 1920s, and is FDIC-insured.
- Customers have fee-free access to over 24,000 ATMs, including those in the MoneyPass network.
Cons
- You can find banks that pay higher yields.
North American Savings Bank, headquartered in Kansas City, Missouri, is a full-service bank that offers checking, savings, money market and CD accounts, as well as mortgages, commercial loans and more. It has 10 branches and three mortgage loan offices in Kansas City. It offers online and mobile banking, along with access to over 24,000 surcharge-free ATMs in the MoneyPass network, earning it a spot on our list of the best banks in Missouri.
5) Altru Credit Union
Savings APY: 0.05%
CD APY: upto 4.30%
Monthly Fees: $5
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? Altru Credit Union has a total of 4 branches in the state of Missouri.
Pros:
- A full slate of banking products
- High APY on CDs and IRAs
- Excellent customer service
Cons
- Low APY on savings accounts
- Limited physical locations
Headquartered in Wentzville, Missouri, Altru Credit Union is the 12th largest credit union in the state as well as the 951st largest credit union in the country. It was founded in 1968 and has 14 employees and 38,075 members.
The credit union offers a wide range of banking solutions under one roof. Its product offering includes checking accounts, saving accounts, loans, and credit cards. The products are available to both consumers and businesses.
6) American Bank of Missouri
Savings APY: 0.01%
CD APY: 12 Month: 2.54% APY 24 Month: 2.71% APY 36 Month: 2.52% APY 48 Month: 2.59% APY 60 Month: 2.69% APY
Monthly Fees: $2
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? American Bank of Missouri has 9 branches in Missouri and several ATMs.
Pros:
- Competitive interest rates
- Interest starts as soon as the deposit is made
- Tax deduction saving options available
Cons
- Compromised customer service
- The online system is not very impressive
American Bank of Missouri was founded in 1880 and is headquartered in Wellsville, Missouri. It is the 48th largest bank in the state and the 1,364th largest bank in the country.
The bank offers various products and services to consumers and businesses. Its product range includes checking accounts, savings accounts, consumer loans, debit & credit cards, safe deposit options, digital wallets, commercial loans, and finance options. They also offer treasury management services and SBA lending. With $665.9 MM in assets, the bank is one of the largest banks in the nation.
7) CommunityAmerica Credit Union
Savings APY: 0.01%
CD APY: 4.13%
Monthly Fees: $5
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? CommunityAmerica Credit Union has 20 branches in the state of Missouri.
Pros:
- High APY on CDs
- A wide range of loan options is available
- Reliable customer service
Cons
- Low APY on Savings
- No mobile app
CommunityAmerica Credit Union was established in 1940 and is headquartered in Lenexa and is the largest credit union in the state of Missouri. The credit union is also the 78th largest credit union in the country.
They offer a full slate of financial and banking products including checking, savings, money markets, auto loans, home equity loans, mortgages, and a wide range of loan products.
With more than 200,000 members and over $2 billion in assets, the credit union is one of the most reliable credit units to seek investment options.
8) First Community Credit Union
Savings APY: 0.15% with $100.00 minumum balance to earn
CD APY: 36-month (5.00% APY), 60-month (5.00% APY), $500 minimum.
Monthly Fees: $0
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? First Community Credit Union has 40+ branches and a well-knit network of ATMs in Missouri.
Pros:
- Free checking account
- Online banking and mobile app for 24/7 banking
- The monthly maintenance fee can be waived off
- Free overdraft protection
Cons
- High monthly maintenance fee on both savings and checking accounts
- Low APY on savings and CD accounts
Headquartered in Chesterfield, Missouri, First Community Credit Union’s field of membership (FOM) is residency based, with U.S. citizens/resident aliens (18 years or older) who live or work in the Missouri counties of Franklin, Jefferson, St. Charles, St. Louis and Warren, and the southwest Illinois counties of Madison, Monroe, and St. Clair, eligible for membership. In the past year, First Community increased its total non-brokered deposits by $226.26 million, an excellent annual growth rate of 6.8%.
Founded in 1934, First Community Credit Union is the largest credit union in Missouri, with more than 372,000 members and assets in excess of $3.8 billion. Three year ago, First Community began a partnership with Southern Illinois University Edwardsville for the naming rights to the Vadalabene Center arena for ten years.
9) Anheuser-Busch Employees’ Credit Union
Savings APY: 0.15%
CD APY: 1.65%
Monthly Fees: $0
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? Anheuser- Busch Employees Credit Union has 30+ branches and a well-knit network of ATMs in Missouri.
Pros:
- Variety of banking products
- Reliable customer service network
- Physical presence in Missouri
Cons
- Low savings rates
- Limited ATM availability
Anheuser-Busch Employees’ Credit Union (ABECU) was founded in 1939 and has its headquarters in St. Louis, Missouri. The credit union also offers banking solutions in Ohio, as well as in Columbus.
The Credit Union holds $1.5 billion in assets and is a large family of more than 120,000 members.
ABECU is a complete solution for personal and business banking needs. The credit union offers savings accounts, checking accounts, CDs, IRAS, and business and personal loans, making it one of the best banks in Missouri for individuals and businesses alike.
10) Central Missouri Community Credit Union
Savings APY: 0.03%
CD APY: 0.15% to 0.25%
Monthly Fees: $10
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? Central Missouri Community Credit Union has 3 branches in Missouri.
Pros:
- Affordable interest rates on student loans
- Excellent customer service
- Full range of products available
Cons
- Low-interest rates
- Limited physical branches
Founded in 1961 and headquartered in Warrensburg,Central Missouri Community Credit Union is the 25th largest credit union in the state of Missouri and the 1,547th largest credit union in the country.
The credit union offers savings accounts, checking accounts, student loans, auto loans, personal loans as well as business loans.
All the banking solutions are accessible through the mobile app and online banking solutions of the Credit Union. The credit union holds $139.1 M in assets and has 15, 420 members.
11) State Farm Federal Credit Union
Savings APY: 1.01%
CD APY: 1.01% with minimum opening deposit starting at $5.
Monthly Fees:
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? State Farm Federal Credit Union has 5 branches across Ohio state.
Pros:
- It is available in all 50 states
- Offers the best dividend yield
- Easy loan process and affordable rates
Cons
- Lacks penalty certificate option
- There is no IRA CD
Last up on our list of the best banks in Missouri is State Farm Federal Credit Union, founded in 1936 by G.E. Mecherle, the son of State Farm founder, G.J. Mecherle to offer benefits to the employees and associates.
The credit union deals in a wide range of saving options including primary accounts, secondary accounts, Trust accounts, business accounts, minor accounts, IRA accounts, and specialty accounts. They also offer loans for vehicle, personal, and business purposes.
They are attentive to the customer’s requirements and serve the community with all types of financial resources.