Best CD Rates in Missouri

Missouri residents have a variety of options to choose from the significant offerings that banks and credit unions have. They provide the offers and opportunity to earn higher returns on their investments compared to standard savings accounts.

Whether you’re in bustling Kansas City, historic St. Louis, or the scenic Ozarks, this State presents a competitive market for CDs. The following guide aims to highlight the top CD rates available in Missouri. It helps you to secure a solid financial footing by making your money work harder for you.

Overall Best CD rates in Missouri

No.	Name of the Bank	APY %	Term Length	Address
1	First National Bank of Clinton	5.53%	6-month	4108 S National Ave Springfield, MO 65807
2	Legacy Bank & Trust Company	5.53%	6-month	1500 N Main St Mountain Grove, MO 65711
3	Midwest Regional Bank	5.53%	6-month	1913 Richardson Rd Arnold, MO 63010
4	American Airlines Federal Credit Union	5.50%	6-month	10701 Lambert International Blvd Saint Louis, MO 63145
5	First Bank of the Lake	5.50%	6-month	4558 Osage Beach Pkwy Osage Beach, MO 65065
6	First State Bank of St. Robert	5.35%	6-month	2324 Missouri 17 Iberia, MO 65486
7	Maries County Bank	5.35%	6-month	825 N Jefferson St Saint James, MO 65559
8	Great Plains Federal Credit Union	5.30%	6-month	2306 S Range Line Rd PO Box 2968 Joplin, MO 64804
9	CommunityAmerica Credit Union	5.13%	3-month	10895 Lambert International Blvd Bridgeton, MO 63044
10	Conservation Employees Credit Union	5.01%	6-month	2915 W Truman Blvd PO Box 180 Jefferson City, MO 65109
11	First National Bank	5.00%	3-month	1310 E City Rt 40 Greenville, IL 62246
12	First Financial Credit Union	4.95%	6-month	3124 W Edgewood Dr PO Box 104360 Jefferson City, MO 65109
13	River Region Credit Union	4.95%	6-month	400 E Broadway Ashland, MO 65010
14	St. Louis Bank	4.95%	3-month	14323 S Outer 40 Rd Town And Country, MO 63017
15	Ozark Federal Credit Union	4.91%	6-month	101 S Main St Piedmont, MO 63957
16	New Frontier Bank	4.91%	3-month	3773 Elm St Saint Charles, MO 63301
17	Multipli Credit Union	4.85%	6-month	1000 E Primrose St Springfield, MO 65807
18	First Bank	4.57%	3-month	1405 N Illinois Rt 3 Waterloo, IL 62298
19	Scott Credit Union	4.50%	6-month	9100 Gravois Rd Affton, MO 63123
20	Wells Fargo Bank, National Association	4.50%	3-month	1 N Jefferson Ave Saint Louis, MO 63103
21	Arvest Bank	4.47%	6-month	SW Givan Ave & Hwy Y Belton, MO 64012
22	Bank of Belleville	4.20%	3-month	720 W Main St Belleville, IL 62220
23	Anheuser-Busch Employees’ Credit Union	4.04%	24-month	1001 Lynch St, St. Louis, MO 63118
24	Gateway Metro Federal Credit Union	4.01%	24-month	1001 Pine St, St. Louis, MO 63101
25	St. Louis Community Credit Union	4.01%	3-month	3651 Forest Park Ave, St. Louis, MO 63108
26	BancorpSouth Bank	4.00%	6-month	9994 Manchester Rd Saint Louis, MO 63122
27	Bradford National Bank of Greenville	4.00%	3-month	1100 Mercantile Dr Highland, IL 62249
28	Triad Bank	4.00%	24-month	10375 Clayton Rd, Frontenac, MO 63131
29	Alliance Credit Union	4.00%	24-month	575 Rudder Rd, Fenton, MO 63026
30	BluCurrent Credit Union	4.00%	12-month	1770 W Sunset St, Springfield, MO 65807
31	Neighbors Credit Union	4.00%	12-month	6300 S Lindbergh Blvd, St. Louis, MO 63123
32	Bank of America, National Association	3.93%	3-month	901 Civic Center Dr Lake Saint Louis, MO 63367
33	First Community Credit Union	3.93%	12-month	17151 Chesterfield Airport Rd, Chesterfield, MO 63005
34	American Eagle Credit Union	3.89%	18-month	6600 Chippewa St, St. Louis, MO 63109
35	Hawthorn Bank	3.77%	6-month	300 SW Longview Blvd Lee’s Summit, MO 64081
36	Bank of Old Monroe	3.75%	3-month	1093 Wentzville Pkwy P.O. Box 217  Wentzville, MO 63385
37	Assemblies of God Credit Union	3.68%	24-month	1535 N Campbell Ave, Springfield, MO 65803
38	Missouri Electric Cooperatives Employees’ Credit Union	3.60%	6-month	2722 E McCarty St PO Box 1586 Jefferson City, MO 65101
39	Commercial Bank	3.50%	3-month	2197 S Mason Rd Saint Louis, MO 63131
40	PenFed Credit Union	3%	6-month	406 W 34th St Kansas City, MO 64111
41	West Plains Bank and Trust Company	3.00%	6-month	11 Court Square, West Plains, MO 65775
42	Arsenal Credit Union	3.00%	12-month	3780 Vogel Rd, Arnold, MO 63010
43	CommunityAmerica Credit Union	3.00%	18-month	9777 Ridge Dr, Lenexa, KS 66219 (Serving MO area)
44	Vantage Credit Union	3.00%	3-month	4020+A1:E61 Fee Fee Rd, Bridgeton, MO 63044
45	South Community Credit Union	2.96%	3-month	280 S Service Rd W Sullivan, MO 63080
46	St. Louis Community Credit Union	2.96%	3-month	1321 S 11th St Saint Louis, MO 63104
47	Navy Federal Credit Union	2.75%	3-month	1140 Central Park Dr O’Fallon, IL 62269
48	Arsenal Credit Union	2.72%	3-month	3780 Vogel Rd Arnold, MO 63010
49	Wells Fargo Bank, National Association	2.50%	6-month	100 S Brentwood Blvd Saint Louis, MO 63105
50	Electro Savings Credit Union	2.45%	36-month	1805 Craigshire Rd, St. Louis, MO 63146
51	1st City Credit Union	2.14%	3-month	5011 Hampton Ave Saint Louis, MO 63109
52	https://alliancecu.com/	2.14%	3-month	1167 Bryan Rd O’Fallon, MO 63366
53	MAWC Credit Union	2.14%	3-month	727 Craig Rd Saint Louis, MO 63141
54	St. Louis Firefighters and Community Credit Union	2.14%	3-month	5530 Fyler Ave Saint Louis, MO 63139
55	Mercy Credit Union	2.00%	3-month	625 Maryville Ctr Dr Saint Louis, MO 63141
56	State Bank of Missouri	2.00%	18-month	101 NW 2nd St, Concordia, MO 64020
57	Heartland Credit Union	2.00%	36-month	406 Olive St, St. Louis, MO 63101
58	Missouri Credit Union	1.68%	48-month	111 E Broadway, Columbia, MO 65203
59	The Bank of Missouri	1.38%	24-month	18 W Ste Maries St, Perryville, MO 63775
60	United Bank of Union	1.07%	36-month	15 E Main St, Union, MO 63084

Current CD Rates of Missouri

The current CD rates are significant for investors to secure, low-risk investment opportunities. It offers better returns than standard savings accounts.

With a range of terms and rates available, Missourians have the flexibility to choose CDs that best fit their financial goals, whether they’re saving for a short-term objective or looking for a longer-term investment to bolster their retirement savings.

Best 6 Month CD Rates

For those looking to invest in the short term, the best 6-month CD rates in Missouri offer a perfect blend of higher interest earnings and flexibility.

1. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.39% APY

Pros:

• Only $1,000 minimum balance to open
• Interest is compounded daily and credited monthly
• Rates are locked for the term chosen and cannot go down

Rules:

• In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
• The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
• The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
• If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
• You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.

2. Banesco USA

Minimum Amount: $1,500

APY Rate: 4.30% APY

Pros:

• Hispanic American-owned bank that supports local communities
• High APY for BanesGrow savings account
• Competitive CD rate
• Access your account 24/7 from desktop or mobile.
• All deposits are FDIC insured.

Rules:

• The account requires a $100 minimum deposit and carries a $15 monthly fee for balances below the $100 threshold.
• Interest earned may vary
• Consumers are limited to six withdrawals per month with a BanesGrow account.
• Transactions beyond the monthly withdrawal limit carry a $10 fee each.
• A $100 minimum deposit is required to open a BanesGrow account
• BaneSmart CDs offer high-yield interest in exchange for keeping your money in the bank long term.
•  CDs are available in five term lengths ranging from six months to 36 months.
• A $1,500 minimum deposit is required to open a CD account through the bank.

Best 1 Year CD Rates

When it comes to locking in savings for a bit longer, the best 1-year CD rates present an attractive opportunity for Missourians to grow their investments with a bit more yield.

1.  CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.15% APY

Pros:

• The high yield rate of interest
• A decent minimum amount required
• FDIC insured banking option
• Strong customer support system

Rules:

• To open a CD an investor can approach the bank online or in-branch.
• The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
• The interest on the CD is compounded monthly

2. First Internet Bank of Indiana

Minimum Amount: $1000

APY / Rate: 4.75%

Pros:

• High-interest rates on CD accounts
• Access through mobile, online, and telephone
• FDIC insured to the maximum limited by law
• No monthly maintenance fee

Rules:

• A CD can be opened instantly
• The amount can be withdrawn early by paying an early withdrawal penalty amount
• 10 calendar days grace period post maturity post which the CD is auto-renewed.

Best 3 Year CD Rates

Investors looking for a balance between higher returns and moderate commitment periods will find the best 3-year CD rates in Missouri appealing.

1.  First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.44% APY

Pros:

• Only $1,000 minimum balance to open
• Interest is compounded daily and credited monthly
• Rates are locked for the term chosen and cannot go down

Rules:

•  In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
• The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
• The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
• If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
• You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.

2.  First National Bank of America

Minimum Amount: $1,000.00

APY Rate: 4.40% APY

Pros:

• High APY and interest rates
• Easy account opening procedure
• FDIC insured
• BBB accredited business

Rules:

• You must maintain a minimum balance of $1000 to earn APY
• Interest is added to the account every end of month

Best 5 Year CD Rates

For the long-term saver aiming for maximum interest accrual, the best 5-year CD rates in Missouri stand out. This option is designed for individuals focusing on long-term financial goals.

1. GTE Financial Credit Union

Minimum Amount: $500

APY / Rate: 4.54% APY

Pros:

• Open with as little as $500
• Some of the best rates in the nation
• Variety of term options
• Open online in minutes
• Federally Insured by NCUA

Rules:

• No early withdrawals may be made during the first 60 days from opening the Share Certificate.
• Early withdrawals will be penalized anywhere from 90 to 180 days of earned dividends. Please review your Certificate disclosure for more details.
• There are no penalties for monthly dividend withdrawals. Early withdrawal penalties will apply if the certificate is closed before the maturity date.
• You can withdraw up to 10% of the principal plus dividends one time per year (20% of the current balance if over 59 1/2 years old) with no early withdrawal penalty on IRA certificates.
• Any monthly withdrawals or transfers reduce earnings.

2.  CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.50% APY

Pros:

• The high yield rate of interest
• A decent minimum amount required
• FDIC insured banking option
• Strong customer support system

Rules:

• To open a CD an investor can approach the bank online or in-branch.
• The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
• The interest on the CD is compounded monthly.
• Premature withdrawal from the CD is subject to a penalty.

Missouri Economic Statistics

Missouri’s economic landscape presents a varied picture that can influence decisions for investors particularly when considering the best CD rates available in the state.

The average household income in Missouri stands at approximately $57,409, which is below the national average, suggesting that savers and investors might prioritize secure and risk-free investment options like CDs to ensure their capital’s safety while still achieving growth.

The average home value in the state is around $187,000, indicating a relatively affordable housing market compared to the national level. This could influence the investment strategies of Missourians, as the lower cost of living may allow for more disposable income to be allocated towards savings and investments.

With a population of over 6 million people, Missouri’s economic activities are diverse, ranging from agriculture to manufacturing and services, providing a stable backdrop for investment

Statistic	Missouri
Average Household Income	$57,409
Average Home Value	$187,000
Population	Over 6 million

These figures highlight the importance of choosing investment vehicles like CDs for those in Missouri as it is providing a safe and predictable way to grow their savings.

How to Get the Best CD Rates in Missouri?

Securing the best CD rates in Missouri involves a bit of legwork and research. Initially;

• It is important to compare rates from a wide range of financial institutions, including large banks, local credit unions, and online banks, as they often offer different rates based on their operational costs and customer base.
• Tools and websites that aggregate financial data can be incredibly helpful in this process, providing a broad view of the options available.
• Keep in mind that the best rates often come from institutions that specialize in CDs or have promotional offers.
• Additionally, consider the terms and conditions associated with higher rates, such as minimum deposit requirements and early withdrawal penalties, to ensure they align with your financial goals and liquidity needs.

CD Rates Methodology

In our comprehensive review of CD rates across Missouri, we examined the offerings from 86 banks to understand the landscape of available rates. 

Out of these, 60 banks made our list, having passed our criteria for competitive rates, customer service, and favorable terms for savers. This methodology ensures that our recommendations provide real value to investors, highlighting institutions that not only offer attractive rates but also meet high standards for reliability and service.

Conclusion

By considering a wide range of banks and understanding the specifics of each offer, investors can maximize their returns while minimizing risks. 

Our review process, which included an extensive examination of rates from numerous banks, underscores the diversity and competitiveness of Missouri’s banking landscape. For savers and investors, this environment presents a promising opportunity to secure favorable rates, ultimately contributing to their financial resilience and growth.

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