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 BankAPY %Term LengthAddress
1Members 1st Credit Union5.10%12-month4702 Mattis Rd Saint Louis, MO 63128
2First Community Credit Union5.00%12-month12856 Tesson Ferry Rd Saint Louis, MO 63128
3First Missouri Credit Union5.00%12-month1690 Lemay Ferry Rd Saint Louis, MO 63125
4APEX Financial Credit Union4.91%12-month1222 Spruce St Saint Louis, MO 63103
5West Community Credit Union4.91%18-month2345 S Brentwood Blvd Saint Louis, MO 63144
6St. Louis Community Credit Union4.89%12-month5503 Delmar Blvd Saint Louis, MO 63112
7Bremen Bank and Trust Company4.81%12-month3529 N Broadway Saint Louis, MO 63147
8PenFed Credit Union4.50%12-monthOnline
9Arsenal Credit Union4.35%12-month8651 Watson Rd Saint Louis, MO 63119
10Gateway Metro Federal Credit Union4.25%12-month9201 Watson Rd Saint Louis, MO 63126
11Scott Credit Union4.25%12-month8866 Ladue Rd Saint Louis, MO 63124
12Bremen Bank and Trust Company4.18%24-month3529 N Broadway Saint Louis, MO 63147
13Members 1st Credit Union4.06%24-month4702 Mattis Rd Saint Louis, MO 63128
14Great Southern Bank Brentwood4.01%18-month2435 South Brentwood Blvd
15Commercial Bank4.00%12-month2197 S Mason Rd Saint Louis, MO 63131
16St. Louis Community Credit Union3.93%24-month5503 Delmar Blvd Saint Louis, MO 63112
17Scott Credit Union3.75%24-month8866 Ladue Rd Saint Louis, MO 63124
18Cass Commercial Bank3.70%24-month1420 N 13th St Saint Louis, MO 63106
19First Missouri Credit Union3.70%24-month1690 Lemay Ferry Rd Saint Louis, MO 63125
20First Community Credit Union3.65%24-month12856 Tesson Ferry Rd Saint Louis, MO 63128
21Cass Commercial Bank3.60%12-month1420 N 13th St Saint Louis, MO 63106
221st City Credit Union3.51%24-month5011 Hampton AveSaint Louis, MO 63109
23Alliance Credit Union3.51%24-month9050 W Florissant Ave Saint Louis, MO 63136
24MAWC Credit Union3.51%24-month727 Craig Rd Saint Louis, MO 63141
25St. Louis Firefighters and Community Credit Union3.51%24-month5530 Fyler Ave Saint Louis, MO 63139
26First Bank3.46%12-month710 Olive St Saint Louis, MO 63101
27First Mid Bank & Trust Saint Louis3.45%24-month1643 South Jefferson Avenue, Suite E
28Great Southern Bank Kirkwood3.45%24-month366 S. Kirkwood Road
29PrivateBank and Trust Company3.25%24-month1401 S Brentwood Blvd Saint Louis, MO 63144
30Carrollton Bank3.11%24-month1001 Craig Rd Saint Louis, MO 63146
31Carrollton Bank3.06%12-month1001 Craig Rd Saint Louis, MO 63146
32Great Southern Bank Oakville3.01%12-month6173 Telegraph Road
33Commercial Bank3.00%24-month2197 S Mason Rd Saint Louis, MO 63131
34Royal Banks of Missouri3.00%24-month8350 Delcrest Dr Saint Louis, MO 63124
35First Collinsville Bank2.87%24-month12000 Tesson Ferry Rd Saint Louis, MO 63128
36PrivateBank and Trust Company2.85%12-month1401 S Brentwood Blvd Saint Louis, MO 63144
37Royal Banks of Missouri2.78%12-month8350 Delcrest Dr Saint Louis, MO 63124
38First Collinsville Bank2.72%12-month12000 Tesson Ferry Rd Saint Louis, MO 63128
39Jefferson Bank and Trust Concord Village2.50%18-month5475 Southfield Center
40Great Southern Bank Central West End Park East Tower2.00%36-month1 North Euclid Avenue
41Great Southern Bank Loughborough1.00%24-month940 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

TermBank/Credit UnionMinimum DepositAPY
6 MonthCitizens Bank$5000.60%
O’Bannon Banking Company$1,0000.60%
1 YearMRV Banks$10,0000.80%
Citizens’ Bank of Charleston$1,0000.75%
2 YearsSeattle Bank$1,0004.75%
Newtek Bank, National Association$2,5004.75%
3 YearsBanesco USA$1,0005.10%
Dollar Savings Direct, a division of Emigrant Bank$1,0005.00%
5 YearsBlucurrent Credit Union$1,0005.00%
First Internet Bank of Indiana$1,0004.61%

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.
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.


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.


Who has the best CD rates in St Louis?

Great Southern Bank in Brentwood offers a considerable 4.01% APY for an 18-month CD.

What Credit Union has the Best CD rates in St Louis?

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.