Central Bank of Kansas City CD Rates
Justin Stewart
Deal Summary
Minimum opening balance starts at $500, lowest APY 0.05%, highest APY 0.50%, dividends paid at maturity
Central Bank of Kansas City’s Top CD Rates
The Central Bank of Kansas City’s top CD rate is 0.50% for 5-year CD terms with minimum deposits as low as $500.
Tiered terms are available starting at 91-days and up to 5-years.
There is a special CD which requires a $5,000 minimum deposit and has an APY of 0.40%.
Short term CD’s yield interest rates between 0.05%-0.10%. The APY increases 0.10% per term for each tier after 1-year.
CD’s with a $50,000 minimum balance receive the same APY rates as regular certificates starting at 0.10% and going up to 0.50% for tiers between 28-days and 5-years.
Applicable penalties will be imposed for early withdrawals before maturity of the CD.
Availability
You must be a member of the Central Bank of Kansas City to be eligible for their CD rates. You can visit a branch in person to open an account or apply for membership through their online portal. They serve the Kansas City region of Missouri and you must be a local resident or work in the area to be a member.
Branches in Missouri
Kansas City (Main Branch and East Branch)
Bank Overview
The bank was chartered by the state in 1950 and has been serving their community ever since with comprehensive banking services including lending, saving, and investment. They are a family-owned bank which is dedicated to giving back to their community. They have two locations in Kansas City which include a large central branch on Independence Avenue.
In 1998 the Kansas City bank became the only registered CDFI, which stands for Community Financial Investment Institution, in Missouri. This is a federal U.S. treasury initiative which encourages private financial institutions to give back to their communities through volunteer work, accessible financial services for local communities, and direct financial contributions.
They provide affordable financial products to the surrounding communities of Kansas City and are devoted to community development. Having high-quality and accessible financial advising and services is just one of the many ways that this Kansas City bank is making a difference. Small business loans and housing loans are available at affordable rates from this financial institution. For saving and investment accounts they offer competitive rates. Growing the wealth and financial wellness of their members is a priority of the bank since the bankers and employees live and work in the community that they serve.
With a focus on education, as a CDFI bank they go above and beyond to help their community. They build neighborhoods and help local schools with financial literacy programs. Some of the many ways that they give back is by reading to second graders and providing meals to the needy. They believe in the community of Kansas City and are devoted to helping the community reach its full potential.
Minimum opening balance starts at $500, lowest APY 0.05%, highest APY 0.50%, dividends paid at maturity
Central Bank of Kansas City’s Top CD Rates
The Central Bank of Kansas City’s top CD rate is 0.50% for 5-year CD terms with minimum deposits as low as $500.
Tiered terms are available starting at 91-days and up to 5-years.
There is a special CD which requires a $5,000 minimum deposit and has an APY of 0.40%.
Short term CD’s yield interest rates between 0.05%-0.10%. The APY increases 0.10% per term for each tier after 1-year.
CD’s with a $50,000 minimum balance receive the same APY rates as regular certificates starting at 0.10% and going up to 0.50% for tiers between 28-days and 5-years.
Applicable penalties will be imposed for early withdrawals before maturity of the CD.
Availability
You must be a member of the Central Bank of Kansas City to be eligible for their CD rates. You can visit a branch in person to open an account or apply for membership through their online portal. They serve the Kansas City region of Missouri and you must be a local resident or work in the area to be a member.
Branches in Missouri
Kansas City (Main Branch and East Branch)
Bank Overview
The bank was chartered by the state in 1950 and has been serving their community ever since with comprehensive banking services including lending, saving, and investment. They are a family-owned bank which is dedicated to giving back to their community. They have two locations in Kansas City which include a large central branch on Independence Avenue.
In 1998 the Kansas City bank became the only registered CDFI, which stands for Community Financial Investment Institution, in Missouri. This is a federal U.S. treasury initiative which encourages private financial institutions to give back to their communities through volunteer work, accessible financial services for local communities, and direct financial contributions.
They provide affordable financial products to the surrounding communities of Kansas City and are devoted to community development. Having high-quality and accessible financial advising and services is just one of the many ways that this Kansas City bank is making a difference. Small business loans and housing loans are available at affordable rates from this financial institution. For saving and investment accounts they offer competitive rates. Growing the wealth and financial wellness of their members is a priority of the bank since the bankers and employees live and work in the community that they serve.
With a focus on education, as a CDFI bank they go above and beyond to help their community. They build neighborhoods and help local schools with financial literacy programs. Some of the many ways that they give back is by reading to second graders and providing meals to the needy. They believe in the community of Kansas City and are devoted to helping the community reach its full potential.