S&T Bank prides itself in being a bank that its members can be proud to be a part of. Along with employer satisfaction, the bank precisely favors the consumers in the form of a certificate of deposit.

The comprehensive analysis and complete details about the CD rate terms are;

S & T Bank CD Rates Offers

Some most credible & competitive offers are;

6-Month CD

  • APY: 4.25% APY1
  • Minimum Deposit: $1,000

Considerations

  • The minimum deposit might be a barrier for some investors, so it’s essential to ensure liquidity needs are met.

Pros & Cons

ProsCons
4.25% APY1Limited investment horizon

1-Year CD

  • APY: 4.25% APY1
  • Minimum Deposit: $500

Considerations

  • The lower minimum deposit makes it attractive to investors with smaller amounts to invest.

Pros & Cons

ProsCons
Low minimum deposit ($500)Moderate minimum deposit

2-Year CD

  • APY: 4.00% APY1
  • Minimum Deposit: $500

Considerations

  • Suitable for investors looking for a balance between a competitive return and a moderate investment horizon.

Pros & Cons

ProsCons
Tiered rates for higher balancesLower balance yields less interest

3-Year CD

  • APY: 3.50% APY1
  • Minimum Deposit: $500

Considerations

  • The three-year term provides a more extended period for capital to grow at a competitive rate.

Pros & Cons

ProsCons
Flexible, accessible savingsLimited potential compared to CDs

4-Year CD

  • APY: 3.00% APY1
  • Minimum Deposit: $500

Considerations

  • The four-year term provides a stable, competitive yield for a more patient investor.

Pros & Cons

ProsCons
Competitive 3.00% APYLonger commitment than 3-year option

Are S & T Bank CD Rates Competitive?

The CD effectively offers a competitive edge in the market. It has been characterized by attractive Annual Percentage Yields across various term lengths.

The 6-month, 1-year, 2-year, 3-year, and 4-year CDs showcase APYs ranging from 3.00% to 4.25%, each providing a robust return on investment relative to their respective durations.

The tiered APY structure of the Consumer Money Market further enhances competitiveness, rewarding higher balances with an impressive 2.00% APY. Notably, the lower minimum deposit requirements, ranging from $500 to $1,000, contribute to accessibility for a diverse range of investors.

This blend of competitive APYs, varied term lengths, and accommodating deposit thresholds positions these CD offerings as compelling choices for individuals seeking a balance between yield, flexibility, and commitment in their investment strategy.

How do S & T Bank CD Rates Compare?

Here is a table comparing the CD options with some other competitive options;

BankTerm LengthAPY*Minimum Opening Deposit
BMO Alto12 months5.65%$500
MYSB Direct12 months5.30%$1,000
First Internet Bank12 months5.35%$1,500
Bread Savings12 months5.50%$500

Among the 12-month CD options

  • BMO Alto stands out with the highest APY of 5.65% and a relatively low minimum opening deposit of $500, making it an attractive choice for investors looking for competitive returns with a lower entry threshold.
  • Bread Savings also offers a compelling option with a 5.50% APY and a $500 minimum opening deposit.
  • While First Internet Bank presents a respectable 5.35% APY, it requires a higher minimum deposit of $1,500. MYSB Direct, with a 5.30% APY and a $1,000 minimum deposit, provides a competitive rate but falls slightly behind BMO Alto and Bread Savings in terms of return and accessibility.

Overall, the comparison underscores the importance of considering both the interest rate and the minimum deposit requirement when selecting a 12-month CD, and BMO Alto and Bread Savings emerge as particularly noteworthy options in this context.

Overview S & T Bank 

Here is what their current CEO, Todd D. Brice has to say about his S&T Bank:

Our mission calls for us to build relationships rooted in excellent performance and long-standing trust. We endeavor to be a reliable resource, a family advisor, a financial anchor, and a source of civic pride. Founded in 1902, S&T Bank provides a full range of financial services to families and businesses across our Pennsylvania, Ohio, and New York footprint.

Recently, Forbes recognized S&T as one of the Best-In-State Banks and Credit Unions, naming S&T Bank as the second highest-rated bank in Pennsylvania – further confirming S&T’s ability to fulfill its mission of creating value for our customers and shareholders through consistent and outstanding financial performance. From the first time our company opened its doors as the “Savings & Trust Company of Indiana,” S&T has remained a dedicated community bank, working every single day to deliver service and value One Customer at a Time.

To access S&T Bank CD rates, you must be a member of S&T Bank. Joining the S&T Bank family does not take a lot of time and can be done either in person or on the phone. For more details, please check below:

  • By phone:
    • 724-349-1800
    • Toll-free: 800-325-2265
    • Fax: 724-465-6874
    • Please note these hours of operations: Monday through Friday from 7 am to 10 pm; Saturday from 8 am to 6 pm; and Sunday from 9 am to 5 pm.
    • Please note these are excluding holidays.
  • In-person: Please check out their available locations on their website.
  • By Email:
    • solutioncenter.service@stbank.com

Availability

In order to access S&T Bank CD rates, you must be a member of S&T Bank. Joining the S&T Bank family does not take a lot of time and can be done either in person or on the phone. For more details, please check below:

  • By phone:
    • 724-349-1800
    • Toll-free: 800-325-2265
    • Fax: 724-465-6874
    • Please note these hours of operations: Monday through Friday from 7 am to 10 pm; Saturday from 8 am to 6 pm; and Sunday from 9 am to 5 pm.
    • Please note these are excluding holidays.
  • In-person: Please check out their available locations on their website.
  • By Email:
    • solutioncenter.service@stbank.com

Locations S & T Bank

S&T Bank currently does not have any branches located in California.

Shyside, Saltsberg, Roxborough, Richland, Reynoldsville, Portage, Plum, Penn Township, Oregon Pike, O’Hara Township, New Cumberland, Murrysville, and Others.

Frequently Asked Questions

Can I have multiple CDs with different terms at S & T Bank?

Yes, you can have multiple Certificates of Deposit with different terms at S & T Bank. This allows you to create a CD ladder, diversifying your investments with varying maturities. Managing multiple CDs can offer flexibility in accessing funds at different intervals while taking advantage of the potential for higher interest rates on longer-term CDs.

What happens if the S & T Bank offering the CD goes out of business?

If the S & T Bank offering the Certificate of Deposit were to face financial difficulties, deposits, including CDs, are typically protected by FDIC insurance. The Federal Deposit Insurance Corporation insures deposits up to $250,000 per depositor, per bank. This insurance provides a safety net for CD investors in the event of bank failure.

Are there any special CDs for seniors or specific age groups?

S&T Bank offers special CD programs or rates targeted towards seniors or specific age groups. These CDs may come with unique features, such as preferential interest rates or flexible withdrawal options.