S & T Bank CD Rates
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% APY
- 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
| Pros | Cons |
| 4.25% APY1 | Limited investment horizon |
1-Year CD
- APY: 4.00% APY
- Minimum Deposit: $500
Considerations
- The lower minimum deposit makes it attractive to investors with smaller amounts to invest.
Pros & Cons
| Pros | Cons |
| Low minimum deposit ($500) | Moderate minimum deposit |
2-Year CD
- APY: 3.50% APY
- Minimum Deposit: $500
Considerations
- Suitable for investors looking for a balance between a competitive return and a moderate investment horizon.
Pros & Cons
| Pros | Cons |
| Tiered rates for higher balances | Lower balance yields less interest |
3-Year CD
- APY: 3.25% APY
- Minimum Deposit: $500
Considerations
- The three-year term provides a more extended period for capital to grow at a competitive rate.
Pros & Cons
| Pros | Cons |
| Flexible, accessible savings | Limited potential compared to CDs |
4-Year CD
- APY: 3.00% APY
- Minimum Deposit: $500
Considerations
- The four-year term provides a stable, competitive yield for a more patient investor.
Pros & Cons
| Pros | Cons |
| Competitive 3.00% APY | Longer 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;
| Bank | Term Length | APY* | Minimum Opening Deposit |
| BMO Alto | 12 months | 5.15% | $0 |
| MYSB Direct | 12 months | 5.25% | $500 |
| First Internet Bank | 12 months | 5.24% | $1,000 |
| Bread Savings | 12 months | 5.35% | $1,500 |
Among the 12-month CD options
- Bread Savings offers a compelling option with a 5.35% APY and a $1,500 minimum opening deposit.
- While BMO Alto offers a lower APY of 5.15%, their $0 minimum opening deposit is very attractive for many investors.
- Additionally, MYSB Direct offers a respectable 5.25% APY with a low minimum opening deposit of $500.
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
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.
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.
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.