Saint Louis CD Rates vs. National CD Rates

Banking locally can be a great feeling, especially because you know that Saint Louis CD rates can be high and also because you’re helping out a local business. But before you become too loyal to your local Saint Louis bank or credit union, be sure to check out national offerings as well to see how your CD account rates stack up to the competition.

Local banks generally offer higher CD rates due to lower overhead costs and savings that will be repaid to customers, and they are willing to market themselves more aggressively to earn your business. However, there are just some things a local bank may be lacking that larger banks can provide. You must decide for yourself whether or not the highest rate is the best rate for your individual circumstances. Don’t forget that you will also have to take into account the amount of time you won’t have access to your money.

Use our CD rates comparison chart to see just how high rates are across the nation, and decide for yourself whether you should open a local CD account or bank with a larger institution.

Current Saint Louis CD Rates News

 

Best Saint Louis CD Account Rates

Featured RateBank / Credit UnionAccount Type
1.80%
As of August 30, 2010

View Rate Details
Discover Bank
Discover Bank
CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)Bank / Credit UnionAccount Type
1.61%
As of September 1, 2010
View Rate Details Southern Illinois Area Credit UnionCD Account
1.61%
As of September 1, 2010
View Rate Details Cornerstone Bank & Trust, National AssociationCD Account
1.60%
As of August 25, 2010
View Rate Details Home Federal Savings and Loan Association of CollinsvilleCD Account
1.56%
As of August 27, 2010
View Rate Details Peoples Bank Co. MissouriCD Account
1.54%
As of August 25, 2010
View Rate Details State Employees Credit Union - IllinoisCD Account
1.51%
As of September 2, 2010
View Rate Details Citizens State Bank of ShipmanCD Account
Bank / Account TypeRate ChangeDate
 First National Bank of St. Louis - 2 Year CD Account1.15% to 1.00%Sep 2, 2010
 First National Bank of St. Louis - 12 Month CD Account0.65% to 0.60%Sep 2, 2010
 First National Bank of St. Louis - 6 Month CD Account0.60% to 0.45%Sep 2, 2010
 Community First Bank Fairview Heights, IL - 2 Year CD Account1.40% to 1.30%Sep 2, 2010
 Community First Bank Fairview Heights, IL - 12 Month CD Account1.00% to 0.90%Sep 2, 2010
 Community First Bank Fairview Heights, IL - 6 Month CD Account0.75% to 0.65%Sep 2, 2010
 

CD Rates When Other Rates are Falling

When you rebalance your financial portfolio over the last few years, you may notice that your Saint Louis CD accounts consistently provide you with a great interest rate of return despite a decline in other investments. That’s because CDs are truly a one of a kind investment tool – there is no risk, and great rewards to be had. Can you name an investment that can offer that type of guarantee?

Even high yield savings and checking accounts cannot provide the returns that you can realize with a CD. The only difference is that you will not have access to your money, but you should already have a dedicated emergency fund and sizeable savings before you ever start investing. CDs are a great way to balance out your investments, and they can help hedge the risks you’re taking with more aggressive investment types.

Open a CD account today and you’ll be celebrating how much interest you’ve been missing out on in the past.

Saint Louis CD Rates: How to Find the Best

Finding the best CD rate Saint Louis has to offer will be a rewarding experience, and it’s especially easy thanks to Saint Louis Banking Rates. Our CD rate comparison chart will allow you to find the top rate in your area of Saint Louis by zip code. You can also feel free to compare those rates with the best certificate of deposit offerings from online and national banks.

Of course, if you prefer to bank locally in Saint Louis, you are helping out a local business. But if your objective is to maximize your deposit returns, it is advisable to continue comparing CD account rates across the country. You’ve made a great decision in choosing to invest in a CD account. Investing and saving diligently are the only ways you can truly experience financial stability and freedom as you get closer to retirement.

Start investing in a CD today and see just how much more your money could be earning for you.

Saint Louis CD Rates

Putting money into your 401k is a great way to ensure a safe and secure retirement, of course, but other ways can make your money grow faster. To find them, contact us at St. Louis Banking Rates. We could find you the best CD rates and money market rates available.

Get Best Rates

The right IRA interest rates can be hard to find. With so many options out there, they’re frustratingly complicated and hard to understand. By letting St. Louis Banking Rates do all the legwork for you, you’ll be able to pick and choose and know exactly what you’re doing.

Best CD Rates, IRAs and Investments in Saint Louis

Saint Louis Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.

Many local Saint Louis credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Saint Louis Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

More From Our Partners

Check Rates in These Cities Near Saint Louis:

Serving the Following Saint Louis Zip Codes:

SpringfieldBransonKansas City
63101 63102 63103 63104 63105 63106 63107 63108 63109 63110 63111 63112 63113 63114 63115 63116 63117 63118 63119 63120 63121 63122 63123 63124 63125 63126 63127 63128 63129 63130 63131 63132 63133 63134 63135 63136 63137 63138 63139 63140 63141 63143 63144 63145 63146 63147 63150 63151 63155 63156 63157 63158 63160 63163 63164 63166 63167 63169 63171 63177 63178 63179 63180 63182 63188 63190 63195 63196 63197 63198 63199

Other Saint Louis Specials: Saint Louis Insurance Rates