St. Louis CD Rates Survey for the week May 21, 2012

Written by: InTheKnowFinance Staff

According to a recent Primerates.com survey conducted on May 21, 2012 of St. Louis CD rates offered by the area banks & credit unions, St. Louis’ largest financial institutions offered short-term savers 6-month CD’s with rates between 0.05% at U.S. Bank (www.usbank.com), and 0.30% at Bank of America (www.bankofamerica.com). Meanwhile, the highest 2-year and 5-year CDs were offered by Reliance Bank (www.reliancebankstl.com), with rates of 0.65% and 1.35% respectively.

CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.

 

Banks 6 month 1 year 2 year 3 year 4 year 5 year
U.S. Bank 0.05% 0.10% 0.40% 0.55% 0.80% 1.15%
Bank of America 0.30% 0.35% 0.40% 0.60% 0.85% 1.21%
Commerce Bank 0.20% 0.30% 0.45% 0.55% 0.60% 0.65%
M&I Marshall and Ilsley Bank 0.05% 0.15% 0.35% 0.50% 0.70% 1.05%
PNC Bank 0.10% 0.20% 0.35% 0.40% 0.75% 1.00%
The Bank of Edwardsville 0.20% 0.40% 0.60% 0.75% 1.10% 1.25%
First National Bank of St. Louis 0.15% 0.30% 0.45% 0.70% 1.00% 1.20%
Reliance Bank 0.25% 0.40% 0.65% 0.90% 1.10% 1.35%

 

Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.


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St. Louis CD Rates Survey for the week May 21,...

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