Missouri CD Rates for June 12, 2009 from SelectCDrates.com

PR Log (Press Release) – Jun 17, 2009 – The Show Me State displayed some moderate gains on the average for the best CD rates for the week ending June 12, 2009.  The average of the best six month CD rates in Missouri rose by three basis points or 3/100 of a percent to end the week at 2.22%.  Missouri CD rates with a one year term remained constant with an average of 2.40%.  Five year CD rates in Missouri gained eight basis points moving from3.53% to 3.61% for the week.  The two year CD rates ran in the other direction and stumbled ten basis points down to 2.77%.

The best six month CD rate in Missouri comes out of St. Louis Bank with an interest rate of 2.30%.  Following this rate is a nine month term CD that has a rate of 2.27% and is the product of Hometown Bank.  Only one basis point lower is an odd term, seven month CD of Community Bank that yields 2.26%.  

In the one year CD rate category the highest bank rate is at 2.52% available at Community Bank.  Pulaski Bank follows with a CD rate of 2.50% but this rate is only available on an extended 19 month term.  Rates drop measurably at this point with the next best rate resting at 2.35%.  The 2.35% rate is available three banks; BTC Bank, Fifth Third Bank and Hillcrest Bank.

The best two year CD rates are sufficiently high enough in Missouri to redeem the miserable showing in the one year term category.  The best two year CD rate is offered by Pulaski Bank at 3.20%, well above the best national rate of 2.87%.  First Commercial Bank has an equally impressive CD product that has an interest rate of 3.15% with a 30 month maturity.  BTC Bank follows with two year CD falling under the best national rate with an interest rate of 2.65%.

The best five year CD rate comes from the nation’s sixth largest bank, US Bank.  US Bank recently raised the rate they offer on their promotional 59 month CD to 4.00% to lead the state.  The Paris National Bank offers the next best rate at 3.78% on a four year term.  Rounding out the top three bank rates is First Community Bank’s 3.63% five year CD.

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