Certificates of deposit are popular among investors because they tend to offer higher interest rates than traditional savings accounts. However, not all CD rates are competitive with other deposit accounts.

Missouri Banking Rates compiles rates data from a database of over 3,000 banks and credit unions to bring you the most up-to-date CD rate information and help you find the best accounts.

The New Year is bringing high interest rates along with it. Don’t forget about your savings goals. Take advantage of the current CD rates in Missouri and invest in a certificate of deposit account. A certificate of deposit account is a great way to earn more money on your savings while maintaining a sense of security over your investment that the stock market can not offer.

Missouri Banking Rates has a database with over 3,000 banks and credit unions of which it filters through to locate the financial institutions with the top CD rate offers in your area.

How to Find the Highest CD Rates in Missouri

Knowing the average CD rates in Missouri will help you determine which financial institutions are offering the highest rates. The average CD rates this week include:

• 6-month CD: 0.66%
• One-year CD:0.97%
• Two-year CD:1.31%

Whether you’re looking for a short-term CD of only six months, or a longer investment period of one to two years, the interest rate you earn greatly determines whether you made a wise investment choice. Not all bank CD rates are competitive with the current national or state average, so thoroughly research your options before committing your funds to an account.

Average Missouri CD Rates

Currently, the average 6-month CD rate in Missouri is .76% APY. One and two year CDs are not a whole lot better at 1.08% APY and 1.43% APY, respectively. That doesn’t mean you can’t obtain a better interest rate on your certificate of deposit, though; you just have to know where to look.

Banks and Credit Unions with the Best Missouri CD Rates

The following are the top MO banks and credit unions offering the best CD rates in the state:

Many Missouri residents have asked whether signing up for the highest CD rate they can find is the best financial choice for them. The true answer depends on the individual. Finding the best Missouri CD rate can feel like an accomplishment in itself, but you need to be aware of a few things before signing up for the account.

During hard economic times, it’s difficult to think about saving when it seems like there isn’t enough from your paycheck to go around. But, you think about it nonetheless and know that you can improve your finances, cut costs, and save even a small amount each month. A Missouri CD account may be your best bet. Certificate of deposit accounts now offer extremely flexible deposit terms and low minimum deposit amounts. Most banks will allow you to open a CD with only $1,000. If you haven’t explored a CD in the past, here are the top 3 reasons they make the best investments.

Missouri, sometimes known as the Show-Me state, is a fantastic place to reside in provided you have the right funds to enjoy it. If you’re serious about wanting to save more money, an investment portfolio including the best Missouri CD rate you can find will be invaluable. These days, you can’t trust anyone to guarantee your retirement as Social Security and pensions are running out of funds. Saving and investing with discipline is your only chance of retiring on time, which is why you can’t afford not to have a Missouri CD account.

Finding the best CD rates takes a lot of precious time and effort. Missouri Banking Rates wants to do all that boring research and Internet surfing for you so that you can enjoy your free time. Once we’ve found it for you, a high CD or money market rate will give you peace of mind knowing that your financial future is looking more secure.

Missouri 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.

A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Missouri Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.