Best 5-Year CD Rates in St. Louis, Missouri, MO

You are viewing rates from banks across St. Louis

Below are 5-year CD Rates from banks that are located in St. Louis, { Missouri}. Five Year Certificates of Deposit (CD) are generally the longest term CD that most banks will offer. They tend to offer the highest rates but require the longest commitment. Five year CDs are especially popular in a declining interest rate environment as depositors can lock money in at the highest rate possible for the longest period of time. They are also popular with depositors who are willing to lock up money for five years in return for extra yield.

St. Louis, MO - November 24, 2024

5 Year CD National Average : 0.92% ^?

Banks	APY	MIN	MILES ^?
First Bank of the Lake	4.10%	$5,000	-	Learn More
Rate History: 3.50% → 4.00% → 4.15% → 4.10%
Richard \| Jun 10, 2021 I bank at this bank and they have the best people working there They all have a lot of knowledge and most all have been there a long time they do a great job and have the highest CD rates around Read More Reviews (4)
SULLIVAN BANK	3.55%	$1,000	-	Learn More Add Review
First Federal Bank of Kansas City	3.50%	$1,000	-	Learn More Add Review
Rate History: 2.02% → 3.50%
Montgomery Bank	3.20%	$1,000	-	Learn More Add Review
Rate History: 0.50% → 3.20%
FCB Banks	3.10%	$1,000	-	Learn More
Rate History: 2.85% → 3.10%
RS \| Feb 2, 2021 This bank's site shows the 15 mo rate at .45% Read More Reviews (1)
Phelps County Bank	2.52%	$1,000	-	Learn More
Rate History: 1.36% → 2.52%
Theresa \| Jun 25, 2019 can I cash my Progressive Insurance claim check Read More Reviews (1)
Capitol Federal Savings Bank	2.50%	$1,000	-	Learn More
Rate History: 3.50% → 2.50% → 3.50% → 2.50%
JtAlmond \| Jun 21, 2022 The new rates have eclipsed shat i currently hold with this bank. Read More Reviews (1)
Security Bank of Kansas City	2.02%	$500	-	Learn More
Rate History: 1.26% → 2.02%
ccass \| Sep 13, 2021 On September 13th, 2021. I called “SBOK” to verify if the account number matches the business name that is on the check I’ve received. I spoke with a supervisor named Brenda Jones. Brenda informed me... Read More Reviews (1)
Kahoka State Bank	1.77%	$10,000	-	Learn More Add Review
Paramount Bank	1.70%	$1,000	-	Learn More
Rate History: 1.70% → 1.70%
Old Man Bob \| Apr 20, 2023 This is a true blue community bank. When you call you get people that are able to take action and make decisions. Customer service is number 1. Works great for CDs. They have a nice stand alone buildin... Read More Reviews (5)
BOKF, National Association	1.55%	$100,000	-	Learn More
Aku \| May 29, 2020 Dua Read More Reviews (1)
Systematic Savings Bank	1.53%	$10,000	-	Learn More Add Review
State Bank of Missouri	1.51%	$500	-	Learn More Add Review
Citizens Bank	1.51%	$500	-	Learn More Add Review
Independent Farmers Bank	1.51%	$10,000	-	Learn More Add Review
Putnam County State Bank	1.51%	$100,000	-	Learn More Add Review
FMB Bank	1.51%	$10,000	-	Learn More Add Review
Adrian Bank	1.51%	$10,000	-	Learn More Add Review
Commercial Bank	1.51%	$10,000	-	Learn More Add Review
Springfield First Community Bank	1.51%	$10,000	-	Learn More Add Review
Alton Bank	1.51%	$100,000	-	Learn More Add Review
Great American Bank	1.50%	$1,000	-	Learn More Add Review
United Bank of Union	1.50%	$10,000	-	Learn More Add Review
Bank of Monticello	1.46%	$100,000	-	Learn More Add Review
Silex Banking Company	1.46%	$10,000	-	Learn More Add Review
Community First Bank	1.45%	$10,000	-	Learn More Add Review
Exchange Bank of Northeast Missouri	1.41%	$500	-	Learn More Add Review
Country Club Bank	1.41%	$50,000	-	Learn More
Watson1895 \| Feb 9, 2019 Can I order new checks online? Read More Reviews (1)
Commercial Trust Company of Fayette	1.41%	$100,000	-	Learn More Add Review
Montrose Savings Bank	1.41%	$500	-	Learn More Add Review
Bank Northwest	1.40%	$10,000	-	Learn More Add Review
Freedom Bank of Southern Missouri	1.40%	$10,000	-	Learn More Add Review
BMO Bank National Association	1.35%	$1,000	-	Learn More
Rate History: 0.25% → 1.35% → 4.00% → 1.35%
Beenthere \| Jan 29, 2024 Tried to enter information on line to open a 5 year CD, multiple time and wasn't accepted. Talked to a live person who was of no help at all. My credit score is over 800 and I have plenty of money in oth... Read More Reviews (9)
St. Louis Bank	1.35%	$10,000	-	Learn More Add Review
Community State Bank	1.31%	$100,000	-	Learn More Add Review
Country Club Bank	1.31%	$10,000	-	Learn More
Watson1895 \| Feb 9, 2019 Can I order new checks online? Read More Reviews (1)
Bank of Springfield	1.31%	$10,000	-	Learn More Add Review
Bank of Crocker	1.30%	$2,500	-	Learn More Add Review
Citizens Bank of Newburg	1.29%	$10,000	-	Learn More Add Review
Community State Bank of Missouri	1.26%	$500	-	Learn More Add Review
O'Bannon Banking Company	1.26%	$1,000	-	Learn More
Jay \| Dec 8, 2016 Not a handicap friendly bank at main office. Customers must walk long distance to reach teller windows far from entrance. CD rates could be improved. Putman County Bank has 1 percent better on larger... Read More Reviews (1)
Putnam County State Bank	1.26%	$10,000	-	Learn More Add Review
Bank of Monticello	1.26%	$10,000	-	Learn More Add Review
Peoples Bank of Wyaconda, Missouri	1.26%	$10,000	-	Learn More Add Review
F&M Bank and Trust Company	1.26%	$10,000	-	Learn More Add Review
Commercial Trust Company of Fayette	1.26%	$10,000	-	Learn More Add Review
Alton Bank	1.26%	$10,000	-	Learn More Add Review
NEW FRONTIER BANK	1.25%	$10,000	-	Learn More Add Review
MRV Banks	1.25%	$10,000	-	Learn More Add Review
People's Bank of Seneca	1.25%	$10,000	-	Learn More Add Review
West Plains Savings and Loan Association	1.25%	$10,000	-	Learn More Add Review
Citizens' Bank of Charleston	1.21%	$100,000	-	Learn More Add Review
Regional Missouri Bank	1.21%	$100,000	-	Learn More Add Review
Peoples National Bank , N.A.	1.21%	$100,000	-	Learn More Add Review
Security Bank of the Ozarks	1.21%	$10,000	-	Learn More Add Review
Alliant Bank	1.20%	$500	-	Learn More Add Review
Heritage Community Bank	1.20%	$1,000	-	Learn More Add Review
The Bank of Orrick	1.20%	$10,000	-	Learn More
bankalchemist \| May 29, 2018 First this is a centurion bank. It’s done something right for over 100 yrs. Through the Great Depression & Recent Recessions which says a lot. They stick to what they know and do best Ag lending. They ar... Read More Reviews (1)
Citizens Community Bank	1.20%	$10,000	-	Learn More Add Review
American Bank of Missouri	1.20%	$10,000	-	Learn More
Gloria Bossman \| Aug 14, 2020 At your Rock Hill location, I feel you are not committed to the safety of your customers as you say on your web site. Why aren't your employees wearing masks? Why do they let patrons enter without a mask... Read More Reviews (1)
The Citizens-Farmers Bank of Cole Camp	1.20%	$10,000	-	Learn More Add Review
Sterling Bank	1.20%	$10,000	-	Learn More
Al \| Sep 26, 2016 I think the specials have ended. can you double check? Read More Reviews (1)
Tri-County Trust Company	1.16%	$10,000	-	Learn More Add Review
Progressive Ozark Bank	1.16%	$10,000	-	Learn More Add Review
Branson Bank	1.16%	$10,000	-	Learn More Add Review
First State Bank of Purdy	1.16%	$10,000	-	Learn More Add Review
Farmers Bank of Northern Missouri	1.15%	$10,000	-	Learn More Add Review
BTC Bank	1.15%	$10,000	-	Learn More Add Review
Oakstar Bank	1.15%	$10,000	-	Learn More
J D \| Jun 12, 2024 I entrusted my Life Savings to this bank and they closed my accounts because I asked an honest question about an overcharge I noticed in my statement records. I mistakenly believed I could ask a simple ... Read More Reviews (1)
First Mid Bank & Trust, National Association	1.15%	$1,000	-	Learn More Add Review
Farmers State Bank, S/B	1.15%	$10,000	-	Learn More Add Review
Bank of Salem	1.15%	$100,000	-	Learn More Add Review
Century Bank of the Ozarks	1.11%	$1,000	-	Learn More Add Review
Peoples Savings Bank of Rhineland	1.11%	$1,000	-	Learn More Add Review
Peoples Bank & Trust Co.	1.11%	$10,000	-	Learn More Add Review
Bank of Franklin County	1.11%	$10,000	-	Learn More Add Review
Community Point Bank	1.11%	$10,000	-	Learn More Add Review
Peoples National Bank , N.A.	1.11%	$10,000	-	Learn More Add Review
Citizens' Bank of Charleston	1.10%	$1,000	-	Learn More Add Review
Wells Bank	1.10%	$10,000	-	Learn More Add Review
Macon-Atlanta State Bank	1.10%	$10,000	-	Learn More Add Review
Bank 21	1.10%	$10,000	-	Learn More Add Review
Blue Ridge Bank and Trust Co.	1.10%	$10,000	-	Learn More
Rustam \| Jul 23, 2022 Is American Trust Letter this bank's service platform or scammers' website? I was charged by first 150 USD, then 10% to withdraw money there. Website is www.americantrustletter.com Read More Reviews (1)
Community Bank of Marshall	1.10%	$10,000	-	Learn More Add Review
Southern Bank	1.10%	$100,000	-	Learn More Add Review
Southwest Missouri Bank	1.10%	$10,000	-	Learn More Add Review
HomePride Bank	1.10%	$500	-	Learn More Add Review
The Seymour Bank	1.10%	$10,000	-	Learn More Add Review
Table Rock Community Bank	1.10%	$10,000	-	Learn More Add Review
West Plains Bank and Trust Company	1.10%	$100,000	-	Learn More Add Review
Senath State Bank	1.10%	$10,000	-	Learn More Add Review
Community State Bank	1.06%	$10,000	-	Learn More Add Review
Citizens Bank & Trust	1.05%	$100,000	-	Learn More Add Review
Regional Missouri Bank	1.05%	$10,000	-	Learn More Add Review
The Bank of Old Monroe	1.05%	$10,000	-	Learn More Add Review
Bank of Salem	1.05%	$1,000	-	Learn More Add Review
West Plains Bank and Trust Company	1.05%	$10,000	-	Learn More Add Review
The Missouri Bank	1.01%	$10,000	-	Learn More Add Review
Bank of Weston	1.00%	$1	-	Learn More Add Review
Carroll County Trust Company of Carrollton, Missouri	1.00%	$500	-	Learn More Add Review
HNB National Bank	1.00%	$10,000	-	Learn More
Richard \| Jul 8, 2020 This rate is wrong I called the bank they do not have this rate cash cow needs to do a better job updating these rates this is not the first time Read More Reviews (1)
First Security Bank	1.00%	$10,000	-	Learn More Add Review
The Hamilton Bank	1.00%	$100,000	-	Learn More
Petros Achilleos \| Mar 29, 2022 Avoid working with this bank. You will have hard times, getting your money. We spent 3k to open an account, we deposited and fighting for 3 months to get them back after we hired a lawyer. Read More Reviews (1)
Ozarks Federal Savings and Loan Association	1.00%	$10,000	-	Learn More Add Review
America's Community Bank	1.00%	$10,000	-	Learn More Add Review
The Bank of Advance	1.00%	$10,000	-	Learn More Add Review
1st Advantage Bank	1.00%	$10,000	-	Learn More Add Review
The Maries County Bank	1.00%	$10,000	-	Learn More Add Review
Farmers and Merchants Bank of St. Clair	1.00%	$10,000	-	Learn More Add Review
Triad Bank	1.00%	$10,000	-	Learn More Add Review
Southern Bank	1.00%	$10,000	-	Learn More Add Review
Peoples Community Bank	1.00%	$10,000	-	Learn More Add Review
The Callaway Bank	0.99%	$100,000	-	Learn More Add Review
The Nodaway Valley Bank	0.95%	$500	-	Learn More Add Review
Farmers State Bank	0.95%	$100	-	Learn More Add Review
United Security Bank	0.95%	$10,000	-	Learn More Add Review
Midland States Bank	0.95%	$10,000	-	Learn More
Mikki9678 \| Nov 3, 2021 If anyone is considering using Midland States Bank for estate or trust planning and administration, I’d urge you to be careful and do your due diligence. I’ll first say that I am a CPA with experience ... Read More Reviews (2)
Bank of Iberia	0.95%	$10,000	-	Learn More Add Review
Stifel Bank	0.95%	$10,000	-	Learn More Add Review
Town & Country Bank	0.95%	$10,000	-	Learn More Add Review
Community First Banking Company	0.95%	$1,000	-	Learn More Add Review
Citizens Bank & Trust	0.90%	$10,000	-	Learn More Add Review
United State Bank	0.90%	$10,000	-	Learn More Add Review
HomeBank	0.90%	$10,000	-	Learn More Add Review
Community Bank of Missouri	0.90%	$10,000	-	Learn More Add Review
Liberty Bank and Trust Company	0.90%	$10,000	-	Learn More Add Review
The Corner Stone Bank	0.90%	$10,000	-	Learn More Add Review
The Callaway Bank	0.89%	$10,000	-	Learn More Add Review
Pony Express Bank	0.85%	$10,000	-	Learn More Add Review
Bank of New Cambria	0.85%	$10,000	-	Learn More Add Review
Lead Bank	0.85%	$10,000	-	Learn More Add Review
First State Bank of St. Charles, Missouri	0.85%	$10,000	-	Learn More Add Review
Lamar Bank and Trust Company	0.85%	$10,000	-	Learn More Add Review
Ozark Bank	0.85%	$10,000	-	Learn More Add Review
First Midwest Bank of Poplar Bluff	0.85%	$10,000	-	Learn More Add Review
First Missouri State Bank	0.85%	$10,000	-	Learn More Add Review
The Bank of Missouri	0.81%	$10,000	-	Learn More Add Review
Bank of Brookfield - Purdin, National Association	0.80%	$500	-	Learn More Add Review
NBH Bank	0.80%	$10,000	-	Learn More Add Review
Academy Bank, National Association	0.80%	$10,000	-	Learn More
Fran1 \| Feb 4, 2020 Academy was great helping me open a new account Read More Reviews (5)
The Hamilton Bank	0.80%	$10,000	-	Learn More
Petros Achilleos \| Mar 29, 2022 Avoid working with this bank. You will have hard times, getting your money. We spent 3k to open an account, we deposited and fighting for 3 months to get them back after we hired a lawyer. Read More Reviews (1)
First Missouri Bank	0.80%	$10,000	-	Learn More Add Review
Wood & Huston Bank	0.80%	$1,000	-	Learn More Add Review
First Midwest Bank of Poplar Bluff	0.80%	$10,000	-	Learn More Add Review
Edward Jones Trust Company	0.80%	$10,000	-	Learn More Add Review
Investors Community Bank	0.75%	$10,000	-	Learn More Add Review
F & C Bank	0.75%	$50,000	-	Learn More Add Review
Farmers Bank of Lohman, Missouri	0.75%	$500	-	Learn More Add Review
Peoples Bank of Moniteau County	0.75%	$500	-	Learn More Add Review
Central Bank of Kansas City	0.75%	$10,000	-	Learn More Add Review
The Tipton Latham Bank, National Association	0.75%	$10,000	-	Learn More Add Review
Jonesburg State Bank	0.75%	$10,000	-	Learn More Add Review
Midwest BankCentre	0.75%	$10,000	-	Learn More
Pdrake12 \| Jul 6, 2021 The staff at Midwest BankCentre is exceptional at making you feel like you belong to an institution much higher than simply a place to keep your money and bank. They really focus on making you feel like f... Read More Reviews (2)
Mid-Missouri Bank	0.75%	$10,000	-	Learn More Add Review
First Community Bank	0.75%	$10,000	-	Learn More Add Review
First Midwest Bank of Dexter	0.75%	$10,000	-	Learn More Add Review
First Missouri Bank of SEMO	0.75%	$10,000	-	Learn More Add Review
Bank of New Madrid	0.75%	$10,000	-	Learn More Add Review
HNB National Bank	0.70%	$10,000	-	Learn More
Richard \| Jul 8, 2020 This rate is wrong I called the bank they do not have this rate cash cow needs to do a better job updating these rates this is not the first time Read More Reviews (1)
First Missouri Bank	0.70%	$10,000	-	Learn More Add Review
Goppert Financial Bank	0.70%	$10,000	-	Learn More Add Review
Mid America Bank	0.70%	$10,000	-	Learn More Add Review
First Community National Bank	0.70%	$10,000	-	Learn More Add Review
Metz Banking Company	0.70%	$1,000	-	Learn More Add Review
Community Bank of El Dorado Springs	0.70%	$10,000	-	Learn More Add Review
Omb Bank	0.70%	$1,000	-	Learn More Add Review
Great Southern Bank	0.65%	$250	-	Learn More Add Review
CIBC Bank USA	0.65%	$100,000	-	Learn More
me \| Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More Reviews (6)
First State Bank and Trust Company, Inc.	0.65%	$10,000	-	Learn More Add Review
F & C Bank	0.60%	$2,500	-	Learn More Add Review
The Central Trust Bank	0.60%	$100,000	-	Learn More Add Review
Kearney Trust Company	0.60%	$10,000	-	Learn More Add Review
CIBC Bank USA	0.60%	$10,000	-	Learn More
me \| Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More Reviews (6)
Armed Forces Bank, National Association	0.60%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Kennett Trust Bank	0.60%	$10,000	-	Learn More Add Review
The Central Trust Bank	0.55%	$1,000	-	Learn More Add Review
County Bank	0.55%	$10,000	-	Learn More Add Review
Peoples Bank	0.53%	$100,000	-	Learn More Add Review
Clay County Savings Bank	0.51%	$100,000	-	Learn More Add Review
First Bank	0.50%	$1,000	-	Learn More Add Review
NBKC Bank	0.50%	$1	-	Learn More Add Review
TPNB Bank	0.50%	$10,000	-	Learn More Add Review
St. Johns Bank and Trust Company	0.50%	$10,000	-	Learn More Add Review
Carrollton Bank	0.50%	$10,000	-	Learn More Add Review
Legacy Bank & Trust Company	0.50%	$10,000	-	Learn More Add Review
Midwest Regional Bank	0.50%	$1,000	-	Learn More
Hey Man wildwood \| Aug 31, 2018 Awesome bank...great rates, no on line access only paper quarterly statements Read More Reviews (1)
The First National Bank of Nevada, Missouri	0.50%	$10,000	-	Learn More Add Review
First Midwest Bank of Dexter	0.50%	$10,000	-	Learn More Add Review
Hawthorn Bank	0.45%	$10,000	-	Learn More
mike \| Apr 5, 2023 horrid bank with incompetent and rude staff that treat you like a problem for wanting to do banking business. As if doing there job in a problem you caused instead of a customer to be served. closed my acc... Read More Reviews (3)
Peoples Bank	0.43%	$10,000	-	Learn More Add Review
Clay County Savings Bank	0.41%	$10,000	-	Learn More Add Review
The Bank of Versailles	0.40%	$10,000	-	Learn More Add Review
Peoples Bank of Altenburg	0.40%	$10,000	-	Learn More Add Review
U.S. Bank National Association	0.40% 0.25%	$1,000 $500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
UMB Bank, National Association	0.35%	$10,000	-	Learn More
RS \| Jun 1, 2020 UMB does not honor the rate posted here! Read More Reviews (2)
County Bank	0.35%	$10,000	-	Learn More Add Review
Commerce Bank	0.30%	$10,000	-	Learn More Add Review
Equity Bank	0.25%	$1,000	-	Learn More Add Review
Banterra Bank	0.25%	$10,000	-	Learn More Add Review
Hawthorn Bank	0.20%	$10,000	-	Learn More
mike \| Apr 5, 2023 horrid bank with incompetent and rude staff that treat you like a problem for wanting to do banking business. As if doing there job in a problem you caused instead of a customer to be served. closed my acc... Read More Reviews (3)
Cass Commercial Bank	0.15%	$10,000	-	Learn More Add Review
First-Citizens Bank & Trust Company	0.15%	$500	-	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)
Regions Bank	0.05% 0.01%	$2,501 $2,500	-	Learn More Add Review
Rate History: 0.03% → 0.05%
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association	0.03%	$100,000	-	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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PRODUCT INFORMATION

Five Year CDs - Branch Banks 2024

Five-year CDs are the big kahuna of the CD world. While banks may offer six-year, seven-year, or even 10-year CDs, the five-year is the longest of the most commonly offered terms. The 5-year CD is therefore often the highest offer at your local bank. Therefore, the temptation for those looking for yield is to open one, deposit money, and forget about it for five years. This could be a mistake. In rising rate environments a five-year CD may not be a good investment.

Safety

Like every other CD term, five year CDs from FDIC insured banks are protected up to FDIC limits (generally $250,000 per account holder per bank). If your deposit is over the FDIC limit then you may not receive the uninsured money in case of a bank failure.

Inflation

The principle threat to a a five year CD is inflation. If the CD is opened in a low rate environment, and rates and inflation subsequently rise, then inflation will erode the value of the certificate of deposit over its five years. For example, if a depositor opened a five year CD in year 1 with a yield of 2.05% APY and inflation at 1.5%, then the real return is .55 percentage points. But if inflation rises the next year to 2.5% and stays there for the next four years, then the CD in real terms is losing money every year: 2.05% - 2.5% = -.45%.

While it is impossible for anyone to predict too far into the future, savers should be cognizant of the economic environment before locking up money for a five year time-period. Our rate analysis page provides some insight into where we think rates will go.

On the other hand, if rates are falling and will continue to do so for some time due to an economic recession then it makes sense to lock in a higher rate with a five year CD. Savers who opened five year CDs in 2008 immediately after the financial crisis were able to lock in rates in the 6% range, a great move considering two years later a five year CD paid below 3%.

Interest

Five-year CDs currently pay about 1.00% more in interest than a one year CD. In general, CDs of this duration are best opened as part of a laddered CD portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years.

Opening a Five Year CD

Opening a five year CD in a branch is relatively easy and similar to every other CD term. Most banks require the customer be a resident of the United States and most branch-based banks ask that the account be opened in the bank. Funding can be performed by transferring money that is already located at that bank or by check or ACH transfer from another bank. The CD can be opened that day and the rate locked.

With longer term CDs, savers should make sure they put a record of the CD in a safe place and that if they move, they forward their new address to the bank. In cases where the bank cannot find the CD holder, the bank may hand the funds over to a state authority as a lost deposit, and it will require onerous paperwork to reclaim the money.

ADVANTAGES AND DISADVANTAGES OF FIVE YEAR CDs

Advantages of five year CDs

5 year CDs provide the highest rate of the common CD terms.
The return is fixed for five years, which is an advantage in a flat or falling rate environment.

Disadvantages of five year CDs

The money is locked away for five years and cannot be withdrawn without a substantial penalty.
In a rising rate environment, inflation will reduce the value of the money in the CD over time.
Branch CDs require the saver to visit a branch and be subjected to cross-sell pitches and other marketing tactics.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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St. Louis, Missouri CD Rates – 5-Year

PRODUCT INFORMATION

Five Year CDs - Branch Banks 2024

Safety

Inflation

Interest

Opening a Five Year CD

ADVANTAGES AND DISADVANTAGES OF FIVE YEAR CDs

Advantages of five year CDs

Disadvantages of five year CDs

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