Image Courtesy: pixabay.com
Image Courtesy: pixabay.com
You are viewing rates from banks across Kansas City
Below are the best one-year CD Rates from banks in Kansas City, Missouri. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.
Kansas City, MO - November 23, 2024
1 Year CD National Average : 0.55% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.30% 4.25% |
$95,000 $10,000 |
- |
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Rate History: 5.10% → 4.80% → 4.30% |
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4.00% |
$1,000 |
- |
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Rate History: 5.00% → 5.15% → 5.10% → 4.80% → 4.00% |
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JtAlmond | Jun 21, 2022 The new rates have eclipsed shat i currently hold with this bank. Read More |
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3.75% |
$100,000 |
- |
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Rate History: 3.51% → 0.03% → 3.75% → 4.25% → 3.75% |
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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 |
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2.02% |
$1,000 |
- |
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2.00% |
$1,000 |
- |
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Rate History: 0.05% → 2.00% → 4.65% → 2.00% |
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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 |
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0.75% |
$10,000 |
5.23 |
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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 |
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0.70% |
$500 |
- |
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Rate History: 3.29% → 0.70% |
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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 |
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0.70% |
$50,000 |
3.74 |
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Watson1895 | Feb 9, 2019 Can I order new checks online? Read More |
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0.65% |
$500 |
23.35 |
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0.60% |
$10,000 |
3.74 |
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Watson1895 | Feb 9, 2019 Can I order new checks online? Read More |
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0.60% |
$10,000 |
10.58 |
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Fran1 | Feb 4, 2020 Academy was great helping me open a new account Read More |
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0.60% |
$10,000 |
19.10 |
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0.50% |
$1,000 |
3.32 |
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0.50% |
$10,000 |
12.89 |
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0.50% |
$10,000 |
2.93 |
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0.50% |
$1 |
19.19 |
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0.50% |
$10,000 |
12.31 |
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0.50% |
$10,000 |
9.57 |
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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 |
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0.50% |
$10,000 |
18.07 |
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0.40% |
$10,000 |
20.79 |
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0.40% |
$10,000 |
18.42 |
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0.40% |
$10,000 |
2.93 |
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0.35% |
$10,000 |
21.11 |
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0.31% |
$10,000 |
4.50 |
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0.30% |
$10,000 |
2.46 |
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0.30% |
$10,000 |
7.92 |
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0.30% |
$10,000 |
10.23 |
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RS | Jun 1, 2020 UMB does not honor the rate posted here! Read More |
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0.30% |
$250 |
16.77 |
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0.30% |
$10,000 |
16.01 |
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0.30% |
$10,000 |
4.35 |
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Fredbird | Aug 30, 2017 Excellent bank with a friendly helpful staff Read More |
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0.25% |
$1,000 |
- |
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0.20% |
$100,000 |
10.41 |
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0.15% |
$100,000 |
- |
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Aku | May 29, 2020 Dua Read More |
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0.14% |
$10,000 |
10.41 |
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0.10% |
$10,000 |
8.76 |
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0.05% |
$500 |
21.35 |
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0.05% |
$500 |
- |
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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 |
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0.03% |
$10,000 |
20.75 |
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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 |
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0.02% |
$10,000 |
20.75 |
Learn More
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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 |
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0.01% |
$500 |
- |
Learn More
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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 |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.
The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.
Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.
Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.
The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.
Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.
When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.
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.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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