5.50% 13-Month CD at a Missouri Bank (Truman)

Truman Bank is offering a special 5.50% APY 13-month certificate of deposit. The minimum deposit is $2,500. This special CD doesn't seem to be listed at the bank's website. It was advertised in today's St. Louis Post-Dispatch. The ad is available online here. The CD also has a bump-up feature that allows you to raise the rate once during the term to match the current rate of their 13-month CD. This feature probably won't be helpful. I noticed their current standard 13-month rate listed in the rates sheet is only 5.15% APY. Nevertheless, the 5.50% APY is very competitive regardless of this feature.

Branches are located in the Missouri cities of St. Louis, Crestwood, Imperial and St. Peters. Their toll free number is 866-392-0555. The bank has been FDIC insured since 1988 (Certificate # 27316).

Tags: Truman Bank, CD rates, Missouri