Dedicated to Deposits: Deals, Data, and Discussion

3.25% CD for Terms of 3 to 5 Months at St. Louis Bank

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St. Louis Bank
St. Louis Bank is advertising a special 3.25% APY CD with terms of 3 to 5 months. Minimum deposit is $10,000, and the funds must be new to the bank. This special doesn't seem to be listed in the bank's website. It was advertised in today's St. Louis Post-Dispatch. The ad is available online here. According to the ad the rate is accurate as of 1/18/09.

My last post on this bank was in August 2008 when it was offering a 4.30% 6-month CD. One thing I've noted about this bank is that their specials can change quickly, so be sure to call to verify that the offer is still available.

It appears a branch visit is required to open an account. St. Louis Bank's main location is in Town and Country, Missouri.

The bank's ratings for soundness are a little weak: 2 stars (below peer group) at Bankrate.com and 3 stars (adequate) at BauerFinancial. Both ratings are based on 9/30/08 data. The bank has been FDIC insured since 2005 (FDIC Certificate # 58018).

Other Top Certificate of Deposit Rates

A yield of 3.25% may sound low, but for terms under 6 months, I'm afraid it's now very competitive. The highest rate for a 3-month CD in my weekly rate summary is only 2.50% APY.

  Tags: St. Louis Bank, CD rates, Missouri

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