Top 5-Year CD Rate in St. Louis at Alliance Credit Union - Local Only

Alliance Credit Union is offering a competitive 5-year CD and IRA CD rate. It has a 2.16% APY with a minimum deposit of $1,000. The shorter term CDs are not quite as competitive. Some of these include a 1.61% APY 4-year CD and a 1.41% APY 37-month CD. These rates are listed in the credit union's rates page as of 3/27/2012.

In addition to these regular CDs, the credit union has an interesting type of CDs that it calls Income Now CD. These are designed to provide a pre-determined monthly payment made up of both principal and interest and have a zero balance at the maturity date. It may look like an annuity, it's just a CD bank account. According to the credit union, "this is not an insurance product."

The credit union's Income Now CDs do have some competitive rates. The terms range from 3 years to 20 years. Some of the noteworthy rates include 2.00% for 3 years, 2.20% for 5 years and 2.45% for 10 years. Minimum deposit is $5,000. These rates are also listed in the credit union's rates page as of 3/27/2012.

Credit union membership is open to those who live or work in one of the following Missouri or Illinois counties: St. Louis (MO), St. Charles (MO), Jefferson (MO), Franklin (MO), St. Clair (IL), Madison (IL), Monroe (IL), Jersey (IL). Please refer to the credit union's membership page for more details.

Alliance Credit Union branches are located in the St. Louis and its suburbs.

The credit union has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas Ratio of 9.72% (above average) based on December 2011 data. Please refer to our financial overview of Alliance Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 63789).

How This CD Rate Compares

The best nationally available 5-year CD rate is 2.35% APY at Justice Federal Credit Union for a $100K minimum (2.25% APY for a $500 minimum). If you have a military connection, you may be able to qualify for Air Academy Federal Credit Union which has a 2.45% APY 5-year CD for a $10K minimum deposit. These rates are accurate as of 3/27/2012.

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