Bank 21 (MO) Increases Rate On 14-Month CD


Availability: Market area includes Carroll, Jackson, Pettis, and Saline Counties, Missouri.

Earlier this week, Bank 21 raised the rate on its 14-month CD (1.35% APY). The minimum opening deposit is $500, with no stated balance cap.

The 14-month CD has been part of the product line for less than five months, and this week’s rate increase added 35 basis points to the original APY.

It is also offered as an IRA (Traditional) earning the same APY, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is three months of dividends.


Headquartered in Carrollton, Missouri, Bank 21’s market area includes the Missouri counties of Carroll, Jackson, Pettis, and Saline.

Opening a 14-month CD must be done by visiting any of four Missouri branches located in Blue Spring, Carrollton, Marshall, and Sedalia. At this time, Bank 21's online banking platform is limited to account management and bill payment services.

Note: While speaking to the Carrollton branch CSR, I found out that due to a recent fire at the Bank, the toll-free phone number may not be fully operational. In addition, the Bank’s operations are presently located at a variety of different locations within the town, while the building is being repaired.

Bank Overview

Bank 21 (FDIC Certificate # 8560) has an overall health grade of "A" at, with a Texas ratio of 2.31% (excellent) based on June 30, 2016 data. In the past year, Bank 21 increased its total deposits by $4.84 million, an excellent growth rate of 5.96%. Please refer to our financial overview of Bank 21 for more details.

Bank 21 was originally chartered in 1903 with the not-so-original name of The Farmers Bank. As the name suggests, this locally-owned and operated bank’s first clientele were the many farmers surrounding the town of Bogard, located in Carroll County. The Farmers Bank name remained in place for more than 90 years, and in 1996, the Bank 21 moniker made its debut.

How the CD Compares

When compared to the 260 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available within the market area, Bank 21’s 14-month CD APY currently ranks first.

The above rates are accurate as of 9/24/2016.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of or our Rates Map page.


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