Legacy Bank & Trust Competitive 6-Month CD Available in MO, OK, & TX


Deal Summary: 6-month High Yield CD, 5.65% APY, $1k minimum opening deposit.

Availability: Online application for Missouri, Oklahoma, and Texas residents.

Missouri-based Legacy Bank and Trust (Legacy B&T) is still offering 5.65% APY on its 6-month High Yield CD. As other 6-month CD rates have dropped in the past few months, the 5.65% APY has become more competitive. The minimum opening deposit is $1k, with no stated balance cap.

5.65%$1k-Legacy Bank and Trust6 Month High yield CD
Rates as of February 22, 2024.

Early Withdrawal Penalty

According to CSR, the Early Withdrawal Penalty for the 6-month High Yield CD is 90 days interest on the amount being withdrawn. Partial withdrawals are allowed, but any withdrawal made within 90 days of account opening will reduce the principal.


Headquartered in Mountain Grove in south-central Missouri, Legacy Bank and Trust has a brick-and-mortar presence in the Missouri counties of Christian, Greene, Henry, Texas, and Wright, and Tulsa, Oklahoma.

As stated on the Legacy B&T online application, residents of Missouri, Oklahoma, or Texas, who are at least 18 years old with a valid Social Security number, can open an account online.

In addition to online opening, the 6-month High Yield CD can also be opened at any of six Missouri branches located in Clinton, Mountain Grove, Plato, Sparta, and Springfield (2), or at the Tulsa, Oklahoma branch located in the Regal Plaza.

Funding and Other Details

The Legacy B&T website does not include a Truth-in-Savings disclosure; the following information was provided by CSR.

  • Funding – Online opening, ACH; in-branch opening ACH, wire transfer, check, or internal transfer.
  • Ownership – Individual, joint, or trust.
  • Interest – Compounded daily/credited monthly, can be distributed monthly by check or transferred to a Legacy B&T savings or checking account.
  • Maturing Funds – Cashier’s check to the address on file or transferred to a Legacy B&T savings or checking account.
  • Beneficiaries – Unlimited, with equal shares, Social Security numbers are not required.
  • Grace Period –10 calendar days before automatic renewal.
  • Credit Check – ChexSystems.

Bank Overview

Legacy Bank and Trust has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.08% (excellent) based on September 30, 2023 data. In the past year, Legacy B&T has increased its total non-brokered deposits by $194.35 million, an excellent annual growth rate of 23.14%. Please refer to our financial overview of Legacy Bank and Trust (FDIC Certificate # 22319) for more details.

Legacy Bank and Trust is currently the 19th largest bank headquartered in Missouri, with assets in excess of $1.6 billion and more than 18,000 customer accounts. Legacy B&T became FDIC insured in 1976, almost seventy years after the bank’s predecessor opened its doors in Plato, Missouri. (The original four-ton safe is still on display in the current Plato branch location.) Legacy B&T was purchased in 2003 by Ozarks Heritage Financial Group, leading to the acquisitions of The Citizens Bank of Sparta (2005), First National Bank of Clinton (2018), and most recently Crain Mortgage Group, LLC.

According to a September 2023 press release,

Legacy Bank & Trust is pleased to announce that its affiliate, Legacy Economic Growth Fund, has been awarded $65 million of New Markets Tax Credits by the CDFI Fund, an arm of the US Treasury.

The New Markets Tax Credits (NMTC) Program is a powerful federal economic development tool designed to promote development into America’s underserved and distressed communities. NMTCs generate private equity when leveraged with other sources of capital to create flexible financing structures for projects in these areas. Federal data show that for every dollar of allocation provided under the NMTC program, an additional $8 of private investment is leveraged for the economic development of these communities.

How the 6-Month High Yield CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the market area and have minimum deposit requirements of $10k or less, only one credit union has a higher rate than currently offered on the Legacy Bank and Trust 6-Month High Yield CD. The following table compares the 6-Month High Yield CD to the four highest-rate similar length-of-term CDs from other banks and credit unions within the market area.

The above information and rates are accurate as of 2/22/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Kansas City CD rates, Springfield CD rates, Tulsa CD rates, 1-year CD rates

Legacy Bank & Trust Offers Competitive 6-Month CD in MO, OK, and TX
Deal Summary: 6-month High Yield CD, 5.65% APY, $1k minimum opening deposit.

Availability: Missouri, Oklahoma, and Texas residents through online application.

About 18 months ago, Missouri-based Legacy Bank and Trust (Legacy B&T) had the highest 1-year CD APY offered by any U.S. bank. Since then, Legacy B&T CD product line has been unremarkable until now: the 6-month High Yield CD now offers a near rate-leading 5.65% APY. The minimum opening deposit is $1k, with no stated balance cap.


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Legacy Bank & Trust (MO) Has Rate-Leading 1-Year CD
Deal Summary: 12-month High Yield CD, 1.25% APY, $1k minimum deposit.

Availability: Missouri residents through online application.

Legacy Bank and Trust (Legacy B&T) is currently offering a 12-month High Yield CD earning an eye-catching 1.25% APY, which is currently the highest 1-year CD rate offered by any bank in the U.S. The minimum opening deposit is $1k, with no stated balance cap.

Legacy B&T’s website does not include a Truth-in-Savings disclosure, so the following information comes from a conversation with a very knowledgeable bank official.

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.