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.

1.25%--Legacy Bank and Trust12 Month High yield CD
Rates as of June 9, 2023.

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.

The Early Withdrawal Penalty is 90 days interest on the amount being withdrawn, with partial withdrawals allowed.

The only option for funding the High Yield CD online is ACH. Funding in-branch can be done by ACH, wire transfer, check, or internal transfer.

Accrued interest can be deposited back into the High Yield CD, transferred into a Legacy B&T checking or savings account, or distributed by check.

Maturing funds will be distributed by check to the address on file or transferred to a Legacy B&T savings or checking account. There is a ten-day grace period before a CD automatically renews.

Unlimited beneficiaries can be named, with each receiving an equal share. Social Security numbers are NOT required for beneficiaries.


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

At this time, the 12-month High Yield CD can be opened online by Missouri residents, 18 years or older, who have a valid Social Security number. The High Yield CD can also be opened at any of six Missouri branches located in Clinton, Mountain Grove, Plato, Sparta, and Springfield (2).

Bank Overview

Legacy Bank and Trust has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.04% (excellent) based on December 31, 2021 data. In the past year, Legacy B&T has increased its total non-brokered deposits by $152.52 million, an excellent annual growth rate of 35.51%. Please refer to our financial overview of Legacy Bank and Trust (FDIC Certificate # 22319) for more details.

Legacy Bank and Trust is currently the 40th largest bank headquartered in Missouri, with assets of nearly $750 million and more than 13,000 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) and First National Bank of Clinton (2018).

How the 12-Month High Yield CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the online market area and have minimum deposit requirements of $10k or less, no bank or credit union has a higher rate than the rate offered on the Legacy Bank and Trust 12-month High Yield CD. The following table compares the Legacy B&T 12-month High Yield CD to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 3/12/2022.

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


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.