UNICO Bank (MO/AR) 60-Month CD Earns 3.45% APY

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Availability: CDs – 60-month (3.45% APY), 48-month (3.30% APY), and 36-month (3.14% APY), $1k minimum deposit.

Availability: Market area includes three southeast Missouri counties and three northeast Arkansas counties.

The rates on Missouri-based UNICO Bank’s (UNICO) long-term CDs haven’t changed for six months. In December, UNICO’s rates were “meh,” but in the current climate of falling rates, the 36-, 48-, and 60-month CDs have become very competitive. All of UNICO’s CDs require a $1k minimum deposit, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.02%$1k-UNICO Bank60 Month CD
2.02%$1k-UNICO Bank60 Month IRA (Traditional, Roth)
1.97%$1k-UNICO Bank48 Month CD
1.97%$1k-UNICO Bank48 Month IRA (Traditional, Roth)
1.91%$1k-UNICO Bank36 Month CD
1.91%$1k-UNICO Bank36 Month IRA (Traditional, Roth)
Rates as of September 16, 2019.

The long-term CDs are also available as IRAs (Traditional, Roth), earning the same APYs with the same funding requirements.

According to CSR, partial withdrawals are not permitted and early closures are subject to the following penalties:

  • 36-month term – three months of interest
  • 48-month term – nine months of interest
  • 60-month term – twelve months of interest

Availability

Headquartered in Mineral Point in Missouri, UNICO Bank's market area includes the Missouri counties of Dunklin, St. Francois, and Washington, and the Arkansas counties of Craighead, Greene, and Poinsett.

Open a CD requires an in-person visit to any of the seven Missouri branches located in Bismarck, Desloge, Farmington, Irondale, Kennett, Mineral Point, and Park Hills, or the eight Arkansas branches located in Harrisburg, Lake City, Jonesboro, Marked Tree, Paragould (3), and Trumann.

UNICO Bank’s online banking platform is currently dedicated to account management and bill payment services, including Popmoney.

Bank Overview

UNICO Bank has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 25.50% (average), based on December 31, 2018 data. In the past year, UNICO Bank has increased its total non-brokered deposits by $20.68 million, an excellent annual growth rate of 8.4%. Please refer to our financial overview of UNICO Bank (FDIC Certificate # 10608) for more details.

While the UNICO Bank name is relatively new, the Bank’s history goes back nearly 100 years when the Irondale Bank was established in 1901. Following the acquisition of UNICO Bank, Federal Savings Bank (Kennett, Missouri) in 2000, the Irondale Bank rebranded as simply UNICO Bank. In 2006, UNICO purchased several Southern Bancorp Bank branches, expanding its market area into Arkansas. The most recent acquisition occurred in 2017, when UNICO purchased three First Bank (Creve Coeur, Missouri) branch locations in St. Francois County. UNICO Bank is currently the 80th largest bank headquartered in Missouri, with assets in excess of $300 million.

How the CDs Compare

When compared to 284 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the Bank’s market area, UNICO Bank’s 60-month CD APY currently ranks first.

When compared to 275 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the Bank’s market area, UNICO Bank’s 48-month CD APY currently ranks first.

When compared to 314 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the Bank’s market area, UNICO Bank’s 36-month CD APY currently ranks first.

The above rates are accurate as of 4/15/2019.

To search for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: St. Louis CD rates, Paducah CD rates, Memphis CD rates, Jonesboro CD rates, 5-year CD rates

Comments

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