Here Are the 11 Best Bank Account Rates in St. Louis
With interest rates set low by the Federal Reserve, St. Louis residents might be wondering whether local deposit accounts can help increase their savings.
GOBankingRates investigated all CDs, checking, savings and money market accounts in St. Louis, finding that average local rates for checking and money market accounts top national averages.
| Account Type | St. Louis Average | National Average |
| CD: 2-Year | 0.409% | 0.538% |
| CD: 1-Year | 0.257% | 0.352% |
| CD: 6-Month | 0.170% | 0.223% |
| Checking | 0.292% | 0.220% |
| Savings | 0.086% | 0.118% |
| Money Market | 0.237% | 0.162% |
Less favorable were the lower-than-average savings and CD rates in St. Louis. The two-year CD fared the worst, with an average rate nearly 13 basis points below the national average.
Nevertheless, local banks and credit unions are providing residents with better opportunities to save by offering great deposit rates, particularly for checking, money market and two-year CD accounts.
At an impressive 1.75% APY, Eagle Bank & Trust’s Smart Money Checking account is almost eight times higher than similar accounts across the nation.
Related: 8 Best CD Rates Available in St. Louis
11 Best Interest Rates in St. Louis
| Rank | Financial Institution | Product Description – Minimum Deposit | APY |
| 1 | Eagle Bank & Trust | Smart Money Checking – $1 | 1.75% |
| 2 | First Community Credit Union | First Rate Checking – $1 | 1.51% |
| 3 | PNC Bank | Premium Money Market Special – $10,000 | 1.01% |
| 4 | PNC Bank | Performance Select Relationship Money Market – $1 | 0.80% |
| 5 | Laclede Family Savings Credit Union | 2-Year CD – $10,000 | 0.75% |
| 5 | Century Credit Union | 2-Year CD with Premier Checking – $2,500 | 0.75% |
| 7 | Alliance Credit Union | 2-Year CD – $1,000 | 0.71% |
| 8 | APEX Financial Credit Union | 2-Year CD – $500 | 0.70% |
| 8 | Arsenal Credit Union | 2-Year CD – $500 | 0.70% |
| 8 | Health Care Family Credit Union | 2-Year CD – $1,000 | 0.70% |
| 8 | St. Louis Community Credit Union | 2-Year CD – $300 | 0.70% |
Survey Methodology
The GOBankingRates study considered savings, checking, CD and money market accounts available at banks and credit unions in St. Louis.
Criteria included promotions, specials and base rates, as well as six-month, one-year and two-year CDs with an assumed $10,000 deposit. Interest rates were pulled between March 26 and April 1, 2014.
GOBankingRates compiled rate information from the GOBankingRates interest rate database, in partnership with Informa Research Services Inc., aggregating bank account and interest rate information from more than 6,000 financial institutions.
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