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Are you looking for a low-risk investment in the Gateway City? While CD rates may not be very attractive at the moment, many large institutions are still offering yields better than the national average. Yields have stayed at similar lows again this week, but as low-risk investments, 6-month CD rates in St. Louis, MO, are a great choice for the careful investor.
It's crucial to shop thoroughly when looking for CD rates in St. Louis, MO. Certificate of deposit yields can change without warning, so look for yields across the country before settling. Bankrate.com can help you locate the best CD rates across the nation and in your area of Missouri.
CD rates in St. Louis, MO
Here are the 6-month CD rates as of 11:30 a.m. on Friday in St. Louis, MO.
| Institution | APY | Min Deposit |
| Ally | 1% | $0 |
| Heartland Bank | 0.50% | $1,000 |
| Pulaski Bank | 0.25% | $2,500 |
| Commerce Bank | 0.20% | $2,500 |
| Bank of America | 0.05% | $1,000 |
| U.S. Bank | 0.05% | $500 |
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However, if you bypass a large bank and work with a niche lender you won’t be subject to these same issues. Niche lenders hold loans on their own books and collect the interest for the life of these loans. Because these loans are not being sold lenders can set their own rules, rates and fees which are often more favorable. The best jumbo mortgage rates are often found with these lenders who specialize in jumbo home loans.