The best CD rates in Missouri experienced mild gains for the week ending May 1. 2009.  The longer term certificates of deposit were mostly unchanged while the shorter term highest CD rates gained a few basis points.  In the six month CD rates category the new leader is Community Bank with offices in Summersville and Eminence that now has an odd term, seven month CD with an interest rate of 2.63%.  This rate is well above the best national rate of 2.32%.  Branson Bank’s six month CD at 2.40% has been pushed down to second position.  Hometown Bank is up next with a CD rate of 2.25%, this interest rate is being offered on a longer term, nine month CD.

Community Bank is also promoting the best one year CD rate with another odd term CD that has a maturity of 15 months and an interest rate of 2.78%.  First Commercial Bank is the runner up with an 18 month term CD that yields 2.75%.  Branson Bank’s one year CD at 2.61% follows.  Both Metropolitan National Bank and First Bank of Missouri share the next best CD rates with one year CD rates of 2.27%.

The best two year CD rate in Missouri out runs the best national two year CD rate by 10 basis points.  First Commercial Bank continues to lead this term with a two year CD rate set at 3.00%.  At 2.78%, First Bank of Missouri’s two year CD rate remains the next best bank rate.  Branson Bank is close behind with a two year CD at 2.70%.  Subsequent bank CD rates drops significantly, starting with a 2.52% rate being marketed by Metropolitan National Bank on their two year CD.

There was little change in the highest five year CD rates for the week.  US Bank’s 59 month term CD remains on top with a CD rate of 3.75%.  First Community Bank has a five year CD with a rate of 3.63%.  This is followed by Community Bank which has a five year CD rate of 3.60%.  Fifth Third Bank jumps on the list for the first time in some months with a promotional 53 month CD that has an interest rate of 3.53%.  This rate is shared by The Paris National Bank which offers this rate on a four year term.

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