Royal Banks of Missouri CD Rates
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The Royal Banks of Missouri CD rates are something you are not going to want to miss! This is the ideal time to start saving for whatever it is you wish to strive for in your future. A certificate of deposit is a special account you set up which must have a particular amount of money that acts as an opening deposit. From there you choose a term for the CD and lock in an interest rate. Once you do this you can then sit back, relax and let the interest on the account grow!
The Royal Banks of Missouri CD rates are something you are not going to want to miss! This is the ideal time to start saving for whatever it is you wish to strive for in your future. A certificate of deposit is a special account you set up which must have a particular amount of money that acts as an opening deposit. From there you choose a term for the CD and lock in an interest rate. Once you do this you can then sit back, relax and let the interest on the account grow!
The Royal Banks of Missouri is owned by a bank holding company that makes its headquarters in University City, Missouri. It got its start in March of 1964 by some local businessmen. The bank continues to be locally owned today and caters to the individuals and businesses that are found in the St. Louis Metropolitan area. The financial institution offers a full range of banking services as well as an array of banking products. There are five locations of this bank conveniently located to serve you and to meet all of your banking needs.
All certificates of deposit at the Royal Banks of Missouri must be opened with a minimum deposit of $1,000. The balance in the account can range from the minimum of $1,000 to the maximum of $100,000. The rates are fixed and the terms are many.
Here are the current Royal Banks of Missouri CD rates (as of July 8, 2010):
• 3 Month Term- Interest rate of 0.40%, APY of 0.40 %
• 6 Month Term- Interest rate of 0.75%, APY of 0.75%
• 12 Month Term- Interest rate of 1.01%, APY of 1.01%
• 18 Month Term- Interest rate of 1.25%, APY of 1.26%
• 24 Month Term- Interest rate of 1.50%, APY of 1.51%
• 36 Month Term- Interest rate of 1.89%, APY of 1.90%
• 48 Month Term- Interest rate of 2.22%, APY of 2.24%
• 60 Month Term- Interest rate of 2.53 %, APY of 2.55%
Please note that the 3 month, 6 month and 12 month CDs come with an add-on provision. The minimum to add is $500 while the maximum cap to add is $100,000. It is not a smart move to withdraw your money early from a certificate of deposit. If you do so then an early withdrawal penalty will be imposed. To learn more detailed information about the current Royal Banks of Missouri CD rates visit the website found at http://www.royalbanksofmo.com/.
