bank rates

FCB Banks Pays 1.65% On 32-Month CDs, Nearly Beating Top 36-Month Deals

FCB Banks is paying 1.65%.

In a repeat performance of last spring, FCB Banks is offering a chance to outdo the best-paying 3-year CD you can get from a national bank.

Serving the St. Louis area, FCB’s 1.65% APY on 32-month certificates pays virtually the same as the top nationally available 36-month return of 1.67% APY from the banks on our CD Rates Leaderboard.

One clear advantage of the FCB certificate is that it matures four months sooner, which could become handy if CD rates rise in the coming year or two as a result of further Federal Reserve increases.

In addition, FCB requires just a $1,000 minimum deposit, rather than the hefty $10,000 required by current national leader E-Loan.

Of course, it always makes sense to check Bankrate’s extensive database of the day’s best CD rates to see if you can do even better. But we suspect this FCB deal won’t easily be beat.

FCB serves greater St. Louis in Missouri and southwestern Illinois. Although opening an FCB checking or savings account can be done online, its certificates of deposit must be opened at one of 13 suburban Illinois branches or its single St. Louis branch.

For dozens more deals like this one, be sure to search our constantly updated roundup of the best credit union and community bank CDs from around the country.

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