There are nearly 200 financial institutions regulated by the Missouri Division of Funds. With so many options, it will probably be difficult to pick the appropriate one.
To allow you to, Money researched the leading annual percentage yields (APYs), account types, minimum deposit requirements and charges to discover the most effective banks and credit unions in Missouri for 2024-2025:
*Rates and APYs are subject to vary. All information provided was accurate as of Oct. 8, 2024.
The Bank of Missouri operates 28 branches throughout the state, and it is a top bank for each personal and business customers. It offers multiple account options with low fees and higher-than-average APYs. The Bank of Missouri has some unique checking account options. You may open an account without monthly fees with as little as $100. Moreover, you’ll be able to earn rewards in the shape of money back or in digital credits you’ll be able to redeem for Amazon or iTunes gift cards. The bank also offers CDs with higher-than-average APY.
Nonetheless, it doesn’t have money market accounts, so customers in search of those accounts may have to decide on one other bank. Lastly, not all of its accounts may be opened online; with some, you will have to open an account by visiting a branch.
- Checking accounts with added perks
- No monthly fees on checking accounts
- High-yield CDs available
- Broad ATM access
- No money market accounts
- Not all accounts may be opened online
Belgrade State Bank has multiple savings accounts, including special accounts for saving for Christmas and youngsters. These accounts have low minimum deposit requirements, making it easy to start out saving. Although Belgrade State Bank does charge monthly fees on a few of its savings accounts, it does offer fee waivers. The necessities to qualify for a waiver are attainable; you’ll be able to qualify by maintaining a balance of $50.
Belgrade State Bank doesn’t offer money market accounts. And in case you’re planning on opening a savings account, remember that Belgrade has limits on what number of withdrawals you make every month. When you make greater than six withdrawals per 30 days, you will have to pay an excess withdrawal fee for every additional transaction.
- Multiple savings account options
- Attainable fee waiver
- CDs with higher-than-usual APYs available
- No money market accounts
- Most checking accounts have monthly fees
- Excess withdrawal penalties apply
With Capital One, you’ll be able to open a recent checking account without worrying about minimum deposit requirements or monthly fees. These accounts make it easy to receive direct deposits, send money via Zelle and manage your money online. Besides its core checking account, Capital One also has a checking account option for teens. The account has no monthly fees and, through the mobile app, it gives parents control over the teenager’s access to the account.
Unfortunately, Capital One doesn’t operate physical branches, so those preferring in-person banking will need to search out one other bank.
- No monthly fees on checking accounts
- Teen accounts available
- High-yield savings accounts
- Few physical locations
- No money market accounts
Ozarks Federal Savings is a community bank serving counties in Missouri. It features several youth accounts and special incentives, like Oz’s Clubhouse, a program that rewards kids with special toys and even money deposits as they save. With the coed program, kids can earn money rewards for good grades.
Ozarks Federal Savings operates just a number of locations throughout the state, so chances are you’ll not have a branch near you. Moreover, its APYs on savings accounts are inclined to be below the national average.
- Rewards and money incentives
- No monthly fee on youth accounts
- Low minimum deposit
- Limited branches
- Lower-than-average APYs on savings
People’s Bank offers specialty accounts in Missouri, comparable to special account options for teachers, youth accounts, holiday savings accounts and interest-bearing checking accounts for seniors. You may open checking and savings accounts without monthly fees. The bank also offers perks like discounts on loans, free protected deposit boxes and checks.
Nonetheless, People’s Bank doesn’t publish its rates online, and it operates only a number of physical branches throughout the state.
- Multiple specialty accounts
- Advantages include free checks, protected deposit boxes and discounts
- Accounts without monthly fees
- Rate details not listed online
- Limited locations
How we selected the Best Banks of 2024-2025
To find out our list of best banks for 2024-2025, Money evaluated a whole lot of the biggest retail banks, credit unions, regional and state banks and online banks ranked by assets. We then compared opening balance requirements, interest paid, fees and features to find out our top picks.
We chosen the most effective banks in Missouri by evaluating the leading banks and comparing their accounts, deposit requirements, fees and rates and customer satisfaction rankings. We also checked out the supply of branches, and bank ATM networks.
You may read our full methodology here.