Earn up to 3.50% APY with CNB's High-Yield Savings Account

Forward Savings by CNB St. Louis Bank

A high-yield savings account built for saving, not spending.

Forward Savings delivers an APY that is over 8x higher than the national average², along with the local, community bank support to ensure we are meeting you where you are - online, over the phone, or in-person at one of our six locations in the St. Louis and St. Charles areas.

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High-Yield Savings Account Details

Our Forward Savings account features:

No minimum balance
No monthly maintenance fee
No promotional period or confusing account requirements
No minimum balance to earn the stated APY
Free online and mobile account access
Balances up to $1,000,000 earn 3.50% APY¹
Balances $1,000,000.01 earn .25% APY¹
$1,000 minimum deposit to open account
Interest accrues daily and is compounded quarterly

Benefits of CNB's High-Yield Savings Account

At CNB St. Louis Bank, our Forward Savings is a high-yield savings account is designed by and for St. Louisans.

Built to keep your savings moving forward.

An APY that is over 8x over the national average*. Rates are reviewed periodically and may be adjusted based on market conditions.

Honest and transparent.

No monthly maintenance fee, no minimum balance, no promotional period, and no confusing requirements or limitations.

Simplicity at its finest.

Opening a new account is a straightforward process, whether you choose to open your account online or in branch. That means less time handling paperwork and more time reaping the benefits of your new account.

Digital convenience + local support.

24/7 online savings account access means you get to manage your account when and where you need to. And when you need help? Call, message, chat, or visit one of our branches to get personalized answers.

Digital Convenience

Our Forward Savings account comes with free online and mobile banking, featuring unlimited online access on your computer, laptop, tablet, or mobile device 24/7.

Features include:

View account balances and transaction details
Schedule transfers between accounts
24-hour account access
Search transaction history for withdrawals, deposits, direct deposits or direct debits
Free credit score with credit report, credit monitoring, and more!
View and download your eStatements
Make deposits with CNB Mobile Deposit (mobile only)
Questions about security? Learn more about our enhanced login security

Start Saving for Tomorrow, Today

High-yield savings accounts means making the most of the money you have now, so you can take steps towards tomorrow's financial goals.

Apply for a High-Yield Savings Account at CNB St. Louis Bank!

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Meet CNB St. Louis Bank

Frequently Asked Questions

I already have a Regular Savings Account at CNB St. Louis Bank, should I switch to a Forward Savings Account?

If you're already a CNB St. Louis Bank customer and have a traditional savings account with us, don't worry—you can switch from a traditional account to a high-yield savings account at any time.

Which type of savings account is right for you? Both traditional and high-yield accounts are federally insured and offer liquidity. However, they may be better suited to different people, depending on unique financial goals.

If you want:

ATM access,
Instant access to savings, and
want to easily link your savings to your checking account in one convenient place,

then a traditional savings account may suit your needs.

If you want:

to build an emergency fund,
don't need in-person cash withdrawals, and
are saving for a shorter-term goal,

then a high-yield savings account may be worth exploring.

	Regular Savings	High-Yield Savings
Minimum to Open:	$100	$1,000
Minimum Balance:	$100	None
Monthly Maintenance Fee (if under min. balance):	$3	None
Debit/ATM Card:	Yes	N/A
APY:	.25% on all balances	3.50% on the first $1,000,000.00 0.00% on $1,000,000.01 and above
Available to:	Consumers Accts Only	Consumer Accts Only. Limited to one account per primary owner
Open Online:	Yes	Yes

Talk to a CNB representative to explore your options and decide which type of account is best suited for your financial goals.

What is a high-yield savings account?

A “high-yield” savings account typically offers an interest rate that is significantly higher than the national average for savings accounts. These higher rates can help your balance grow faster over time compared to traditional savings options.

Forward Savings is one example, currently offering 3.50% APY¹ on balances up to $1,000,000 - over 8 times higher than the national average savings rate².

What is APY and how is it calculated?

APY stands for Annual Percentage Yield and is a representation of how much interest you can earn over the course of a full year while including the effect of compounding, when your interest is credited to your account and begins to earn interest.

Interest in the CNB St. Louis Bank Forward Savings account is credited and compounded quarterly. Use the calculator on this page to understand your interest earnings!

What happens if my balance goes above $1,000,000?

If your balance exceeds $1,000,000, your account will continue to earn interest using a tiered rate structure. This means different portions of your balance earn different rates.

For example:

Balances from $0.01 up to $1,000,000 earn one rate
Any amount above $1,000,000 earns a different rate

This approach allows your entire balance to earn interest, with each tier earning the rate that applies to that portion of your balance.

Is this account FDIC Insured?

Yes! CNB St. Louis Bank is a member of the FDIC (Federal Deposit Insurance Corporation). The amount of FDIC coverage you may be entitled to depends on the ownership category of your account.

Are there any fees for CNB St. Louis Bank's Forward Savings account?

CNB St. Louis Bank's Forward Savings account does not have any monthly maintenance or account fees.

However, certain other fees may apply depending on how you use your account. Please refer to our Schedule of Fees for a complete list of fees.

There is a $1,000 minimum deposit to open the account, what happens if my balance falls below $1,000?

Correct, there is a minimum initial deposit of $1,000 to open the account, however there is no minimum balance to maintain the account or to avoid a maintenance fee.

Accounts with a $0 balance for 30 days will automatically close.

¹Annual Percentage Yield (APY) is 3.50% a for balances up to $1,000,000 and .25% for balances $1,000,000.01 and over is effective as of July 1, 2026. The interest rate and APY are variable and may change after account opening. Fees could reduce earnings on the account. See our fee schedule for a full list of service fees. Offer available to consumer accounts only; limit one account per primary owner. This account does not include debit or ATM access.

²Based on national average savings rate of 0.38% per FDIC National Rates and Rate Caps, Savings Deposit products, as of June 15, 2026.

Banking. For You.

See your savings move forward.

Compare how much your deposit could earn with CNB versus the national average savings rate over 12 months.

Starting deposit

Use the slider or type in any amount from $1,000 to $250,000. Amounts over $250,000 must be entered manually.

$1,000 $250,000

Potential difference in earnings:

$780.00 more

Estimated earnings with CNB

$875.00

At 3.50% APY

Estimated earnings at national average

$95.00

At 0.38% APY

Schedule a Consultation

This calculator is for illustrative purposes only and assumes the full balance remains on deposit for 12 months with no additional deposits or withdrawals. Annual percentage yield (APY) is subject to change. Fees may reduce earnings. CNB rate shown is 3.50% APY effective June 15, 2026. National average shown is the FDIC National Rate: Savings, effective June 15, 2026, as published by the Federal Deposit Insurance Corporation (FDIC).

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