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Rates
Rates
APY = Annual Percentage Yield. Rates effective as of September 22, 2023. Fees may reduce earnings.
CD Special Rates
| Term | Interest Rate | APY |
|---|---|---|
| 170 Day - CD Special** | 5.48% | 5.60% |
| 5 Month - CD Special* | 5.10% | 5.20% |
| 9 Month - CD Special* | 4.96% | 5.05% |
| 18 Month - CD Special* | 4.76% | 4.85% |
*$5,000.00 minimum deposit to open.
**$100,000 minimum deposit to open.
There may be a substantial penalty for early withdrawal.
CD Special Rates Frequently Asked Questions
You can begin the application process online by clicking the “Get Started” button above. Or you can come into one of our South Dakota branches, or you can call 605-361-1010 to set up an appointment with a banker. We accept online applications nationwide.
Our penalties vary based on the CD term. For our current CD Specials under 12 months, the penalty for early withdrawal is 3 months of interest. On the current 18-Month CD Special, the penalty for early withdrawal is 9 months of interest.
There are no fees to open a CD.
The interest is compounded quarterly.
You will receive a Maturity Notice 30 days prior to maturity. Once the CD has matured, please contact the bank for our current rates and to let us know if you want to withdraw the funds or roll over into a new account. You have a 10-day grace period after the maturity date to contact us, otherwise the CD will renew at the term stated on your CD account disclosures.
No. You can deposit quarterly interest payments into a checking or savings account.
Platinum Savings
| Average Daily Balance | Interest Rate | APY |
|---|---|---|
| Up to $4,999.99 | 0.10% | 0.10% |
| $5,000.00 - $49,999.99 | 0.25% | 0.25% |
| $50,000.00 - $99,999.99 | 0.40% | 0.40% |
| $100,000.00 and up | 0.50% | 0.50% |
$5,000.00 minimum deposit to open.
The interest rate and annual percentage yield (APY) may change after account opening.
Fees could reduce earnings on the account.
FREEDOM High Yield Savings
| Average Daily Balance | Interest Rates | APY |
|---|---|---|
| $25,000.00 and up | 4.19% | 4.27% |
$25,000.00 minimum deposit to open.
The interest rate and annual percentage yield (APY) may change after account opening.
Fees could reduce earnings on the account.
Certificate Rates
| Term | Interest Rate | APY |
|---|---|---|
| 3 Month | 0.50% | 0.50% |
| 6 Month | 3.75% | 3.80% |
| 12 Month | 1.95% | 1.96% |
| 15 Month | 1.95% | 1.96% |
| 24 Month | 1.95% | 1.96% |
| 30 Month | 1.95% | 1.96% |
| 36 Month | 1.95% | 1.96% |
| 48 Month | 1.95% | 1.96% |
| 60 Month | 2.34% | 2.36% |
$500.00 minimum deposit to open.
There may be a substantial penalty for early withdrawal.