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Rates

Rates

APY = Annual Percentage Yield. Rates effective as of February 6, 2024.  Fees may reduce earnings.

CD Special Rates

TermInterest RateAPYMinimum Deposit
5 Month - CD Special5.39%5.51%$50,000.00
11 Month - CD Special5.40%5.51%$50,000.00

There may be a substantial penalty for early withdrawal.

Get Started

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.

Premium+

Average Collected Monthly BalanceInterest RateAPY
$0.01 - $2,499.991.00%1.00%
$2,500.00 - $9,999.991.95%2.00%
$10,000.00+3.69%3.75%

Avoid the $5 monthly maintenance fee by maintaining at a $10,000 relationship balance or add a direct deposit of at least $500. Direct deposit is an electronic deposit of your paycheck, pension, or government benefits from your employer or the government.

Savings+

Average Collected Monthly BalanceInterest RatesAPY
$0.01-$9,999.992.23%2.25%
$10,000.00-$24,999.992.96%3.00%
$25,000.00-$49,999.993.93%4.00%
$50,000.00+4.65%4.75%

Avoid the $2 monthly maintenance fee by maintaining at a $10,000 relationship balance.

Simply Savings

Average Collected Monthly BalanceInterest RateAPY
$0.01-$299.990.25%0.25%
$300.00-$999.990.75%0.75%
$1,000.00+1.00%1.00%

Avoid the $1 monthly maintenance fee by maintaining at least a $300 average collected balance or add a direct deposit. Direct deposit is an electronic deposit of your paycheck, pension, or government benefits from your employer or the government.

Certificate Rates

TermInterest RateAPY
3 Month3.20%3.25%
6 Month5.40%5.51%
12 Month1.95%1.96%
15 Month1.95%1.96%
24 Month1.95%1.96%
30 Month1.95%1.96%
36 Month1.95%1.96%
48 Month1.95%1.96%
60 Month2.34%2.36%

$500.00 minimum deposit to open.

There may be a substantial penalty for early withdrawal.