BankWest (SD)

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.bankwest-sd.bank

605-224-7391

420 South Pierre Street
Pierre, SD 57501

BankWest (SD) is headquartered in PIERRE and is the 11^th largest bank in the state of South Dakota. It is also the 646^th largest bank in the nation. It was established in 1889 and as of March of 2025, it had grown to 351 employees at 22 locations. BankWest (SD)'s money market rates are 9X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	4009
Year Established	1889
Employees	351
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.69%
Return on Equity - YTD	8.8%
Annual Interest Income	$25.9MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.81B$1.69B
Loans	Q1 2025vs Q1 2024	$1.26B$1.08B
Deposits	Q1 2025vs Q1 2024	$1.51B$1.37B
Equity Capital	Q1 2025vs Q1 2024	$143.1MM$131MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$13.9MM$12MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$16.2MM$8.3MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$776K

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Money Market
Checking

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankWest (SD) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.00%^*	$2m^*	-	Money Market
OTHER TIERS: 0.15% → $0 - $1k \| 0.20% → $1k - $10k \| 0.70% → $10k - $50k \| 0.80% → $50k - $100k \| 1.75% → $100k - $300k \| 2.25% → $300k - $500k \| 2.75% → $500k - $1m \| 3.50% → $1m - $2m

BankWest (SD) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.00%	$0	$50k	ePlus

Locations

Availability

Sioux Falls Area

Sioux Falls Area bank & credit union details

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