BankStar Financial


Overview / Commentary
605-542-2681
124 Elk Street
Elkton, SD 57026

BankStar Financial is headquartered in Elkton and is the 32nd largest bank in the state of South Dakota. It is also the 2,932nd largest bank in the nation. It was established in 1926 and as of December of 2020, it had grown to 33 employees at 3 locations. BankStar Financial has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #496
Year Established1926
Employees33
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD13.72%
Annual Interest Income$9.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$214.0MM$199.1MM
LoansQ4 2020vs Q4 2019$160.8MM$152.5MM
DepositsQ4 2020vs Q4 2019$181.5MM$166.7MM
Equity CapitalQ4 2020vs Q4 2019$21.0MM$18.8MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.6MM$1.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.9MM$568.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not BankStar Financial; we are a rate comparison website and cannot provide official rates or promotions.

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

BankStar Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--Future Star Saving
0.30%--IRA Savings
0.20%*$25k*-Health Saving Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $10k | 0.15% $10k - $25k
0.10%--Statement Saving
0.10%--Business Saving

BankStar Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$500k*-Premium Money Market
OTHER TIERS: 0.05% Up to $50k | 0.15% $50k - $100k | 0.20% $100k - $250k | 0.25% $250k - $500k
0.30%*$500k*-Business Premium Money Market
OTHER TIERS: 0.05% Up to $50k | 0.15% $50k - $100k | 0.20% $100k - $250k | 0.25% $250k - $500k
0.25%*$250k*-Money Market
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k | 0.15% $100k - $250k
0.25%*$250k*-Business Money Market
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k | 0.15% $100k - $250k

BankStar Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$25kePlus Checking
OTHER TIERS: 0.15% $25k+
0.10%*$2.5k*-Interest Checking
OTHER TIERS: 0.05% Up to $2.5k
0.10%*$2.5k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $2.5k

BankStar Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$50k*-60 Month Bump Up CD
OTHER TIERS: 0.35% $1k - $10k | 0.55% $10k - $50k
0.75%*$50k*-Business 60 Month Bump Up CD
OTHER TIERS: 0.35% $1k - $10k | 0.55% $10k - $50k
0.60%*$50k*-36 Month Bump Up CD
OTHER TIERS: 0.20% $1k - $10k | 0.40% $10k - $50k
0.60%*$50k*-Business 36 Month Bump Up CD
OTHER TIERS: 0.20% $1k - $10k | 0.40% $10k - $50k
0.50%*$50k*-24 Month CD
OTHER TIERS: 0.15% $1k - $10k | 0.30% $10k - $50k
0.50%*$50k*-Business 24 Month CD
OTHER TIERS: 0.15% $1k - $10k | 0.30% $10k - $50k
0.35%*$50k*-12 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.25% $10k - $50k
0.35%*$50k*-Business 12 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.25% $10k - $50k
0.25%*$50k*-6 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $50k
0.25%*$50k*-Business 6 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $50k

BankStar Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$50k*-60 Month Bump Up IRA
OTHER TIERS: 0.35% $1k - $10k | 0.55% $10k - $50k
0.60%*$50k*-36 Month Bump Up IRA
OTHER TIERS: 0.20% $1k - $10k | 0.40% $10k - $50k
0.50%*$50k*-24 Month IRA
OTHER TIERS: 0.15% $1k - $10k | 0.30% $10k - $50k
0.35%*$50k*-12 Month IRA
OTHER TIERS: 0.10% $1k - $10k | 0.25% $10k - $50k
0.25%*$50k*-6 Month IRA
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $50k
Locations


BankStar Financial Locations
Bankstar Financial124 Elk StreetElkton, SD 57026
Brookings Branch427 8th St SBrookings, SD 57006
Volga Branch 303 Kasan AvenueVolga, SD 57071

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