Black Hills Community Bank (SD) Has Statewide Rewards Checking


Availability: Community Cash, 2.53% APY on qualifying balances up to $25k.

Availability: South Dakota

Black Hills Community Bank’s rewards checking account, Community Cash, has been part of the bank’s product line for more than four years, with the initial 2.53% APY on qualifying balances up to $25k in effect the entire time. Qualifying balances greater than $25k earn 0.25%, with non-qualifying balances earning 0.05% APY.

The statement cycle qualifying requirements include:

  • At least 15 debit card purchases
  • Enroll and receive e-Statements
  • Log into online or mobile banking at least once during statement cycle

The Community Cash account has no monthly maintenance fee or minimum balance requirement, but does require a $100 minimum opening deposit. Domestic ATM fees will be reimbursed for the first five transactions up to a total of $19.99 per statement cycle, if qualifying requirements are met. ATMs fees up to $4.99 per single transaction will be reimbursed automatically, with fees of $5.00 or greater requiring a receipt. There is a limit of one Community Cash account per Social Security number and is intended only for personal use.


Headquartered in Rapid City, South Dakota, Black Hills Community Bank offers its Community Cash account to all South Dakota residents who have a valid Social Security number.

Opening a Community Cash account can be done online. Although the lobbies of the Rapid City and Spearfish branches are closed to walk-in traffic,

our local bankers are still available to assist you. If you need to schedule an appointment to meet with a bank representative, please contact us.

Black Hills Community Bank participates in both the Allpoint and Advantage ATM networks.

Bank Overview

Black Hills Community Bank has an overall health grade of "A" at, with a Texas Ratio of 4.13% (excellent), based on June 30, 2020 data. In the past year, Black Hills Community Bank increased its total non-brokered deposits by $40.36 million, an excellent annual growth rate of 14.82%. Please refer to our financial overview of Black Hills Community Bank (FDIC Certificate # 58723) for more details.

Black Hills Community Bank is a young bank, having been established in late 2007. Currently the 24th largest bank in South Dakota, Black Hills Community Bank has assets in excess of $368 million. Committed to serving the Rapid City and Spearfish communities, the Bank has donated more than $105,000 to 70 local non-profits, including Rural America Initiatives and Cornerstone Women and Children’s Home.

How Community Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by that are available in South Dakota and have maximum qualifying balances of at least $25k, Black Hills Community Bank’s Community Checking APY currently ranks second.

The above rates are accurate as of 8/28/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Rapid City checking accounts, reward checking accounts


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.