Black Hills FCU (SD) Offers Competitive Long-Term CDs


Availability: Residents of 11 western and 9 central South Dakota counties.

Black Hills Federal Credit Union’s (BHFCU) 7-8 year CD and 7-8 year Ultimate CD currently offer a range of competitive tiered APYs.

The 7-8 year CD requires a minimum $500 opening deposit and has four rate tiers:

    2.40% APY, $500+; 2.50% APY, $25k+; 2.55% APY, $99k+; and 2.60% APY, $200k+.

2.60*%$200k-Black Hills Federal Credit Union7 to 8-Year CD
Accounts mentioned in this post. Rates as of October 24, 2016.

The 7-8 year Ultimate CD requires an open Ultimate Checking account, and has three rate tiers:

    2.60%, $25k+; 2.65%, $99k+; and 2.70%, $200k+.

2.70*%$200k-Black Hills Federal Credit Union7 to 8-Year Ultimate CD
Accounts mentioned in this post. Rates as of October 24, 2016.

Ultimate Checking

The Ultimate Checking is not a Rewards Checking Account, but a personal checking account that currently earns 0.08% APY on all balances. There is no minimum balance required to open an Ultimate Checking account, but a $1.5k minimum daily balance needs to be maintained to avoid the $7.50 monthly service fee.

0.08%$1,500-Black Hills Federal Credit UnionUltimate Checking
Accounts mentioned in this post. Rates as of October 24, 2016.

As stated in the Truth In Savings document, the Early Withdrawal Penalty reads as follows:

For certificates with terms of 36 months or more, the penalty is the greater of
2% of the amount withdrawn or 180 days of dividends on the amount withdrawn.


Headquartered in Rapid City, South Dakota, Black Hills Federal Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, volunteer, or attend school in the South Dakota counties of Buffalo, Butte, Custer, Dewey, Fall River, Haakon, Hughes, Hyde, Jerauld, Lawrence, Lincoln, Meade, McCook, Miner, Pennington, Sanborn, Stanley, Sully, Turner, or Ziebach eligible to join.

In addition, immediate family members and household members of eligible individuals also qualify for membership.

Joining BHFCU and opening a 7-8 year CD or Ultimate CD can be done online, or at any of 14 South Dakota branches located in Custer, Eagle Butte, Hot Springs, Pierre, Rapid City (6), Sioux Falls, Spearfish, Sturgis, and Wall.

Credit Union Overview

Black Hills Federal Credit Union (NCUA Charter # 4365) has an overall health grade of "A+" at, with a Texas ratio of 1.65% (excellent), based on June 30, 2016 data. In the past year, BHFCU increased its total deposit by $52.52 million, an excellent annual growth rate of 5.83%. Please refer to our financial overview of Black Hills Federal Credit Union for more details.

Black Hills Federal Credit Union is South Dakota’s largest credit union, with nearly 60,000 members and assets in excess of $1.08 billion. BHFCU and its employees actively participate in local charitable organizations and recently completed its 20th annual School Supply Drive, which benefits students in more than 60 schools in western and central South Dakota. Over the summer, BHFCU employees participated in the American Cancer Society’s Relay for Life (Pennington County), the National Multiple Sclerosis Society’s MS Walk, the South Dakota Department of Transportation’s Adopt-A-Mile Program (Rapid City, Pierre, and Wall), and the City of Pierre’s Go Green and Clean campaign.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by that are available within the FOM, Black Hills Federal Credit Union's 7-8 year CD and Ultimate CD various APYs (ranging from 2.40% and 2.70%) are substantially higher, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
2.70% APY7-8 year Ultimate CD ($200k min)Black Hills Federal Credit Union
2.60% APY7-8 year CD ($200k min)Black Hills Federal Credit Union
2.40% APY7-8 year CD ($100 min)Black Hills Federal Credit Union
2.01% APY84-Month Term CDNorthrop Grumman Federal Credit Union
2.00% APY7-Year CDKS StateBank

The above rates are accurate as of 10/12/2016.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of or our Rates Map page.

5.86% 31-Month CD at a South Dakota CU
Black Hills Federal Credit Union is having a certificate and IRA special. The best CD special is the 31 month term. The available APYs range from 5.50% to 6.07%. The minimum deposit for the 5.50% APY is $100. An APY of 5.75% is available with a minimum deposit of $25K. With an Ultimate Checking Account and $25K deposit, the APY is 5.86%.

The field of membership includes those who live, work, worship or attend school in any of the following South Dakota counties: Pennington, Custer, Fall River, Lawrence, and Meade.


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