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First Dakota National Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% 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
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.75%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.firstdakota.com
605-665-7432
225 Cedar Street
Yankton, SD 57078

First Dakota National Bank is headquartered in YANKTON and is the 8th largest bank in the state of South Dakota. It is also the 428th largest bank in the nation. It was established in 1872 and as of September of 2024, it had grown to 354 employees at 17 locations. First Dakota National Bank's money market rates are 6X the national average, and it has an A health rating.

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Reviews (2)

Do Not Bank Here

Posted by: |

I’ve had two of my accounts closed without notice or explanation. I had a new checking account for one month before it was closed out with zero explanation. It’s impossible to keep an account open if you don’t have a minimum of $100 just sitting in it that you cannot use. I hate this bank and have never had more problems with a company in my life. It is not right to close out an account without notice or explanation. I could have at least received an email that my account was closed, but I received NOTHING.

2

Fraud Charges And Response.

Posted by: |

Luckily I was at my house. Awaken by my phone to fraud charges. I am glad that I was alerted, but now my card is closed. I have to travel out of town and have no way of accessing my money. NOBODY in the office. Its Sunday. Supposed to have a wonderful high class bank. NOT HAPPENING. This bank contacted my ex wife about the charges. She was supposedly removed from it. All information updated. That never happened. Guess I will start looking for a new bank.

2


Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #4028
Year Established1872
Employees354
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD11.87%
Annual Interest Income$119.1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$2.9B$2.85B
LoansQ3 2024vs Q3 2023$2.33B$2.29B
DepositsQ3 2024vs Q3 2023$2.62B$2.61B
Equity CapitalQ3 2024vs Q3 2023$269.2MM$226.5MM
Loan Loss AllowanceQ3 2024vs Q3 2023$29.2MM$27.2MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$15.1MM$2.3MM
Real Estate OwnedQ3 2024vs Q3 2023$270K$68K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% 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
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.75%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Dakota National Bank; 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.

First Dakota National Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.88%$0-eSavings Account
0.75%$0-Statement Savings
0.75%$0-Business Statement Savings - Online
0.75%$0-Agriculture Statement Savings - Online

First Dakota National Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.84%*$500k*-First Choice Money Market
OTHER TIERS: 1.31% → $10k - $25k | 1.51% → $25k - $100k | 2.17% → $100k - $150k | 2.32% → $150k - $500k
2.84%*$500k*-Business First Choice Money Market - Online
OTHER TIERS: 1.31% → $10k - $25k | 1.51% → $25k - $100k | 2.17% → $100k - $150k | 2.32% → $150k - $500k
2.84%*$500k*-Agriculture First Choice Money Market - Online
OTHER TIERS: 1.31% → $10k - $25k | 1.51% → $25k - $100k | 2.17% → $100k - $150k | 2.32% → $150k - $500k

First Dakota National Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$500k*-Just 1 Business Checking Account - Online
OTHER TIERS: 0.30% → $0 - $25k | 0.40% → $25k - $100k | 0.50% → $100k - $250k | 0.60% → $250k - $500k
0.50%*$100k*-First Partners Checking
OTHER TIERS: 0.15% → $500 - $25k | 0.25% → $25k - $50k | 0.35% → $50k - $100k
0.50%*$100k*-Small Business Checking with Interest - Online
OTHER TIERS: 0.25% → $0 - $5k | 0.30% → $5k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $100k
0.25%*$25k*-Classic Choice Checking
OTHER TIERS: 0.12% → $0 - $500 | 0.15% → $500 - $5k | 0.20% → $5k - $25k
Locations

Availability

Sioux Falls Area

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