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First National Bank in Philip


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
Bonus Amount
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.fnbphilip.com
605-859-2525
103 E Oak Street
Philip, SD 57567

First National Bank in Philip is headquartered in PHILIP and is the 23rd largest bank in the state of South Dakota. It is also the 2,021st largest bank in the nation. It was established in 1906 and as of March of 2025, it had grown to 25 employees at 2 locations. First National Bank in Philip's money market rates are 8X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #3999
Year Established1906
Employees25
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.68%
Return on Equity - YTD16.02%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$422.8MM$362.1MM
LoansQ1 2025vs Q1 2024$234.8MM$227.3MM
DepositsQ1 2025vs Q1 2024$372.7MM$317.2MM
Equity CapitalQ1 2025vs Q1 2024$45.3MM$40.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.8MM$3.8MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$24K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
Bonus Amount
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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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank in Philip Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$25-Regular Savings
2.02%$25-Business Regular Savings
1.26%$5-Health Savings NOW Checking

First National Bank in Philip Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.56%*$200k*-Cash Management Account
OTHER TIERS: 2.02% → $0 - $2.5k | 2.32% → $2.5k - $25k | 2.63% → $25k - $50k | 2.94% → $50k - $100k | 3.25% → $100k - $200k

First National Bank in Philip Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1.5k-NOW Checking
1.00%$1.5k-Business NOW Checking

First National Bank in Philip CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$1k-3 Year CD
3.80%$1k-Business 3 Year CD
3.75%$1k-4 Year CD
3.75%$1k-Business 4 Year CD
3.70%$1k-2 Year CD
3.70%$1k-Business 2 Year CD
3.60%$1k-1 Year CD
3.60%$1k-Business 1 Year CD
3.53%$1k-6 Month CD
3.53%$1k-Business 6 Month CD
3.44%$1k-3 Month CD
3.44%$1k-Business 3 Month CD

First National Bank in Philip IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.06%$5-IRA Open Account
Locations


First National Bank in Philip Locations
First National Bank In Philip103 E OakPhilip, SD 57567
Faith Farmers Branch127 Main StreetFaith, SD 57626

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