First PREMIER Bank


Overview / Commentary
605-357-3000
500 S. Minnesota Ave
Sioux Falls, SD 57104

First PREMIER Bank is headquartered in SIOUX FALLS and is the 7th largest bank in the state of South Dakota. It is also the 397th largest bank in the nation. It was established in 1914 and as of December of 2023, it had grown to 382 employees at 14 locations. First PREMIER Bank's money market rates are 8X the national average, and it boasts an A+ health rating.

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Reviews (1)

Poor Online Service

Posted by: |

Extremely slow online banking. It will usually take several days (as much as a week) for debit card purchases to appear, and when they do the dates will be wrong and the entries will be out of order. Most banks will show these transactions near-instantly, although as pending or pre-authorized. This is very weak considering it is 2012.

The bank uses fiserv.com to provide online banking, but billpaysite.com for bill pay, and some third service for pdf statements. The three services use separated enrollment/log in systems and present inconsistent interface.



Health
A+

Health Grade Components

Overall
FDIC Certificate #6085
Year Established1914
Employees382
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.61%
Return on Equity - YTD12.96%
Annual Interest Income$134.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$3B$2.75B
LoansQ4 2023vs Q4 2022$2.02B$1.8B
DepositsQ4 2023vs Q4 2022$2.44B$2.36B
Equity CapitalQ4 2023vs Q4 2022$380.6MM$338.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$29.8MM$27.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.8MM$519K
Real Estate OwnedQ4 2023vs Q4 2022$0$971K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First PREMIER 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 PREMIER Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.26%--Premier Kids Club Saving Account
0.45%--Regular Savings
0.45%--IRA Savings
0.40%--Small Business Regular Savings
0.40%--Commercial Regular Savings

First PREMIER Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%*$500k*-PREMIER Money Market
OTHER TIERS: 2.02% Up to $100k | 2.53% $100k - $500k
3.30%*$500k*-Small Business PREMIER Money Market
OTHER TIERS: 2.02% Up to $100k | 2.53% $100k - $500k
3.30%*$500k*-Commercial PREMIER Money Market
OTHER TIERS: 2.02% Up to $100k | 2.53% $100k - $500k

First PREMIER Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Reward Checking
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k
0.50%*$500k*-Small Business Low Volume Plus Interest
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $50k | 0.25% $50k - $150k | 0.30% $150k - $500k
0.50%*$500k*-Small Business High Volume Plus Interest
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $50k | 0.25% $50k - $150k | 0.30% $150k - $500k
0.50%*$500k*-Commercial High Volume Plus Interest
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $50k | 0.25% $50k - $150k | 0.30% $150k - $500k
0.50%*$500k*-Commercial Low Volume Plus Interest
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $50k | 0.25% $50k - $150k | 0.30% $150k - $500k
0.10%$500-Free+ Checking

First PREMIER Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.06%$10k-7 Month CD Special
5.06%$10k-Small Business 7 Month CD Special
5.06%$10k-Commercial 7 Month CD Special
4.74%$500-30 Days to < 6 months CD - Reward Rate
4.74%$500-Small Business 30 Days to < 6 months CD - Reward Rate
4.74%$500-Commercial 30 Days to < 6 months CD - Reward Rate
4.42%$10k-17 Month CD Special
4.42%$10k-Small Business 17 Month CD Special
4.42%$10k-Commercial 17 Month CD Special
4.38%$500-30 Days to < 6 months CD
4.38%$500-Small Business 30 Days to < 6 months CD
4.38%$500-Commercial 30 Days to < 6 months CD
4.29%$500-6 Months to <12 Months CD - Reward Rate
4.29%$500-Small Business 6 Months to <12 Months CD - Reward Rate
4.29%$500-Commercial 6 Months to <12 Months CD - Reward Rate
3.93%$500-6 Months to <12 Months CD
3.93%$500-Small Business 6 Months to <12 Months CD
3.93%$500-Commercial 6 Months to <12 Months CD
3.79%$500-12 Months to <24 Months CD - Reward Rate
3.79%$500-Small Business 12 Months to <24 Months CD - Reward Rate
3.79%$500-Commercial 12 Months to <24 Months CD - Reward Rate
3.44%$500-12 Months to <24 Months CD
3.44%$500-24 Months to <36 Months CD - Reward Rate
3.44%$500-Small Business 12 Months to <24 Months CD
3.44%$500-Small Business 24 Months to <36 Months CD - Reward Rate
3.44%$500-Commercial 12 Months to <24 Months CD
3.44%$500-Commercial 24 Months to <36 Months CD - Reward Rate
3.39%$500-36 Months to <48 Months CD - Reward Rate
3.39%$500-Small Business 36 Months to <48 Months CD - Reward Rate
3.39%$500-Commercial 36 Months to <48 Months CD - Reward Rate
3.29%$500-48 Months to <60 Months CD - Reward Rate
3.29%$500-60 Months to <72 Months CD - Reward Rate
3.29%$500-Small Business 48 Months to <60 Months CD - Reward Rate
3.29%$500-Small Business 60 Months to <72 Months CD - Reward Rate
3.29%$500-Commercial 48 Months to <60 Months CD - Reward Rate
3.29%$500-Commercial 60 Months to <72 Months CD - Reward Rate
3.09%$500-24 Months to <36 Months CD
3.09%$500-Small Business 24 Months to <36 Months CD
3.09%$500-Commercial 24 Months to <36 Months CD
3.04%$500-36 Months to <48 Months CD
3.04%$500-Small Business 36 Months to <48 Months CD
3.04%$500-Commercial 36 Months to <48 Months CD
3.01%$500-48 Months to <60 Months CD
3.01%$500-60 Months to <72 Months CD
3.01%$500-Small Business 48 Months to <60 Months CD
3.01%$500-Small Business 60 Months to <72 Months CD
3.01%$500-Commercial 48 Months to <60 Months CD
3.01%$500-Commercial 60 Months to <72 Months CD

First PREMIER Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.06%$10k-7 Month IRA Special
4.74%$500-30 Days to < 6 months IRA - Reward Rate
4.42%$10k-17 Month IRA Special
4.38%$500-30 Days to < 6 months IRA
4.29%$500-6 Months to <12 Months IRA - Reward Rate
3.93%$500-6 Months to <12 Months IRA
3.79%$500-12 Months to <24 Months IRA - Reward Rate
3.44%$500-12 Months to <24 Months IRA
3.44%$500-24 Months to <36 Months IRA - Reward Rate
3.39%$500-36 Months to <48 Months IRA - Reward Rate
3.29%$500-48 Months to <60 Months IRA - Reward Rate
3.29%$500-60 Months to <72 Months IRA - Reward Rate
3.09%$500-24 Months to <36 Months IRA
3.04%$500-36 Months to <48 Months IRA
3.01%$500-48 Months to <60 Months IRA
3.01%$500-60 Months to <72 Months IRA
Locations

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