First PREMIER Bank

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Based on 1 review

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CURRENT TOP RATE

7 Month CD Special

Overview / Commentary

www.firstpremier.com

605-357-3000

500 S. Minnesota Ave
Sioux Falls, SD 57104

First PREMIER Bank is headquartered in SIOUX FALLS and is the 8^th largest bank in the state of South Dakota. It is also the 423^rd largest bank in the nation. It was established in 1914 and as of March of 2023, it had grown to 380 employees at 15 locations. First PREMIER Bank's money market rates are 7X the national average, and it has a B+ health rating.

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2014

5/31 - Shame On First Premier Bank: You Get An F

Reviews (1)

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Poor Online Service

Posted by: Anonymous | Jan 2, 2012

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.

Comment

3

Health

B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6085
Year Established	1914
Employees	380
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.7%
Return on Equity - YTD	13.54%
Annual Interest Income	$29.4MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$2.74B$3.48B
Loans	Q1 2023vs Q1 2022	$1.83B$1.56B
Deposits	Q1 2023vs Q1 2022	$2.29B$3.13B
Equity Capital	Q1 2023vs Q1 2022	$349.4MM$336.6MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$27.2MM$23.7MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$879.00K$1.3MM
Real Estate Owned	Q1 2023vs Q1 2022	$621.00K$971.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.27%	-	-	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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.04%^*	$500k^*	-	PREMIER Money Market
OTHER TIERS: 0.50% → Up to $10k \| 0.75% → $10k - $25k \| 1.00% → $25k - $50k \| 1.25% → $50k - $100k \| 1.76% → $100k - $250k \| 2.27% → $250k - $500k
3.04%^*	$500k^*	-	Small Business PREMIER Money Market
OTHER TIERS: 0.50% → Up to $10k \| 0.75% → $10k - $25k \| 1.00% → $25k - $50k \| 1.25% → $50k - $100k \| 1.76% → $100k - $250k \| 2.27% → $250k - $500k
3.04%^*	$500k^*	-	Commercial PREMIER Money Market
OTHER TIERS: 0.50% → Up to $10k \| 0.75% → $10k - $25k \| 1.00% → $25k - $50k \| 1.25% → $50k - $100k \| 1.76% → $100k - $250k \| 2.27% → $250k - $500k

First PREMIER Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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: 0.10% → Up to $500 \| 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: 0.10% → Up to $500 \| 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.81%	$10k	-	7 Month CD Special
4.81%	$10k	-	Small Business 7 Month CD Special
4.81%	$10k	-	Commercial 7 Month CD Special
4.28%	$10k	-	17 Month CD Special
4.28%	$10k	-	Small Business 17 Month CD Special
4.28%	$10k	-	Commercial 17 Month CD Special
3.50%	$500	-	60 Months to <72 Months CD - Reward Rate
3.50%	$500	-	Small Business 60 Months to <72 Months CD - Reward Rate
3.50%	$500	-	Commercial 60 Months to <72 Months CD - Reward Rate
3.25%	$500	-	48 Months to <60 Months CD - Reward Rate
3.25%	$500	-	Small Business 48 Months to <60 Months CD - Reward Rate
3.25%	$500	-	Commercial 48 Months to <60 Months CD - Reward Rate
3.10%	$500	-	60 Months to <72 Months CD
3.10%	$500	-	Small Business 60 Months to <72 Months CD
3.10%	$500	-	Commercial 60 Months to <72 Months CD
3.00%	$500	-	36 Months to <48 Months CD - Reward Rate
3.00%	$500	-	Small Business 36 Months to <48 Months CD - Reward Rate
3.00%	$500	-	Commercial 36 Months to <48 Months CD - Reward Rate
2.85%	$500	-	48 Months to <60 Months CD
2.85%	$500	-	Small Business 48 Months to <60 Months CD
2.85%	$500	-	Commercial 48 Months to <60 Months CD
2.75%	$500	-	24 Months to <36 Months CD - Reward Rate
2.75%	$500	-	Small Business 24 Months to <36 Months CD - Reward Rate
2.75%	$500	-	Commercial 24 Months to <36 Months CD - Reward Rate
2.60%	$500	-	36 Months to <48 Months CD
2.60%	$500	-	Small Business 36 Months to <48 Months CD
2.60%	$500	-	Commercial 36 Months to <48 Months CD
2.53%	$10k	-	1 Month CD Special
2.53%	$10k	-	Small Business 1 Month CD Special
2.53%	$10k	-	Commercial 1 Month CD Special
2.50%	$500	-	12 Months to <24 Months CD - Reward Rate
2.50%	$500	-	Small Business 12 Months to <24 Months CD - Reward Rate
2.50%	$500	-	Commercial 12 Months to <24 Months CD - Reward Rate
2.35%	$500	-	24 Months to <36 Months CD
2.35%	$500	-	Small Business 24 Months to <36 Months CD
2.35%	$500	-	Commercial 24 Months to <36 Months CD
2.26%	$500	-	6 Months to <12 Months CD - Reward Rate
2.26%	$500	-	Small Business 6 Months to <12 Months CD - Reward Rate
2.26%	$500	-	Commercial 6 Months to <12 Months CD - Reward Rate
2.10%	$500	-	12 Months to <24 Months CD
2.10%	$500	-	Small Business 12 Months to <24 Months CD
2.10%	$500	-	Commercial 12 Months to <24 Months CD
2.01%	$500	-	30 Days to < 6 months CD - Reward Rate
2.01%	$500	-	Small Business 30 Days to < 6 months CD - Reward Rate
2.01%	$500	-	Commercial 30 Days to < 6 months CD - Reward Rate
1.86%	$500	-	6 Months to <12 Months CD
1.86%	$500	-	Small Business 6 Months to <12 Months CD
1.86%	$500	-	Commercial 6 Months to <12 Months CD
1.61%	$500	-	30 Days to < 6 months CD
1.61%	$500	-	Small Business 30 Days to < 6 months CD
1.61%	$500	-	Commercial 30 Days to < 6 months CD

First PREMIER Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.81%	$10k	-	7 Month IRA Special
4.28%	$10k	-	17 Month IRA Special
3.50%	$500	-	60 Months to <72 Months IRA - Reward Rate
3.25%	$500	-	48 Months to <60 Months IRA - Reward Rate
3.10%	$500	-	60 Months to <72 Months IRA
3.00%	$500	-	36 Months to <48 Months IRA - Reward Rate
2.85%	$500	-	48 Months to <60 Months IRA
2.75%	$500	-	24 Months to <36 Months IRA - Reward Rate
2.60%	$500	-	36 Months to <48 Months IRA
2.53%	$10k	-	1 Month IRA Special
2.50%	$500	-	12 Months to <24 Months IRA - Reward Rate
2.35%	$500	-	24 Months to <36 Months IRA
2.26%	$500	-	6 Months to <12 Months IRA - Reward Rate
2.10%	$500	-	12 Months to <24 Months IRA
2.01%	$500	-	30 Days to < 6 months IRA - Reward Rate
1.86%	$500	-	6 Months to <12 Months IRA
1.61%	$500	-	30 Days to < 6 months IRA

Locations

Availability

Sioux Falls Area

Sioux Falls Area bank & credit union details

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