Gate City Bank

Overview / Commentary
500 Second Avenue North
Fargo, ND 58102

Gate City Bank is headquartered in FARGO and is the 5th largest bank in the state of North Dakota. It is also the 354th largest bank in the nation. It was established in 1923 and as of December of 2023, it had grown to 669 employees at 46 locations. Gate City Bank's savings rates are 8X the national average, and it has a B+ health rating.

Reviews (2)

Love This Bank!

I absolutely love this bank! I've moved around for the last 10 years quite a bit, so I have used quite a few different banks (switching each time that I move). I started using Gate City Bank when I lived in Fargo, ND for a couple of years. I have since moved to the Twin Cities area, and they do not have any locations anywhere near me. I opened up an account with another bank here just so I can do some local banking transactions, but I just can't let go of my Gate City account. They have an excellent website and mobile app. As of this year, you can now deposit checks through that mobile app, so I can easily do long distance banking. The mobile app shows all of your recent transactions, which is the closest I've seen for real time balances. The only thing that doesn't show up right away is when you pay at the pump for gas. Anything else seems to show up right away. Also, they automatically reimburse your ATM fees immediately. The only thing that I can't do is deposit cash since they are not close to me. I kind of miss their fresh baked cookies too. :-)

Great Local Bank

Since my parents always banked with Wells Fargo, that is where I opened my first checking and savings account when I was in high school. I had those accounts through high school, college, and right up until before I was married. I also opened my first credit card with Wells Fargo when I was in college. Every year that went by my views and experience with Wells Fargo got worse and worse with bad customer service, endless annoying calls, and high fees. A few years ago my fiance and I decided to switch to a local North Dakota bank called Gate City Bank. The transition went smooth and I had a great first experience with the customer service at Gate City. It was a welcome environment in the smaller bank and the workers were great. Since opening checking and savings accounts with Gate city I have also gotten a car loan and mortgage through them. I found that they definitely had some of the best interest rates around. Every time I set foot in our bank I feel welcomed and get great service which is such a nice change from Wells Fargo. Our mortgage process with them was quick and a lot easier than I thought it would be since we were first time home buyers. I am very happy with Gate City Bank.


Health Grade Components

FDIC Certificate #27774
Year Established1923
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.67%
Annual Interest Income$125.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$3.5B$3.39B
LoansQ4 2023vs Q4 2022$2.85B$2.69B
DepositsQ4 2023vs Q4 2022$2.94B$2.91B
Equity CapitalQ4 2023vs Q4 2022$311.7MM$293.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$18.3MM$17.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$14.4MM$11.1MM
Real Estate OwnedQ4 2023vs Q4 2022$173K$139K
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Always verify rates and promotions with the bank or credit union. We are not Gate City 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.

Gate City Bank Savings Account Rates

4.10%*$50k*-High Yield Savings
OTHER TIERS: 0.35% Up to $50k
0.15%$100-Relationship Savings Account
0.15%$100-Business Relationship Savings Account
0.15%--Minor Savings
0.10%$200-Regular Savings Account
0.10%$200-Business Savings Account

Gate City Bank Money Market Rates

3.25%*$1m*-Business Money Market Savings
OTHER TIERS: 0.35% $500 - $25k | 0.50% $25k - $100k | 1.00% $100k - $250k | 1.75% $250k - $500k | 2.50% $500k - $1m
2.52%*$1m*-Money Market Savings Account
OTHER TIERS: 0.35% $500 - $25k | 0.40% $25k - $100k | 0.60% $100k - $250k | 1.26% $250k - $500k | 2.02% $500k - $1m

Gate City Bank Checking Account Rates

0.20%*$2.5k*-Premium Interest Checking Account
OTHER TIERS: 0.10% Up to $2.5k
0.01%--Non-Profit Interest Checking
0.01%--Benefit Interest Checking

Gate City Bank CD Rates

5.00%$1k-90 Day Relationship CD
5.00%$1k-182 Day Relationship CD
5.00%$1k-Business 90 Day Relationship CD
5.00%$1k-Business 182 Day Relationship CD
5.00%$1k-13 Month CD Special
5.00%$1k-Business 13 Month CD Special
4.49%$1k-182 Day CD
4.49%$1k-Business 182 Day CD
4.48%$1k-90 Day CD
4.48%$1k-Business 90 Day CD
4.25%$1k-25 Month CD Special
4.25%$1k-Business 25 Month CD Special
4.00%$1k-3 Year Relationship CD
4.00%$1k-Business 3 Year Relationship CD
3.75%$1k-4 Year Relationship CD
3.75%$1k-Business 4 Year Relationship CD
3.60%$1k-1 Year Relationship CD
3.60%$1k-Business 1 Year Relationship CD
3.50%$1k-3 Year CD
3.50%$1k-Business 3 Year CD
3.25%$1k-2 Year Relationship CD
3.25%$1k-4 Year CD
3.25%$1k-Business 4 Year CD
3.25%$1k-Business 2 Year Relationship CD
3.20%$1k-5 Year Relationship CD
3.20%$1k-Business 5 Year Relationship CD
3.10%$1k-1 Year CD
3.10%$1k-Business 1 Year CD
2.75%$1k-2 Year CD
2.75%$1k-Business 2 Year CD
2.70%$1k-5 Year CD
2.70%$1k-Business 5 Year CD

Gate City Bank IRA Rates

5.00%$100-90 Day IRA
5.00%$100-182 Day IRA
5.00%$100-13 Month IRA Special
4.25%$100-25 Month IRA Special
4.00%$100-3 Year IRA
3.75%$100-4 Year IRA
3.60%$100-1 Year IRA
3.25%$100-2 Year IRA
3.20%$100-5 Year IRA


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