One American Bank

Overview / Commentary
549 Broadway
Centerville, SD 57014

One American Bank is headquartered in CENTERVILLE and is the 22nd largest bank in the state of South Dakota. It is also the 1,872nd largest bank in the nation. It was established in 1883 and as of March of 2024, it had grown to 46 employees at 3 locations. One American Bank's CD rates are 2X the national average, and it has a B+ health rating.

Related Posts

High Yield Savings And Checking Accounts. - 1/25/2024

One American Bank is offering a high yield savings account with an APY of 4.75% on balances over $50K. It is called the Savings + account. The high yield checking account pays 3.75% APY on all balances over $10K. It is called the Premium + Checking account.

5 And 11 Month CD At 5.40% APY CD Special, Online Or In Branch - 1/22/2024

One American Bank 2 cd specials: 5 Month CD min $5K at 5.40% APY 11 Month CD MIn $50K at 5.40% APY You can do this online or in branch. New products for checking and Savings accounts: Premium + Checking will Pay 3.75% APY on any balance over 10K no cap. Savings + is a High Yield Savings account and any Balance over $50K will pay 4.75% no cap.

One American Bank Has Nationally Available Short-Term CD Specials - 8/28/2023

One American Bank has added a nationally available 170-day CD Special with a rate-leading APY. Minimum opening deposit is $100k, with no stated balance cap.

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Reviews (2)

In Person Only.

I contacted them about the 9 month CD. This was their response. "My name is Cade W. and I am responding to your online inquiry in regards to our Certificate of Deposit. Currently the only way to open these accounts are in Person and one of our South Dakota branches. If you do not live locally we hope to have an online account opening process ready to launch in the somewhat near future. If our rates continue to be awesome I would be happy to e-mail you when that time comes."

Run From This Bank

Posted by: |

Very disappointed with this Bank & their CS as they offered NO resolution to my issue! Unfortunately, after paying off the balance I received another statement for additional payment. I feel this is an error as I paid off Loan in FULL. I left a msg on their website to dispute the extra charges & no one contact me.. Very BAD experience with this Bank.. I do not recommend One American Bank to Anybody.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. One American Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #6078
Year Established1883
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.29%
Return on Equity - YTD-13.25%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$463.9MM$434.3MM
LoansQ1 2024vs Q1 2023$323.2MM$345MM
DepositsQ1 2024vs Q1 2023$322.9MM$341.7MM
Equity CapitalQ1 2024vs Q1 2023$43.8MM$35.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.8MM$3.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.9MM$1.6MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not One American 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.

One American Bank Savings Account Rates

4.75%*$50k*-Savings Plus
OTHER TIERS: 2.25% $0 - $10k | 3.00% $10k - $25k | 4.00% $25k - $50k
1.00%*$1k*-Simply Savings
OTHER TIERS: 0.25% $0 - $300 | 0.75% $300 - $1k

One American Bank Checking Account Rates

3.75%*$10k*-Premium Plus Checking
OTHER TIERS: 1.00% $0 - $2.5k | 2.00% $2.5k - $10k

One American Bank CD Rates

5.12%$5k-5 Month CD Special
5.01%$50k-11 Month CD Special
4.91%$500-6 Month CD
3.25%$500-3 Month CD
2.36%$500-60 Month CD
1.96%$500-12 Month CD
1.96%$500-15 Month CD
1.96%$500-24 Month CD
1.96%$500-30 Month CD
1.96%$500-48 Month CD

One American Bank Locations
49th St3310 West 49th StreetSioux Falls, SD 57106
Sioux Falls Branch515 South Minnesota AvenueSioux Falls, SD 57104
One American Bank549 Broadway StCenterville, SD 57014

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