Banking Rates & News

Sioux Falls Area

Including Aberdeen, Adrian, Agency Village, Alexandria, Alpena, Alvord, Arlington, Armour, Artesian, Ashton, and 189 other towns.

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Banking in the Sioux Falls Area

Sioux Falls is the largest city in South Dakota, with a population of nearly 170,000 people. It is in eastern South Dakota, just a few miles from the Minnesota border. The larger Sioux Falls region, which includes cities such as Mitchell, Aberdeen, Brookings, Watertown, Huron, Pierre, Yankton, Worthington and Vermillion, has about 250,000 people.

Sioux Falls is a major Midwestern financial center, and many national banks have credit card operations in the city, including Wells Fargo, CitiBank, Capital One, and First Premier Bank. There are 86 banks and 29 credit unions that have their headquarters in Sioux Falls or a city in the surrounding area. Notable institutions that are headquartered in the area include TCF National Bank, Great Western Bank and Dacotah Bank. The oldest institution that is active in the Sioux Falls area is First Dakota National Bank, which was established in 1872. Including all the banks that operate in the area, there are approximately 560 branches from more than 110 banks and 30 credit unions.

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Local Deals & News

Frontier Bank's Big Deal Cash Checking Available In Five States
Deal Summary: Big Deal Cash, 2.25% APY on qualifying balances up to $25k. Big Deal Saver, 0.75% APY on qualifying balances up to $50k. Availability: Online market area includes Iowa,
Business Account: Up To $2,000 For Up To $200K For 60 Days
The main take away hear is that this is about the only bank looking for new money. I received this in a mailing: My quick read of the requirements is
Wells Falsely Reports Customers Requested Loan Payment Deferrals..
NBCNews report...Could impact prior court agreements on post BK payment arrangements...and no notice!
Quoin Financial Bank Offers New Kasasa Cash Checking
UPDATE 5/28/2020: No longer available nationwide. Deal Summary: Free Kasasa Cash, 3.00% APY on qualifying balances up to $25k. Availability: Nationwide Hand, Hyde, and Minnehaha Counties, South Dakota Tomorrow’s Liquid
Rate Dropped To 2% Today From 3.50%
Noted as of today the Rewards Checking dropped to 2% versus 3.50%. Had it for two years. It was good while it lasted.
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