Banking Rates & News

Sioux Falls Area

Including Sioux Falls, Mitchell, Aberdeen, Brookings, Watertown, Pierre, Huron, Yankton, Worthington, Vermillion, and 192 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

New 1.35% APY 3 Mo Savings Acct Promo
Open an eligible Citi Savings Account and earn 1.35% Promo Interest Rate / 0.41% APY ($25k minimum balance & qualifying deposit). .41% APY after the 3 mo promo period is
2- And 3-Year Brokered Cds
For those interested in possibly taking the plunge into brokered CDs, Wells Fargo has been offering some pretty good non-callable, new issue deals with 2- and 3-year maturities. Today on
Florida Citibank 30 Mo CD Special Is 1.51% APY, $10K Min
Going to this page: https://online.citi.com/US/banking/cd-ira/citi.action?ID=certificates-of-deposit for the Florida region shows a 1.51% APY with $10,000 minimum investment in a 30 month CD.
14-Month CD Special, 1.75% APY
14-month CD Special, 1.75% APY, $1k minimum Branches in Des Moines, Sioux City, and Sioux Falls.
Citibank Fined For Illegal Student Loan Servicing Practices
The Consumer Financial Protection Bureau recently took action against Citibank, N.A. for its student loan servicing practices. The CFPB outlined its charges against Citibank, the nation’s fourth largest bank, with
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