Best South Dakota CD Rates for Consumers with Good-Great Credit Scores

Are you in the market for the best certificate of deposit (CD) account rates? If you live in Sioux Falls, Brookings, Mitchell, or any other city in South Dakota, getting the best CD rates is crucial to ensuring that your savings can grow. 

At AdvisoryHQ, we understand the importance of conducting smart, thorough research on the best CD rates in SD. If you are searching for the best CD rates in Sioux Falls, Aberdeen, Rapid City, or any other city in South Dakota, you’ve come to the right place.

Are you in the market for a high yield account and searching for the best CD rates in Sioux Falls, Rapid City, Aberdeen, or any other city in South Dakota?

Or, are you looking for the highest CD rates in South Dakota for 1-month, 3-month, 6-month, 9-month, 1-year, 2-year, 3-year, or 5-year jumbo CDs?

If you’re looking for great rates on financial products in South Dakota, visit the SD rate table above to view the most current rates on financial products available for South Dakota residents. 

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Which South Dakota City Are You Located In?

Below is a list of the largest cities in South Dakota. Click here to go to the best rates in SD table displayed above to see the best rates and offers for financial products across the state.

Largest Cities in South Dakota

Population (2016)

Sioux Falls174,360
Rapid City74,048

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High Yield Savings Rates vs Best CD Rates in SD

Conducting thorough research is an essential task to finding and selecting the best CD rates in Sioux Falls, Mitchell, Watertown, Brookings, or other cities in the state of South Dakota.

However, you might also want to consider high-yield savings accounts in South Dakota. You may find that some online high-yield savings accounts offer much higher rates than even the best CD rates in SD.

Another alternative to the best CD rates in SD is to examine average percentage yields from financial institutions across the country, which can be a great way to broaden your search for the best ND rates on financial products.

Jumbo CD Rates in South Dakota

In addition to regular South Dakota CDs, some banks also offer jumbo CD rates. So, if you aren’t familiar with it already, what exactly is a jumbo CD?

A jumbo CD is a certificate of deposit account in which the account holder is required to deposit $100,000 or more.

Jumbo CDs are great for consumers because the bank offers higher CD rates in South Dakota in exchange for the higher deposit amount.

Something you should note, however, is that you’ll be penalized if you withdraw funds from your jumbo CD account before the agreed termination date.

Click here to visit the rates table above to view top offers and rates on financial products from leading providers in South Dakota. 

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Conclusion: Getting the Best CD Rates in South Dakota

Keep in mind that, in most cases, you won’t be able to withdraw funds from a CD until the account has matured, which may cause a problem for consumers that want liquidity.

At the same time, however, a CD is an ideal option for those who struggle with depleting their savings accounts before they have a chance to grow it.

Consider your financial goals, your current savings plan, and the best CD rates in South Dakota when deciding whether investing in a CD is right for you.

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CD, Saving and MMA Rate Table Disclaimer

Click here to read AdvisoryHQ’s disclaimer on the rate table(s) displayed on this page.

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AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.