Best 4-Year CD Rates in South Dakota, SD

You are viewing rates from banks across South Dakota

Below are four-year CD Rates from banks in South Dakota . Four-Year Certificates of Deposit (CD) are not as popular as the three and five year terms which means the rates often aren’t as competitive. The best four year cd rates are often only marginally above the 3 year rates. Nevertheless, for those who want to lock in a rate for a longer period of time, 4 year cds are worth a look.

SD - November 27, 2024

4 Year CD National Average : 0.81% ^?

Banks	APY	MIN	MILES ^?
Seattle Bank	3.80%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 4.65% → 4.55% → 4.20% → 4.05% → 3.80%
Rob H. \| Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More Reviews (2)
Capital One, National Association	3.55%	$0	-	Learn More
Rate History: 4.05% → 3.95% → 3.75% → 3.55%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Gateway First Bank	3.00%	$500	-	Learn More
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
Citizens	3.00%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
USAA Federal Savings Bank	2.50%	$1,000	-	Learn More
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Citibank, National Association	2.00%	$0	-	Learn More
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
JPMorgan Chase Bank, National Association	2.00%	$10,000	-	Learn More
Rate History: 2.00% → 2.50% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
One American Bank	1.96%	$500	-	Learn More
Jan \| Feb 6, 2021 After purchasing more than 6 homes and going through more than a dozen refinancing processes, I must say that this is the worst company I have ever had the misfortune of dealing with. It took these clowns ... Read More Reviews (2)
Ipswich State Bank	1.50%	$100,000	-	Learn More Add Review
Richland State Bank	1.31%	$10,000	-	Learn More Add Review
Merchants State Bank	1.30%	$10,000	-	Learn More Add Review
Heritage Bank National Association	1.15%	$2,000	-	Learn More
Rate History: 0.24% → 0.26% → 1.15%
WPT \| Nov 2, 2020 Got the account opened after weeks and finally got it funded and then they dropped the rate the next day and it is no longer competitive. Read More Reviews (14)
Great Plains Bank	1.10%	$100,000	-	Learn More Add Review
American State Bank	1.10%	$10,000	-	Learn More
Lindap \| Jun 25, 2020 If you need a simple answer you will have to jump through hoops and talk to people that are not connected to your bank. Plus when you try to return the call the number they call from is not a working numb... Read More Reviews (2)
Liberty National Bank	1.09%	$100,000	-	Learn More Add Review
First PREMIER Bank	1.08%	$500	-	Learn More Add Review
Plains Commerce Bank	1.05%	$1,000	-	Learn More Add Review
Campbell County Bank, Inc.	1.05%	$10,000	-	Learn More Add Review
Great Plains Bank	1.00%	$1,000	-	Learn More Add Review
Hingham Institution for Savings	1.00%	$1,000	-	Learn More Add Review
First National Bank in Philip	1.00%	$1,000	-	Learn More Add Review
Sunrise Bank Dakota	1.00%	$500	-	Learn More Add Review
Dacotah Bank	1.00%	$10,000	-	Learn More Add Review
Ipswich State Bank	1.00%	$10,000	-	Learn More Add Review
Central Bank	1.00%	$100,000	-	Learn More Add Review
Liberty National Bank	1.00%	$10,000	-	Learn More Add Review
1st Financial Bank USA	0.95%	$10,000	-	Learn More Add Review
Black Hills Community Bank, N.A.	0.95%	$100,000	-	Learn More Add Review
Black Hills Community Bank, N.A.	0.90%	$10,000	-	Learn More Add Review
Farmers State Bank	0.90%	$100,000	-	Learn More Add Review
The Farmers State Bank of Turton	0.90%	$10,000	-	Learn More Add Review
Security State Bank	0.90%	$10,000	-	Learn More Add Review
Farmers and Merchants State Bank	0.90%	$10,000	-	Learn More Add Review
Premier Bank	0.90%	$10,000	-	Learn More Add Review
Cornerstone Bank	0.90%	$10,000	-	Learn More
dionpayne \| Jun 28, 2017 showmethreethousanddollars Read More Reviews (1)
Quoin Financial Bank	0.85%	$10,000	-	Learn More Add Review
CorTrust Bank National Association	0.85%	$10,000	-	Learn More Add Review
BankNorth	0.85%	$10,000	-	Learn More Add Review
The Farmers and Merchants State Bank	0.85%	$10,000	-	Learn More Add Review
Bryant State Bank	0.85%	$10,000	-	Learn More Add Review
Heartland State Bank	0.84%	$10,000	-	Learn More Add Review
Western Dakota Bank	0.80%	$10,000	-	Learn More Add Review
Farmers State Bank	0.80%	$10,000	-	Learn More Add Review
First Savings Bank	0.80%	$10,000	-	Learn More
dionpayne \| Jun 28, 2017 showmefivethousanddollars Read More Reviews (1)
First Western Federal Savings Bank	0.75%	$10,000	-	Learn More Add Review
American Bank & Trust	0.75%	$10,000	-	Learn More Add Review
First Fidelity Bank	0.75%	$10,000	-	Learn More Add Review
Central Bank	0.75%	$10,000	-	Learn More Add Review
Security National Bank of South Dakota	0.75%	$10,000	-	Learn More Add Review
Farmers State Bank	0.70%	$500	-	Learn More Add Review
BankWest, Inc.	0.70%	$10,000	-	Learn More Add Review
Bank Midwest	0.70%	$10,000	-	Learn More Add Review
Commercial State Bank, of Wagner	0.65%	$10,000	-	Learn More Add Review
First Dakota National Bank	0.60%	$10,000	-	Learn More Add Review
First Bank & Trust	0.60%	$10,000	-	Learn More
BLONDEDOG \| Jan 12, 2023 Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months without any resolution. I haven't been presented any evidence in that time that ... Read More Reviews (2)
First National Bank	0.57%	$10,000	-	Learn More Add Review
The First National Bank in Sioux Falls	0.44%	$10,000	-	Learn More Add Review
First Interstate Bank	0.30%	$10,000	-	Learn More
kmills \| Nov 15, 2019 If you have a choice don't use these people for an auto loan. I called and got the loan pay off which I submitted electronically. I hadn't gotten any lean clearance info so I called. They said they held... Read More Reviews (2)
Farmers State Bank of Canton	0.20%	$10,000	-	Learn More Add Review
U.S. Bank National Association	0.15%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
KeyBank National Association	0.05%	$2,500	-	Learn More
Rate History: 0.03% → 0.05%
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association	0.03%	$100,000	-	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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PRODUCT INFORMATION

Four Year CDs - Branch Banks 2024

Four year CDs are a longer-term CD and offer a fixed rate for 4 years in return for a commitment to keep the money in the bank for this period of time. While savers can withdraw the money (termed "breaking the CD") high penalties make this undesirable. Generally, an individual should not invest in a four year CD unless they are comfortable parting with the money for this period of time.

Safety

Four year CDs from FDIC insured banks are insured up to FDIC limits (generally $250,000 per account holder per bank). If your deposit is over the FDIC limit then you may not receive the uninsured money in case of a bank failure. For this who remain within FDIC limits, the principal threat is inflation. The value of longer-term CDs are especially prone to be eaten away by inflation, especially if the CD is opened in a rising rate environment.

Interest

Four year CDs currently pay between .40-.60 percentage points more in interest than a one year CD. In general, CDs of this duration are best opened as part of a laddered CD portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years. To get a sense of rate trends, please visit our BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES OF FOUR YEAR CDs

Advantages of four year CDs

4 year CDs provide a fixed rate for the term of the CD
The rate is higher than a savings account or a 1 year CD to compensate for the longer term.
Branch-opened CDs can be done quickly in one day.

Disadvantages of four year CDs

The saver's money is locked away for four years unless they want to break the CD and pay a penalty.
In a rising rate environment, inflation will reduce the value of the money in the CD over time.
Branch CDs require the saver to visit a branch and be subjected to cross-sell pitches and other marketing tactics.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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South Dakota CD Rates – 4-Year

PRODUCT INFORMATION

Four Year CDs - Branch Banks 2024

Safety

Interest

ADVANTAGES AND DISADVANTAGES OF FOUR YEAR CDs

Advantages of four year CDs

Disadvantages of four year CDs

SAVINGS & CD CALCULATOR

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