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South Dakota Bank Facts, Financials, News and Rates

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  • About South Dakota:
    South Dakota is home to the headquarters of 86 banks, and has 475 bank branches located within its borders.
  • South Dakota ranks 5th in the United States by asset size of the banks located there. SD banks have a combined asset size of $657 Billion.
  • Ranked by asset size, the largest bank headquartered in South Dakota is Wells Fargo Bank. The percentage of state bank assets held by Wells Fargo Bank is 83.98 %. On the opposite end of this spectrum is Mansfield State Bank, the smallest bank in South Dakota. Mansfield State Bank has a total asset size of $11 Million.
  • South Dakota has 177,666 full-time employees at the various banks headquartered there.
  • The average APY for a 12 month bank CD in South Dakota is 0.85 %, while the overnight auction rate at MoneyAisle for a 12 month certificate of deposit was 1.51 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in South Dakota!

South Dakota Banks - Fast Facts

  • Banks HQ in SD: 86
  • Number of SD Branches: 475
  • Average Branch Deposit Size: $157 Million
  • SD HQ Banks Employ : 177,666 full-time employees
  • SD HQ Banks Assets: $657 Billion
  • Biggest Bank HQ in SD (Assets): Wells Fargo Bank
  • Smallest Bank HQ in SD (Assets): Mansfield State Bank
  • % of US Bank Assets: 4.84 %

Data from FDIC as of 3/31/2009

Banks Headquartered in South Dakota

(Largest Banks by Asset Size)

Banks with Branches in South Dakota

(Largest Banks by Asset Size)

Check Current CD and Savings Rates

Recent National Live Auction CD Rates
for September 08, 2010

Term National Avg APY* Overnight
Auction APY†
High-Yield Savings Account Rates 0.18% 1.25%
3 Month CD Rates 0.24% 0.80%
9 Month CD Rates 0.57% 1.30%
1 Year CD Rates 0.57% 1.51%
2 Year CD Rates 0.92% 1.95%

More National CD Rates

Show me CD Rates offered to people from my state:

*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")