If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts. 
Savings account rates across the nation will fluctuate over time, which means it’s important to check up on the latest rates near you and be sure you’re still earning the highest interest rate possible. Let’s examine what savings account interest rates are presently doing right now.
Current Rates in Rapid City, SD
Now that we’re in a new month, it’s a good time to take a look at current interest rates in Rapid City.
Rapid City Banking Rates has compiled a list of the best interest rates in the city for savings accounts and certificates of deposit. Find out if your accounts measure up or if it’s time to open a new one with a better rate.
It’s getting close to the end of March and CD rates in Rapid City have adjusted slightly since last month. If you’re looking for a competitive CD rate to boost your savings, take a look at the latest rates for various term lengths below:
Best Rapid City 6-Month CD Rates
- Rapid City Telco Credit Union: 1.76%
- Dakota Star Credit Union: 1.31%
- Minuteman Community Credit Union: 1.25%
Highest 12-Month CD Rates in Rapid City
- Rapid City Telco Credit Union: 2.22%
- Dakota Star Credit Union: 1.96%
- Minuteman Community Credit Union: 1.5%
Top 24-Month CD Rates in Rapid City
- Rapid City Telco Credit Union: 2.37%
- Dakota Star Credit Union: 2.02%
- Minuteman Community Credit Union: 1.6%
Please note that these rates are accurate as of the publish date but are subject to change at any time in the future.
It’s almost springtime, which is the perfect time to clean up your financial situation. If you’re looking for the best savings account in Rapid City to get your finances back on track, Rapid City Banking Rates can help you find them.
The average savings account interest rate in Rapid City is presently 0.17% APY, but there are plenty of financial institutions nearby with better rates to offer. Below is a list of the current highest savings rates in and around Rapid City:
Rapid City Banking Rates wants to help you plan for all your most important financial commitments. Maybe you want a bigger home, or even a second one down near Custer State Park. We assist you in finding the right rates to suit your needs. Rates options include:
- Rapid City, South Dakota mortgage refinance rates
- Rapid City, South Dakota insurance rates for homes and automobiles
- More banking rate information available from US Banking Rates
No matter how much money you make or how strong your credit may be, Rapid City Banking Rates could help you find the right rate information for your needs. Our network of Rapid City bank lenders , insurance brokers and mortgage providers is eager to share their expertise with you. Before you open an account, be sure to get your free credit report.
Rapid City Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Rapid City Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
