Bank · FDIC insured
Merchants State Bank CD Rates
Merchants State Bank’s best CD rate is 4.00% APY on an 11-month CD. Terms run from 3 months to 5 years. Rates checked October 22, 2026.
How Merchants State Bank’s CD rates compare
Compared with banks and credit unions near Sioux Falls, SD-MN, where Merchants State Bank has the most branches. $10,000, best rate first.
This bank’s best
Merchants State Bank
4.00%APY
- Term
- 11 months
- Minimum
- $5,000
- Earns on $10,000
- $366
CD SPECIAL
Top rate
Quoin Financial Bank
4.60%APY
- Term
- 13 months
- Minimum
- $5,000
- Earns on $10,000
- $499
2nd-highest rate
CorTrust Bank
4.30%APY
- Term
- 36 months
- Minimum
- $500
- Earns on $10,000
- $1,346
Merchants State Bank CD score
84
CD score
Higher than 68% of U.S. banks and credit unions
- 3–8 months3–8 mo2.85%
- 9–15 months9–15 mo4.00%
- 16–30 months16–30 mo3.25%
- 31–60 months31–60 mo4.00%
- QualifiedQualified4.00%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Merchants State Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
CD SPECIAL
4.00%APY · 1 term
A penalty may be imposed for early withdrawal. Interest will be credited semi-annually. $5,000 minimum deposit required for CD terms. Must compound interest, auto renews for 12 months.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 11 monthsMust compound interest, auto renews for 12 months. Interest credited semi-annually. Early withdrawal penalty may apply | 4.00% | $366 |
Sources (1)
- msb-sd.com/products/rates · captured Oct 22, 2026
Certificates of Deposit
Up to 4.00%APY · 9 terms
Terms from 3 months to 5 years. Interest can be compounded back into the CD or directly deposited to your Merchants State Bank checking or savings account. A penalty may be imposed for early withdrawal. Interest will be credited annually or more frequently. $100 minimum deposit required for CD terms, unless special noted.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 months | 2.75% | $68 |
| 6 months | 2.85% | $141 |
| 12 months | 3.50% | $350 |
| 18 months | 3.25% | $491 |
| 24 months | 3.25% | $661 |
| 30 months | 3.25% | $832 |
| 36 months | 3.50% | $1,087 |
| 48 months | 3.50% | $1,475 |
| 60 months | 4.00% | $2,167 |
Sources (2)
All captured Oct 22, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.