Physician Bank


at 3.02% APY*

Our Jumbo Deposit Account, created for Physicians, gives you a safe and secure place to build your nest egg.

Earn 3.02% APY* – This large-deposit Savings Account can help you maximize your earning potential. Flexible options ensure deposits up to $7 million are fully FDIC insured.

Physician Bank IconPhysician Bank

140 North Phillips Avenue #101A, Sioux Falls

4.9 61 reviews

  • Michael Bruck ★★★★★
    My experience with PhysicanBank was beyond excellent. I was looking for a particular type of financial instrument and made inquiry at several banks. It was Juanita Schmunk, VP Private … More Banking for Physicians, who made my experience seamless and painless. Before deciding on PhysicianBank I spoke with her several times. If she wasn't immediately available I received a timely call-back. She was extremely knowledgeable regarding available options and helped me choose the option that suited my needs. He demeanor was always upbeat, pleasant and filled with positive energy. When the paperwork rolled in, she was there to facilitate its completion and once completed she made sure that I was conversant with all features available on my account. It was an absolute pleasure to work with her. Michael Bruck

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Deposits insured by the FDIC to the maximum allowed by law. Insured Cash Sweep application required for up to $7 million of FDIC insurance.


Minimum Opening: $1,000.00
Minimum Balance: $0.01
Interest: Compounded and credited monthly


Let’s get started. By completing the short form, you will be connected to your Jumbo Account private banker who will answer all your questions. You may also give us a call at 1-888-632-2651.

This is an all-electronic account that must be managed online. No checks or debit cards are available with this account. No maturity date; no early withdrawal penalty. You are allowed six (6) withdrawals, of any type, per month. Any month you exceed this number, you will be charged a $30.00 service charge.
$15 per month fee if paper statements are mailed through the US Mail. $30 wire transfer fee waived for one outgoing domestic wire transfer per month. Unlimited incoming domestic wires at no charge. No financial institutions or brokers.
* APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened. A minimum balance of $230,000 is required to obtain the 3.02% APY. See additional APY Rates.

Interest Rates Effective Since December 27, 2022.

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