Current Rates

Physician Bank Deposit Products

Today’s date is April 23, 2024.

Checking Accounts
Savings Account
Certificate of Deposit
Health Savings Account

CHECKING ACCOUNTS

Payroll Plus CHECKING

Earn 4.04% APY² with our highest interest-bearing checking account when qualifications are met.

$100 minimum opening deposit – interest compounds monthly.

Payroll Plus Rates effective as of April 1, 2024.

Qualifying Balances	Annual Percentage Yield
$0.01 – $100,000¹	4.04% APY² (Interest Rate: 3.97%)
$100,000.01 and greater¹	0.14% APY²
Non-qualifying balances	0.05% APY²

eCENTIVE CHECKING

Checking & debit card account with high interest rates when qualifications are met.

$100 minimum opening deposit – interest compounds monthly.

eCentive rates effective as of April 1, 2024.

Qualifying Balances	Annual Percentage Yield
$0.01 – $100,000¹	2.02% APY² (Interest Rate: 2.00%)
$100,000.01 and greater¹	0.14% APY²
Non-qualifying balances	0.05% APY²

Savings ACCOUNT

Jumbo Deposit

Our Jumbo Deposit account is an interest-bearing, high-yield savings account with flexible options to ensure deposits beyond the standard FDIC limit can be insured.

$1000 minimum opening deposit – interest compounds monthly.

Jumbo Deposit rates effective as of April 1, 2024.

Qualifying Balances	Annual Percentage Yield
$2,000,000 +¹	4.25% APY² (Interest Rate: 4.17%)
$230,000 +¹	3.02% APY² (Interest Rate: 2.98%)
$0.01 – $100,000¹	2.04% APY²
Non-qualifying balances	1.01% APY²

Certificate of Deposit

Triple Option CD

Unlike a traditional Certificate of Deposit (CD), our Triple Option CDs come with FDIC insurance and provide three valuable benefits:

$1000 minimum opening deposit – interest compounds monthly.

CD rates effective as of April 1, 2024.

Term	$2,000 Min. Balance³ for APY²	$25,000 Min. Balance³ for APY²	$75,000 Min. Balance³ for APY²
6 Month (Interest Rate)	5.06% APY² (5.00%)	5.06% APY² (5.00%)	5.06% APY² (5.00%)
12 Month	4.79%	4.79%	4.79%

Health Savings Account

Physician HSA

Designed for use with a high deductible health plan.

$30 minimum opening deposit ~ interest compounds monthly.

Health Savings Account rates effective as of April 1, 2024.

CALL 1-888-632-2651

Qualifying Min. Balances	Annual Percentage Yield
$5,000	3.02% APY²
$.01 to $4,999.99	1.01% APY²

¹ Must meet monthly requirements to receive qualifying interest rates. Once you meet the monthly qualifications, interest will be recalculated at the appropriate interest rate and eligible fees will be refunded.
² APY = annual percentage yield. Fees may reduce earnings. Interest rate may change after the account is opened.
³ Minimum balance to open the account and to obtain the stated APY.

140 North Phillips Avenue #101A, Sioux Falls

4.9 62 reviews

Tessa LaBounty ★★★★★ a month ago
I can not thank Julie Velline enough for the service she provided us during the home buying process. With the help of Julie and Physician Bank my husband and I were able to build our dream home. Julie was extremely knowledgeable and able … More to answer all of our questions (which as first time home buyers we had a lot of). She made the entire process run smoothly. I would definitely recommend Julie to anyone looking to buy or build a home, especially physician's who are interested in building their dream home as Physician Bank made the construction loan process so easy and seamless.
Kazvin Marfatia ★★★★★ 9 months ago
My fiancé and I are so grateful we got to work with Julie! As first time home buyers, the home buying process can be daunting but we honestly could not have had a better experience. Julie is available night and day to address any of our … More concerns and her responses are always very prompt. We valued how organized she is and would recommend her expertise to anyone. Thank you Julie!!! Looking forward to working with you again in the future 🙂
Kirbi Sullivan ★★★★★ 11 months ago
Matt was the best! Wonderful to work with and made the process so easy. Very responsive and easy to get ahold of 24/7. Great option for first time home buyers and young physicians in residency. My husband looked at several options for mortgages … More and the Physician Bank team was by far the best. Juanita was also wonderful and very helpful! Will definitely be recommending to other physicians looking to buy.
Cristina Toledo-Cornell ★★★★★ 11 months ago
I worked with Teresa DeWolf anf her awesome team and I could not be happier with their professionalism, engagement, efficiency and overral stellar costumer service. I have now referred her and her team at Physicians bank to other colleagues … More and family. She gave ne a great rate and I am a seasoned Buyer (4th home). The process is seameless and the app super user friendly. I could not have asked for a more seameless experience on getting a loan! Thank you!! Picture of my new home bellow!
Tony Captain ★★★★★ 9 months ago
Matt velline was an amazing mortgage loan originator. This was undoubtedly the most flawless and efficient process I have ever been involved in to obtain home mortgage loan. Rather the Spanish inquisition, I encountered a consummate professional … More who embodied sincerety and kindness. He was informative every step along the way and made the experience pleasant and tranquil. Matt made the process seem easy and comfortable. So, indeed wonderful loan mortgage originator that was the most superb!!!! Thank you physician bank for being the best ever in my book!!!! Also, Julie and Juanita were an intricate part of the process and great assets to the team!!! Kudos to all!!!!
Trinh To ★★★★★ 7 months ago
We had the utmost pleasure to work with Julie Velline. She is amazing!!! She helped us close the house in 4 days!! She honestly did God's work and made our dream come true. We were with another lender for 2.5 weeks and were not satisfied … More with their service. The previous lender clearly did not specialized in physician loans like we thought they do. Otherwise, they wouldn't have made the process more complicated than what it really is. It was the constant back and forth and none of our goals were being met. You would think there'll be minimal issues when you have 1 pharmacist and 1 medical physician in the household with 2 incomes. We had major headaches with the previous lender before we finally gave up on them and decided to be brave to reach out to a new lender during the buying process!! I called 1-2 other lenders and they all gave me the realistic answer of "No, we need at least 3-4 weeks to gather all the paperwork and process the loan". It was understandable considering we were with another lender for literally 2.5 weeks yet no loan was officially closed. I finally reached out to Julie for one final effort… and it was on Labor Day, 9/4! I did not anticipate any response due to the holiday and clearly all the banks would be closed. However, Julie responded!! She said they were closed for the holiday but she was willing to look over our documentation. I asked her if she can realistically help us close the loan on our closing date & she said "I don't see why not??". I was nearly in shock. My boyfriend and I sent over all the required documents. Julie and her processor literally worked around the clock for 2-3 days straight, I tell you! She was super responsive to her emails and worked like no other. She made sure to take care of us and to meet our goal of closing the house on 9/13/23. Honestly wow. Everyone we encountered during this buying process was nice and enjoyable to work with. They clearly know what they're doing and clearly have worked with other physicians and healthcare professionals before. They know how doctors live their life and their typical situations. They didn't have much questions regarding our background and finances. A+++ for Physician Bank and Julie! We are truly thankful for you.
Lindsey Haldiman ★★★★★ 9 months ago
Jeff Asche has been so great to work with and is extremely responsive and knowledgeable. My husband and I are so appreciative of his patient and willingness to explain the loan application process and all it entails. I HIGHLY recommend … More Jeff if you are looking for a mortgage lender!
Fernando Zayas Bazan ★★★★★ 10 months ago
Physician Bank helped me secure a home loan at a great interest rate. We just closed June 12th 2023! Thank you Ryan and Physician Bank for making this sooo smooth!
Benjamin Moreno ★★★★★ 10 months ago
This summer my wife and I purchased our first home and had the opportunity to work with Jeff Asche. Jeff was very responsive and punctual when it came to addressing any concerns, and his experience of the entire process was evident throughout. … More Most importantly, Jeff helped my wife and I accomplish our biggest objective out of the entire process. With his help, we managed to time our purchase perfectly with the end of our lease. I could not have imagined a smoother transaction without Jeff!
Carolyn Lussenhop ★★★★★ 10 months ago
I had a wonderful experience with Physician Bank and they worked very closely with me to help me purchase my first home. My mortgage officer, Chris, was extremely helpful throughout the entire process. She is very knowledgeable, accountable, … More and went above and beyond to ensure that we closed on our home very quickly. We will continue to work with Physician Bank in the future, and I would absolutely recommend them to anyone!
Carrie Nemeh ★★★★★ 10 months ago
We just closed on our new home today and couldn't be more impressed with the service provided by Ryan at Physician Bank! He was incredibly responsive from start to finish. This was our first time buying a home so we had a lot of questions … More and Ryan was so patient and helped us every step of the way. We were able to get into our first choice home and close within 30 days. After extensive research we were most impressed by the choices and service provided by Ryan at Physician Bank which is why we ultimately chose this lender. Thank you!
Jonathan Wolf ★★★★★ 9 months ago
Jean at Physicians Bank was amazing. She got my wife and I in our forever home and helped us navigate the loan process. She made herself available to answer all our questions and helped make the lending process as stress free as possible. … More A true pleasure to work with and will be recommending her to others.