CorTrust Bank Review

Start saving early with a Dino-Saver account, available to savers under 18 with an opening deposit of just $10.

Savers in Minnesota or South Dakota seeking reasonably attractive CD rates and a youth-focused account for a younger family member might find the right fit through CorTrust Bank. 

CorTrust Bank provides interest-bearing deposit products with competitive rates. While higher yields may be available elsewhere, its extensive branch network in Minnesota and South Dakota makes it a convenient choice for local residents seeking in-person banking services.

CorTrust Bank has been awarded as one of GOBankingRates’ best banks in South Dakota in 2025.

CorTrust Bank National Association Checking Account

CorTrust Bank offers three different checking account options: Premium Checking, Preferred Checking, and Personal Checking.

• Preferred and Personal Checking require a low opening deposit; Premium Checking requires a higher deposit.
• Premium and Preferred Checking include BaZing benefits like discounts, protection, and travel coverage.
• Premium Checking offers tiered interest based on your balance.
• All checking accounts have monthly fees ranging from low to moderate.

CorTrust Bank Checking Accounts

Start Banking

Best For

Banking in South Dakota

Mobile App

Low Monthly Fees

Loan Options

Investment Services

Valuable Benefits with Everyday Convenience

CorTrust Bank offers a range of checking accounts with low opening deposit requirements and benefits like local discounts, cell phone protection, and travel coverage through BaZing. While monthly fees apply, the accounts provide added value for everyday banking needs.

Fees

Up to $10

APY

Up to

Min Opening

$200

Pros

• The Premium Checking account is interest-bearing
• No minimum balance requirements for Preferred and Personal Checking
• Premium and Preferred accounts come with extra perks

Cons

• Minimum opening deposit of $100 or $2,500
• Monthly fees, which can be waived
• Physical locations are limited to Minnesota and Dakotas

Quick Take

The interest-bearing nature of the Premium Checking account is appealing. Plus, the Premium and Preferred options come with extra perks powered by BaZing. But the limited physical footprint and monthly fees might push you to look elsewhere. 

Show Pros, Cons and More

Hide Pros, Cons and More

CorTrust Bank National Association Savings Accounts

CorTrust offers a CorSavings Account, an IRA savings account, and a Dino-Saver account designed for savers under 18 years old.

• CorSavings offers tiered interest rates based on account balance.
• Dino-Saver accounts feature a consistent interest rate for all balances.
• Interest is compounded and paid quarterly for both accounts.
• Dino-Savers can open an account with a low minimum deposit.

CorTrust Bank Savings Accounts

Start Banking

Best For

Banking in South Dakota

Mobile App

Low Monthly Fees

Loan Options

Investment Services

Flexible Options for Every Saver

CorTrust Bank’s savings accounts provide flexible options with tiered interest rates and quarterly compounding. With a low minimum deposit for Dino-Saver accounts and benefits for higher balances in CorSavings, these accounts offer accessible and rewarding saving opportunities.

Fees

$10

APY

Up to

Min Opening

Variable

Pros

• Interest-bearing accounts put your funds to work
• Youth-focused Dino-Saver account can help minors establish good savings habits

Cons

• Only available for residents of South Dakota and Minnesota
• Relatively low APYs

Quick Take

While the money you tuck into a savings account with CorTrust Bank will grow, the APYs available are relatively lackluster. Plus, the accounts are limited to people living in South Dakota and Minnesota. 

Show Pros, Cons and More

Hide Pros, Cons and More

CorTrust Bank National Association CD Accounts

CorTrust Bank offers various rates and terms for its certificates of deposits, ranging from 91 days to 5 years.

• Most CDs require a $500 minimum deposit, with higher minimums for shorter terms.
• CDs from 182 days to 30 months offer the highest rates.
• The lowest rates apply to the shortest-term CDs.
• Early withdrawals incur penalties based on the term length.

CorTrust Bank CD Accounts

Start Banking

Best For

Banking in South Dakota

Mobile App

Low Monthly Fees

Loan Options

Investment Services

Secure Savings with Flexible Terms

CorTrust Bank’s CDs offer a variety of term lengths with competitive rates and flexible minimum deposit requirements. With higher returns for longer terms and clear early withdrawal policies, these CDs provide a secure and structured way to grow your savings.

Fees

No monthly fee

APY

Up to

Min Opening

$500

Pros

• Relatively attractive APYs
• No fees

Cons

• Higher APYs available elsewhere
• Limited physical branches

Quick Take

CorTrust Bank offers a range of CDs with respectable rates. But if you are looking to get the most bang for your buck, you’ll need to opt for one of the best CDs on the market through another financial institution.

Show Pros, Cons and More

Hide Pros, Cons and More

Banking Experience

CorTrust Bank offers several physical branches in Minnesota and South Dakota. But you don’t have to go to a branch to handle money management tasks because it offers a highly-rated mobile app. 

The CorTrust Bank app earned 4.1 out of 5 stars in the Google Play Store and 4.6 out of 5 stars in the Apple App Store. Generally, customers appreciate the straightforward nature of the app.

Comparable Bank Options 

If you don’t think CorTrust Bank is the right fit, try these other options on for size. 

Checking

Savings

CDs

SELECTED BANK

CorTrust Bank Checking Accounts

Start Banking

MOST COMPARABLE

4.5

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Ally Checking Account

Read Review

MOST COMPARABLE

American Express Bank Checking Account

Read Review

Fees

Fees

Fees

Up to $10

$0

No monthly service fee

APY

APY

APY

Up to

Min Opening

Min Opening

Min Opening

$200

$0

$0

SELECTED BANK

CorTrust Bank Savings Accounts

Start Banking

MOST COMPARABLE

4.5

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Ally Bank Savings Account 

Read Review

MOST COMPARABLE

4.7

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

American Express Bank High-Yield Savings Account

Read Review

Fees

Fees

Fees

$10

$0

$0

APY

APY

APY

Up to

Min Opening

Min Opening

Min Opening

Variable

$0

$0

SELECTED BANK

CorTrust Bank CD Accounts

Start Banking

MOST COMPARABLE

4.9

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Ally Bank CD Rates

Read Review

MOST COMPARABLE

4.7

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

American Express®, Member FDIC, CD Accounts

Read Review

Fees

Fees

Fees

No monthly fee

No monthly service fee

No monthly service fee

APY

APY

APY

Up to

Up to

Up to

Min Opening

Min Opening

Min Opening

$500

$0

$0

CorTrust Bank vs. Marcus by Goldman Sachs

For savers who want to get the most out of a certificate of deposit, Marcus by Goldman Sachs stands apart from the crowd. Its top-tier APYs allow you to make the most of your savings. Plus, you’ll only need a $500 minimum deposit for any term length. 

CorTrust Bank vs. EverBank

EverBank offers a stellar high-yield savings account. The 4.75% APY on all balances allows you to put your funds to work painlessly. Interest compounds daily and you won’t have to worry about monthly maintenance fees or minimum balance requirements.

Final Take

CorTrust Bank is best for Minnesota and South Dakota residents seeking a personalized banking experience with access to physical branches. The accounts offer plenty of perks and reasonable APYs, especially when you consider you’ll gain access to physical branches. But if you don’t live near a branch, finding another account option could be the right move.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 11, 2024. 

This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

To determine rankings for the Best CD Accounts of 2025, GOBankingRates considered the following factors (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) 12-month CD APY rate; (5) 60-month CD APY rate, and (6) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, factor (3) was weighed 2 times, and factors (4) and (5) were weighed 4 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 11, 2024.

To determine the Best Money Market Accounts of 2025, GOBankingRates analyzed the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) APY on the money market account; (5) the minimum balance needed to earn the APY; (6) monthly money market fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); and (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, and factor (4) was weighed 4 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 11, 2024.

Share This Article: