Fargo may seem like time passes it by, but banking competition is alive and well in North Dakota’s largest city.  BlackRidgeBANK offers CD specials that are significantly above the national average.  At the present time the bank is advertising promotional interest rates on their 9 month and 18 month term CDs.  The 9 month bank CD earns an interest rate of 2.75% APY and the 18 month CD earns an interest rate of 3.25% APY.  In addition to these above average CD rates, BlackRidgeBANK offers a tiered money market account that also surpasses the national average for bank money market accounts.  The minimum balance of $1,000.00 is required to avoid a $10.00 monthly service fee.  At that balance, the interest rate earned is 1.90% APY.  With a balance of $25,000.00 or greater the interest rate increases to 2.10% APY.  And for the financial moguls of North Dakota that maintain a balance of $500,000.00 and greater the interest rate rises to 2.35% APY.

BlackRidgeBANK is an independent community bank.  Bank products provided by BlackRidgeBANK include personal and commercial checking, savings, loans, leases and more.  BlackRidgeBANK can process a full range of banking needs, from a single personal savings account to a complex commercial financing or a cash management solution.

It appears that the winter temperatures are not cold enough for the owners of BlackRidgeBANK, BlackRidge Financial.  BlackRidge Financial is a privately owned bank holding company that operates BlackRidgeBANK, Lakewood Bank and First State Bank of Alexandria.  Lakewood Bank and First State Bank of Alexandria operate out of Brainerd, Minnesota and Alexandria, Minnesota respectively.  The normal maximum temperature in Brainerd for this time of year is 16 degrees and the normal minimum is -4 degrees, the normal maximum temperature for Alexandria is 17 degrees and the minimum is 1 degree.  Of course for the bank customers, the above rates of return provided by BlackRidgeBANK just might warm them up in this present cold financial climate.

Interest rates are subject to change and additional conditions may apply to obtain the listed bank products.  A bank representative can be reached at 701-364-9050.  A variety of bank products, services and interest rates can be found on the bank website at www.blackridgebank.com.

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