Interest Rates

Rates are subject to change daily. All rates are set at the time of loan funding.

Ag/Business Loans

Direct Farm Real Estate Loan Rates
Effective for October 18, 2017
Direct Farm Real Estate Loan Rates
Effective for October 18, 2017
Rate Index Term Level I Level II Level III
Quarterly Adj. 25 Years 3.68% 4.18% 5.18%
Annual 25 Years 3.95% 4.45% 5.45%
3-Year Adj. 25 Years 4.31% 4.81% 5.81%
5-Year Adj. 25 Years 4.59% 5.09% 6.09%
7-Year Adj. 25 Years 4.85% 5.35% 6.35%
10-Year Fixed 10 Years 5.18% 5.68% 6.68%
10-Year Adj. 20 Years 5.43% 5.93% 6.93%
10-Year Adj. 25 Years *6.00% *6.50% *7.50%
25-Year Fixed 25 Years 5.93% 6.43% 7.43%
Direct Farm Real Estate Loan Rates
Effective for October 18, 2017
Rate Index Quarterly Adj.
Term 25 Years
Level I 3.68%
Level II 4.18%
Level III 5.18%
Rate Index Annual
Term 25 Years
Level I 3.95%
Level II 4.45%
Level III 5.45%
Rate Index 3-Year Adj.
Term 25 Years
Level I 4.31%
Level II 4.81%
Level III 5.81%
Rate Index 5-Year Adj.
Term 25 Years
Level I 4.59%
Level II 5.09%
Level III 6.09%
Rate Index 7-Year Adj.
Term 25 Years
Level I 4.85%
Level II 5.35%
Level III 6.35%
Rate Index 10-Year Fixed
Term 10 Years
Level I 5.18%
Level II 5.68%
Level III 6.68%
Rate Index 10-Year Adj.
Term 20 Years
Level I 5.43%
Level II 5.93%
Level III 6.93%
Rate Index 10-Year Adj.
Term 25 Years
Level I *6.00%
Level II *6.50%
Level III *7.50%
Rate Index 25-Year Fixed
Term 25 Years
Level I 5.93%
Level II 6.43%
Level III 7.43%
Bank of North Dakota charges no prepayment penalties for early payment. The maximum rate charged during the term of the loan will not increase by more than 6% from the initial interest rate on the quarterly, annual, 3-year, 5-year, 7-year and 10-year adjusted rates. The maximum loan will not exceed $3,000,000.
*Reflects interest rate floor.
Participation Daily Adjustable Loan Rate Indices
Rate Index Indications as of October 18, 2017 at 8:43 a.m. (CT)
Participation Daily Adjustable Loan Rate Indices
Rate Index Indications as of October 18, 2017 at 8:43 a.m. (CT)
Rate Index Index
1 Month LIBOR Link
3 Month LIBOR Link
FHLB 1 Year Advance Rate 1.70%
FHLB 2 Year Advance Rate 1.90%
FHLB 3 Year Advance Rate 2.06%
FHLB 5 Year Advance Rate 2.34%
FHLB 7 Year Advance Rate 2.60%
FHLB 10 Year Advance Rate 2.93%
Participation Daily Adjustable Loan Rate Indices
Rate Index Indications as of October 18, 2017 at 8:43 a.m. (CT)
Rate Index 1 Month LIBOR
Index Link
Rate Index 3 Month LIBOR
Index Link
Rate Index FHLB 1 Year Advance Rate
Index 1.70%
Rate Index FHLB 2 Year Advance Rate
Index 1.90%
Rate Index FHLB 3 Year Advance Rate
Index 2.06%
Rate Index FHLB 5 Year Advance Rate
Index 2.34%
Rate Index FHLB 7 Year Advance Rate
Index 2.60%
Rate Index FHLB 10 Year Advance Rate
Index 2.93%
Guaranteed Loan Purchase Program Rates
Effective for October 18, 2017
Guaranteed Loan Purchase Program Rates
Effective for October 18, 2017
Rate Index BND Net Rate + Lead Lender =Borrower Rate
Quarterly adjusted 2.43% + Service Fee =Borrower Rate
1-year Adjusted 2.70% + Service Fee =Borrower Rate
3-year Adjusted 3.06% + Service Fee =Borrower Rate
5-year Adjusted 3.34% + Service Fee =Borrower Rate
7-year Adjusted 3.60% + Service Fee =Borrower Rate
Guaranteed Loan Purchase Program Rates
Effective for October 18, 2017
Rate Index Quarterly adjusted
BND Net Rate 2.43%
+ +
Lead Lender Service Fee
=Borrower Rate =Borrower Rate
Rate Index 1-year Adjusted
BND Net Rate 2.70%
+ +
Lead Lender Service Fee
=Borrower Rate =Borrower Rate
Rate Index 3-year Adjusted
BND Net Rate 3.06%
+ +
Lead Lender Service Fee
=Borrower Rate =Borrower Rate
Rate Index 5-year Adjusted
BND Net Rate 3.34%
+ +
Lead Lender Service Fee
=Borrower Rate =Borrower Rate
Rate Index 7-year Adjusted
BND Net Rate 3.60%
+ +
Lead Lender Service Fee
=Borrower Rate =Borrower Rate
Daily Adjustable Treasury Loan Rate Indices (For reference only)
Rate Index Indications as of October 18, 2017 (Based on Prior Business Day Close)
Daily Adjustable Treasury Loan Rate Indices (For reference only)
Rate Index Indications as of October 18, 2017 (Based on Prior Business Day Close)
Rate Index Index
90-Day US Treasury Bill 1.09%
1-Year US Treasury Bill 1.40%
3-Year US Treasury Note 1.68%
5-Year US Treasury Note 1.96%
10-Year US Treasury Note 2.30%
Daily Adjustable Treasury Loan Rate Indices (For reference only)
Rate Index Indications as of October 18, 2017 (Based on Prior Business Day Close)
Rate Index 90-Day US Treasury Bill
Index 1.09%
Rate Index 1-Year US Treasury Bill
Index 1.40%
Rate Index 3-Year US Treasury Note
Index 1.68%
Rate Index 5-Year US Treasury Note
Index 1.96%
Rate Index 10-Year US Treasury Note
Index 2.30%

Student Loans

DEAL Student Loan (ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
DEAL Student Loan (ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Student/College Information Loan Fee Fixed Interest Rate Fixed APR* Variable Interest Rate Variable APR*
ND student attending a ND college 0% 4.78% 4.78% 2.82% 2.82%
ND student attending an out-of-state college 0% 4.78% 4.78% 2.82% 2.82%
Out-of-state student attending a ND college 0% 4.78% 4.78% 2.82% 2.82%
DEAL Student Loan (ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Student/College Information ND student attending a ND college
Loan Fee 0%
Fixed Interest Rate 4.78%
Fixed APR* 4.78%
Variable Interest Rate 2.82%
Variable APR* 2.82%
Student/College Information ND student attending an out-of-state college
Loan Fee 0%
Fixed Interest Rate 4.78%
Fixed APR* 4.78%
Variable Interest Rate 2.82%
Variable APR* 2.82%
Student/College Information Out-of-state student attending a ND college
Loan Fee 0%
Fixed Interest Rate 4.78%
Fixed APR* 4.78%
Variable Interest Rate 2.82%
Variable APR* 2.82%
* There is no difference between the interest rate and the Annual Percentage Rate (APR) because there are no fees for North Dakota residents or non-North Dakota residents attending a college in North Dakota. BND pays the fee for you. The APR calculation assumes a loan of $10,000, two disbursements 120 days apart, a fixed interest rate of 4.78% or a variable interest rate of 2.82%, a loan fee of 0% and a 10-year repayment term. The APR calculation also assumes that no payments are made by the consumer until 4.5 years (estimated in-school/grace period) after the first disbursement is made. Interest that accrues during in-school and grace periods (if not paid) is added to the balance when the loan enters repayment. Learn more about fixed and variable interest rates.
DEAL Student Loan (Non-ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
DEAL Student Loan (Non-ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Student/College Information Loan Fee Fixed Interest Rate Fixed APR* Variable Interest Rate Variable APR*
Out-of-state student attending a college in WI, MN, SD, WY or MT 3.75% 5.78% 5.92% 3.82% 4.12%
Student from WI, MN, SD, WY or MT attending school outside of ND 3.75% 5.78% 5.92% 3.82% 4.12%
DEAL Student Loan (Non-ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Student/College Information Out-of-state student attending a college in WI, MN, SD, WY or MT
Loan Fee 3.75%
Fixed Interest Rate 5.78%
Fixed APR* 5.92%
Variable Interest Rate 3.82%
Variable APR* 4.12%
Student/College Information Student from WI, MN, SD, WY or MT attending school outside of ND
Loan Fee 3.75%
Fixed Interest Rate 5.78%
Fixed APR* 5.92%
Variable Interest Rate 3.82%
Variable APR* 4.12%
* The Annual Percentage Rate (APR) is different from the actual interest rate if there are loan fees. The APR includes the loan fee and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, two disbursements 120 days apart, a fixed interest rate of 5.78% or a variable interest rate of 3.82%, a loan fee of 3.75% and a 10-year repayment term. The APR calculation also assumes that no payments are made by the consumer until 4.5 years (estimated in-school/grace period) after the first disbursement is made. Interest that accrues during in-school and grace periods (if not paid) is added to the balance when the loan enters repayment. Learn more about fixed and variable interest rates.
DEAL One Loan (ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
DEAL One Loan (ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Loan Fee Fixed Interest Rate Fixed APR* Variable Interest Rate** Variable APR*
0% 4.78% 4.78% 2.82% 2.82%
DEAL One Loan (ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Loan Fee 0%
Fixed Interest Rate 4.78%
Fixed APR* 4.78%
Variable Interest Rate** 2.82%
Variable APR* 2.82%
* There is no difference between the interest rate and the Annual Percentage Rate (APR) because there are no fees for North Dakota Residents. BND pays the fee for you. ** The variable interest rate will not increase by more than 1% per year and will never exceed 10%. Learn more about fixed and variable interest rates.
DEAL Consolidation Loan (Non-ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
DEAL Consolidation Loan (Non-ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Loan Fee Fixed Interest Rate Fixed APR* Variable Interest Rate** Variable APR*
3.75% 5.78% 6.59% 3.82% 4.71%
DEAL Consolidation Loan (Non-ND Rates)
These interest rates are available October 1, 2017 through December 31, 2017
Loan Fee 3.75%
Fixed Interest Rate 5.78%
Fixed APR* 6.59%
Variable Interest Rate** 3.82%
Variable APR* 4.71%
* The Annual Percentage Rate (APR) is different from the actual interest rate because the APR considers fees and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, a fixed interest rate of 5.78% or variable interest rate of 3.82%, a loan fee of 3.75% and a 10-year repayment term. ** The variable interest rate will never exceed 10%. Learn more about fixed and variable interest rates.

Prime Rates

Prime Rate Comparison
Prime Rate Comparison
Provider Prime Rate Effective Date
Bank of North Dakota Base Rate 4.25% 6/15/2017
Wall Street New York 4.25% 6/15/2017
Wells Fargo - Minneapolis 4.25% 6/15/2017
US Bank National Association 4.25% 6/15/2017
Citibank New York 4.25% 6/15/2017
Bank of America 4.25% 6/15/2017
Prime Rate Comparison
Provider Bank of North Dakota Base Rate
Prime Rate 4.25%
Effective Date 6/15/2017
Provider Wall Street New York
Prime Rate 4.25%
Effective Date 6/15/2017
Provider Wells Fargo - Minneapolis
Prime Rate 4.25%
Effective Date 6/15/2017
Provider US Bank National Association
Prime Rate 4.25%
Effective Date 6/15/2017
Provider Citibank New York
Prime Rate 4.25%
Effective Date 6/15/2017
Provider Bank of America
Prime Rate 4.25%
Effective Date 6/15/2017

Other Rates

FHLB Bank Advance Rates
US Treasury Rates
BND Base Rate History