The Bank of Elk River serves the financial needs of individuals and businesses in Elk River, Otsego, and Zimmerman Minnesota.
High-Yield Business Money Market Account*
Receive tiered high-yield rates with the liquidity of a Money Market savings account. Our tiered rates are designed to reward you as your balance increases. There is a $15 fee if you fall below the $10,000 minimum balance.
Money Market Plus Savings*
This account features tiered interest rates – so the higher your balance, the higher the rate of interest you receive. This account also offers limited check-writing ability. There is a $10 fee if you fall below the $5,000 minimum balance.
Money Market Savings*
This savings account offers tiered interest rates and limited check-writing ability. There is a $5 fee if you fall below the $1,000 minimum balance.
This is a basic savings plan. There is a $3 fee if you fall below the $100 minimum balance.
*Transaction limitations: 6 free debits per month with $1.50 per additional debit. (Limit of 6 transfers or withdrawals by check, debit card, or other methods payable to third parties.)
**Transaction limitations: 6 free debits per month with $.50 per additional debit.