The Bank of Elk River serves the financial needs of individuals and businesses in Elk River, Otsego, and Zimmerman Minnesota.
CDs & IRAs
Certificates of Deposit (CD)
If you need to maximize your earnings, our CD’s allow you to invest funds for a specified period of time. Whether long-term or short, our CD’s are designed to give you the most competitive rates available.
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Individual Retirement Accounts (IRA)
Traditional IRAs allow you to save for your retirement on a tax-deferred basis. Roth IRAs offer no initial income tax deferral; however, your earnings grow tax free. Certificates of Deposit as the investment vehicle ensure your retirement savings will grow safe and secure.
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