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Carefree Checking

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Earn interest with this checking account and enjoy waived fees for those who are age 50 and older.

Benefits:

Free online banking
Free eMobile banking
Free Bill Pay
Free eStatements or paper statement
Free The Bank Cash & Check Card with unlimited credits/debits⁵
Free check options
Earns interest²
Access to a nationwide network of surcharge-free ATMs through the MoneyPass network
1/2% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account^1,4
$10 discount annually on Safe Deposit Box rent³
No fee for cashiers checks or MoneyGram money orders
Automatic transfers, automatic loan payments and direct deposit options

Requirements:

$750 minimum balance in checking
$25 minimum opening deposit
$10 monthly balance fee if minimum balance is not met
Balance fees are waived for customers age 50 or older

₁ Subject to credit approval.

₃ Subject to availability.

₂ Your interest rate and annual percentage yield may change at any time at our discretion. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example checks). Interest will be compounded monthly and credited to your account on every monthly statement. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings.

₄ See lender for qualified loan products.

₅ Daily dollar limits apply. Contact a Personal Banker for further information.