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Earn Interest with this checking account & enjoy the many perks of Ultimate Checking.

January 28, 2021


Learn more about the other checking options available!


  • Free Digital Banking
  • Free Mobile Deposit Banking
  • Free Bill Pay
  • Free eStatements or paper statement
  • Free The Bank Cash & Check Card with unlimited credits/debits7
  • Free check options
  • Earns tiered interest2,3
  • No bank fees for ATM transactions8
  • 1/2% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account1,6
  • $25 discount annually on Safe Deposit Box rental5
  • No fee for Cashiers Checks or MoneyGram money orders
  • Automatic transfers, automatic loan payments and direct deposit options


  • $10,000 combined deposit balances4
  • $25 minimum opening deposit
  • $15 monthly balance fee if balance requirement is not met

1Subject to credit approval.

2Your 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 non-cash 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.

3This is a tiered rate account. Your interest rate and annual percentage yield may change based on the daily balance in your account.

4Balances can include checking, savings, CD or IRA accounts.

5Subject to availability.

6See lender for qualified loan products.

7Daily dollar limits apply. Contact a Personal Banker for further information. Lost or damaged card fees may apply.

8ATM owner fees may apply