ultimate BANKING

Relationship Banking Benefits listed below are included with all checking accounts:

Additional Benefits:

  • No bank fee for out-of-network ATM transactions
  • 1/2% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account1,6
  • Free check options
  • $25 discount annually on Safe Deposit Box rent5
  • No fee cashiers checks, Travelers Express money orders
  • Tiered interest


  • Yes2,3


  • $10,000 combined deposit balances4

Monthly Balance Fee

  • $15 if requirements are not met

$25.00 minimum opening deposit required on all accounts (excluding Health Savings Accounts).

1 Subject to credit approval
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.
3 This is a tiered rate account.  Your interest rate and annual percentage yield may change based on the daily balance in your account.
4 Balances can include checking, savings, CD or IRA accounts.
5 Subject to availability.
6 Not available on first real estate mortgages; variable home equity lines of credit or Ready Reserve.