The Bank of Elk River serves the financial needs of individuals and businesses in Elk River, Otsego, and Zimmerman Minnesota.
|Savings Account Type
|A $50.00 minimum is required to earn the stated APY||.01||.01|
|$.01 or more||.03||.03|
|Less than $999.99||.03||.03|
|$1,000.00 to $9,999.99||.05||.05|
|$10,000.00 and above||.07||.07|
|Money Market Plus|
|Less than $24,999.99||.11||.11|
|$25,000.00 to $49,999.99||.15||.15|
|$50,000.00 to $99,999.99||.20||.20|
|$100,000.00 to $249,999.99||.30||.30|
|$250,000.00 and above||.45||.45|
Last Rate Change: September 11, 2013
Interest rates and APY's may change daily. Account balance on tiered accounts determines interest rate and APY's.