Looking for a way to save money and earn interest? Check out our Statement Savings Account.
Benefits:
- Interest compounded daily, paid quarterly1
- ATM cash withdrawals allowed with The Bank Cash Card or The Bank Cash & Check Card
- Free quarterly statement (monthly if on combined statement with another account)
- Free deposit and withdrawal slips
- Free online banking
- Free eMobile banking
Requirements:
- $25 minimum opening deposit.
- Maintain a monthly minimum balance of $100 or a $3 monthly balance fee will be charged.
- For every withdrawal and/or transfer over six in a one-month timeframe, a debit item fee of $1.50 fee will be charged.
1 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 daily and credited to your account on your monthly or quarterly 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.
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The Bank of Elk River proudly serves the financial needs of individuals & businesses in Elk River, Otsego, Zimmerman & surrounding communities.
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