Savings

Interest Bearing Liquidity

First National Bank of Elk River provides its business customers with three specific liquid savings options. Contact us with any questions you may have or start an online application today.

Account FeaturesTraditional SavingMoney Market SavingsManaged Savings
Minimum Balance$200.00$2,500.00$25,000.00
Interest PaidMonthlyMonthlyMonthly
Below Minimum Fee$4.00$10.00$15.00

Traditional Savings

A great traditional savings account. The account has a low minimum balance of $200.00. If your balance falls below the minimum, you’ll pay a $4.00 fee for the month.

Money Market Savings

Competitive interest rates that increase as your account balance increases. There is a minimum balance requirement of $2500.00, and if your balance dips below the required levels, you’ll pay a $10.00 fee for the month.

Premium Money Market Savings

Investment quality rates for high balances.  There is a minimum balance requirement of $25,000.00, and if your balance falls below the minimum, you’ll pay a fee of $15.00 for the month.