Savings

From Piggy Banks to Investment-Grade Money Markets

Contact us with any questions you may have.

Account FeaturesTraditionalMoney MarketPremium Money MarketFirst Dollars
Minimum Balance to Avoid Monthly Fee$200.00$2,500.00$25,000.00NONE
Below Minimum Fee- assessed per statement cycle if balance falls below the above stated amount$4.00$10.00$15.00NONE
ATM CardYESYESYESYES

For more information, check out our current savings deposit rates or the First National Bank of Elk River Deposit Account Terms and Conditions.

Traditional Savings

A great traditional savings account. The account has a low minimum balance requirement of $200. 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.  Maintain a minimum balance of $2500 to avoid a monthly fee.  Fall below the minimum balance and a $10 fee will be assessed at statement time.

Premium Money Market Savings

Investment quality rates for high balances.  Maintain a minimum balance of $25,000 to avoid a monthly fee.  Fall below the minimum balance and a $15 fee will be assessed at statement time.

First Dollars Savings

Teach your children or grandchildren the value of saving. No minimum balance and no monthly fees apply until they reach their 18th birthday.  Only a $25 deposit required to open this type of account.