Relationship Banking – Something for Everyone
Relationship Banking – Something for Everyone
How do you beat this? No minimum balance requirement and no monthly fee! MasterCard Debit/ATM Card available upon request.
A special account that rewards First Bank Elk River customers for maintaining multiple accounts with our organization. Your personal checking and savings accounts, loans, lines of credit, certificates of deposit, and other investments can work together to offer additional benefits. Fall below the combined minimum balance of $10,000 and a $15 fee will be assessed at statement time.
A special for those aged 55 years and over, featuring an interest-bearing checking account with free or discounted personalized checks. Combined minimum balance of checking, savings, and CD accounts of $1,500. Fall below the combined minimum balance and a $10 membership fee will be assessed at statement time.
A Health Savings Account (HSA) is a tax-exempt custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. Competitive interest rates that increase as your balance increases.
Account Features | Freestyle | Lifestyle | First Friends | HSA |
---|---|---|---|---|
Available to | ALL | ALL | 55 & Better | ALL |
Minimum Opening Deposit | $50 | $50 | $50 | $25 |
Minimum Balance to Avoid Monthly Fee | NONE | $10,000 (1) | $1,500 (2) | $1,000 (3) |
Below Minimum Fee | NONE | $15 | $10 | $4 |
Interest Bearing | NO | YES | YES | YES |
Unlimited Check Writing | YES | YES | YES | YES |
MasterCard Debit/ATM Card | YES | YES | YES | YES |
Phone Banking | YES | YES | YES | YES |
Internet Banking | YES | YES | YES | YES |
No Fee Internet BillPay | YES | YES | YES | YES |
1/4% CD Rate Bonus | YES | YES | ||
No Fee Cashier’s Checks | YES | YES | ||
Ready Cash (4) | YES | YES | YES | |
Free/discounted Checks | YES | YES | ||
Safe Deposit Discount | YES | YES |
From Piggy Banks to Investment-Grade Money Markets
A great traditional savings account. The account has a low minimum balance requirement of $200. If your balance falls below the minimum any day during the monthly statement cycle, you’ll pay a $4.00 fee for the month.
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 any day during the monthly statement cycle, and a $10 fee will be assessed at statement time.
Investment quality rates for high balances. Maintain a minimum balance of $25,000 to avoid a monthly fee. Fall below the minimum balance any day during the monthly statement cycle, and a $15 fee will be assessed at statement time.
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.
Account Features | Traditional | Money Market | Premium Money Market | First Dollars |
---|---|---|---|---|
Minimum Balance to Avoid Monthly Fee | $200.00 | $2,500.00 | $25,000.00 | NONE |
Below Minimum Fee- assessed per statement cycle if balance falls below the above stated amount | $4.00 | $10.00 | $15.00 | NONE |
ATM Card | YES | YES | YES | YES |
Call our customer connection at 763-241-3637 to schedule an appointment or just walk into one of our offices!
Competitive Returns on FDIC-Insured CDs
Contact us to discuss your interest in certificates of deposit. Provide us with the basics and we’ll take care of the paperwork for you and contact you to arrange funding for your account.