| Type | Minimum Balance to Earn Stated APY | Interest Rate | APY | Minimum Opening Deposit |
|---|---|---|---|---|
| Lifestyle Checking | $0.01 | 0.05% | 0.05% | $100 |
| Freestyle Checking | Non Interest-Bearing | Non Interest-Bearing | Non Interest-Bearing | $100 |
| First Friends Interest Checking | $0.01 | 0.10% | 0.10% | $100 |
| Rates are current and APY is accurate as of September 15, 2020. |
Checking Accounts
Checking Accounts
| Type | Minimum Balance to Earn Stated APY | Interest Rate | APY | Minimum Opening Deposit |
|---|---|---|---|---|
| HSA Checking | $0.01 - $999.99 | 0.02% | 0.02% | $25 |
| $1,000.00 - $4,999.99 | 0.02% | 0.02% | ||
| $5,000.00 - $9,999.99 | 0.02% | 0.02% | ||
| $10,000 and over | 0.05% | 0.05% | ||
| Rates are current and APY is accurate as of September 15, 2020. |
Note: “APY” is the abbreviation for Annual Percentage Yield.
Note: These are variable rate accounts subject to rate change after account is opened. Service fees could reduce earnings.
Each Depositor insured to at least $250,000
You are encouraged to review the following links to First Bank Elk River policies which provide more detail on the terms and conditions of our products and services:
