| Type | Minimum Balance to Earn Stated APY | Interest Rate | APY | Minimum Opening Deposit |
|---|---|---|---|---|
| First Dollars Savings | $0.01 | 0.05% | 0.05% | $25.00 |
| Traditional Savings | $0.01 | 0.05% | 0.05% | $100.00 |
| Money Market Savings | $0.01 - $999.99 | 0.05% | 0.05% | $100.00 |
| $1000 - $4,999.99 | 0.10% | 0.10% | ||
| $5,000 - $24,999.99 | 0.15% | 0.15% | ||
| $25,000 and over | 0.20% | 0.20% | ||
| Premium Money Market Savings | $0.01 - $24,999.99 | 0.05% | 0.05% | $100.00 |
| $25,000 - $49,999.99 | 0.10% | 0.10% | ||
| $50,000 - $99,999.99 | 0.20% | 0.20% | ||
| $100,000-$249,999.99 | 0.35% | 0.35% | ||
| $250,000 and over | 0.45% | 0.45% | ||
| Rates are current and APY is accurate as of September 15, 2020. |
Savings Accounts
Savings Accounts
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:
