Bank · FDIC insured
First Bank Elk River CD Rates
First Bank Elk River’s best CD rate is 3.14% APY on a 4-year CD. Terms run from 3 months to 4 years. Rates checked October 16, 2026.
How First Bank Elk River’s CD rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where First Bank Elk River has the most branches. $10,000, best rate first.
This bank’s best
First Bank Elk River
3.14%APY
- Term
- 48 months
- Minimum
- $500
- Earns on $10,000
- $1,316
Regular Certificates of Deposit
Top rate
SouthPoint Financial Credit Union
9.00%APY
- Term
- 9 months
- Minimum
- —
- Earns on $10,000
- $668
2nd-highest rate
Woodlands National Bank
4.87%APY
- Term
- 60 months
- Minimum
- $1,000
- Earns on $10,000
- $2,684
First Bank Elk River CD score
70
CD score
Higher than 26% of U.S. banks and credit unions
- 3–8 months3–8 mo2.78%
- 9–15 months9–15 mo3.09%
- 16–30 months16–30 mo3.08%
- 31–60 months31–60 mo3.14%
- QualifiedQualified3.14%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where First Bank Elk River ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Regular Certificates of Deposit
Up to 3.14%APY · 7 terms
Minimum opening deposit is $500.00. Stated APY applies to the entire balance of the Certificate.
| Term | APY · Up to $2,500 | APY · $2,500 – $10,000 | APY · $10,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 3 monthsEarly withdrawal penalty may be the loss of 3 months interest | 2.52% | 2.52% | 2.52% | 2.52%2.52% $0–$2.5k2.52% $2.5k–$10k | $62 |
| 6 monthsEarly withdrawal penalty may be the loss of 6 months interest | 2.78% | 2.78% | 2.78% | 2.78%2.78% $0–$2.5k2.78% $2.5k–$10k | $138 |
| 12 monthsEarly withdrawal penalty may be the loss of 6 months interest | 3.09% | 3.09% | 3.09% | 3.09%3.09% $0–$2.5k3.09% $2.5k–$10k | $309 |
| 18 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.08% | 3.08% | 3.08% | 3.08%3.08% $0–$2.5k3.08% $2.5k–$10k | $466 |
| 24 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.03% | 3.03% | 3.03% | 3.03%3.03% $0–$2.5k3.03% $2.5k–$10k | $615 |
| 36 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.08% | 3.08% | 3.08% | 3.08%3.08% $0–$2.5k3.08% $2.5k–$10k | $953 |
| 48 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.14% | 3.14% | 3.14% | 3.14%3.14% $0–$2.5k3.14% $2.5k–$10k | $1,316 |
Sources (2)
All captured Sep 18, 2026
Special-purpose accounts
IRA Certificates of Deposit
Up to 3.14%APY · 7 terms
Offers both Traditional and Roth IRAs. Minimum opening deposit is $500.00. Stated APY applies to the entire balance of the Certificate.
| Term | APY · Up to $2,500 | APY · $2,500 – $10,000 | APY · $10,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 3 monthsEarly withdrawal penalty may be the loss of 3 months interest | 2.52% | 2.52% | 2.52% | 2.52%2.52% $0–$2.5k2.52% $2.5k–$10k | $62 |
| 6 monthsEarly withdrawal penalty may be the loss of 6 months interest | 2.78% | 2.78% | 2.78% | 2.78%2.78% $0–$2.5k2.78% $2.5k–$10k | $138 |
| 12 monthsEarly withdrawal penalty may be the loss of 6 months interest | 3.09% | 3.09% | 3.09% | 3.09%3.09% $0–$2.5k3.09% $2.5k–$10k | $309 |
| 18 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.08% | 3.08% | 3.08% | 3.08%3.08% $0–$2.5k3.08% $2.5k–$10k | $466 |
| 24 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.03% | 3.03% | 3.03% | 3.03%3.03% $0–$2.5k3.03% $2.5k–$10k | $615 |
| 36 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.08% | 3.08% | 3.08% | 3.08%3.08% $0–$2.5k3.08% $2.5k–$10k | $953 |
| 48 monthsEarly withdrawal penalty may be the loss of 12 months interest | 3.14% | 3.14% | 3.14% | 3.14%3.14% $0–$2.5k3.14% $2.5k–$10k | $1,316 |
Sources (2)
All captured Sep 18, 2026
Opening an account
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