Bank · FDIC insured
The Bank of Elk River CD Rates
The Bank of Elk River’s best CD rate is 3.91% APY on a 15-month CD. Terms run from 5 months to 5 years. Rates checked October 16, 2026.
How The Bank of Elk River’s CD rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where The Bank of Elk River has the most branches. $10,000, best rate first.
This bank’s best
The Bank of Elk River
3.91%APY
- Term
- 15 months
- Minimum
- $200
- Earns on $10,000
- $491
Certificate 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
The Bank of Elk River CD score
82
CD score
Higher than 58% of U.S. banks and credit unions
- 3–8 months3–8 mo3.69%
- 9–15 months9–15 mo3.91%
- 16–30 months16–30 mo3.14%
- 31–60 months31–60 mo3.60%
- QualifiedQualified3.91%
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 The Bank of 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.
Certificate of Deposit
Up to 3.91%APY · 11 terms
FDIC-insured. Minimum deposit of $200 for regular CDs and $2,500 for Added Advantage CDs. Early withdrawal penalties apply. 7-day grace period after maturity.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| Unknown91 Days term. Early withdrawal penalty of 30 days interest (minimum $25.00) | 2.02% | $0 |
| 5 monthsCD Special. Early withdrawal penalty of 30 days interest (minimum $25.00). Renewal rate will be 91 day rate offered on maturity date | 3.69% | $152 |
| 12 monthsEarly withdrawal penalty of 91 days interest (minimum $25.00) | 3.03% | $303 |
| 15 monthsCD Special. Early withdrawal penalty of 182 days interest (minimum $25.00). Renewal rate will be 12 month rate offered on maturity date | 3.91% | $491 |
| 18 monthsAdded Advantage Certificate. Includes one-time optional rate increase. Early withdrawal penalty of 182 days interest (minimum $25.00) | 3.03% | $458 |
| 24 monthsEarly withdrawal penalty of 182 days interest (minimum $25.00) | 3.14% | $638 |
| 30 monthsAdded Advantage Certificate. Includes two-time optional rate increase. Early withdrawal penalty of 365 days interest (minimum $25.00) | 3.08% | $788 |
| 33 monthsCD Special. Early withdrawal penalty of 365 days interest (minimum $25.00). Renewal rate will be 36 month rate offered on maturity date | 3.60% | $1,021 |
| 36 monthsEarly withdrawal penalty of 365 days interest (minimum $25.00) | 3.19% | $988 |
| 48 monthsEarly withdrawal penalty of 365 days interest (minimum $25.00) | 3.24% | $1,360 |
| 60 monthsEarly withdrawal penalty of 365 days interest (minimum $25.00) | 3.29% | $1,757 |
Sources (2)
All captured Sep 25, 2026
Special-purpose accounts
IRA Certificate of Deposit
Up to 4.01%APY · 8 terms
Traditional and Roth IRA options. Minimum deposit of $200 for regular IRA CDs and $2,500 for Added Advantage IRA CDs. Taxes and penalties may apply for early withdrawals or non-qualified distributions before age 59 1/2.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 12 monthsEarly withdrawal penalty of 91 days interest (minimum $25.00) | 3.29% | $329 |
| 15 monthsCD Special 15 Months. Early withdrawal penalty: 182 days interest with minimum $25. Renewal rate will be 12 month rate on maturity date | 4.01% | $504 |
| 18 monthsAdded Advantage Certificate. Includes one-time optional rate increase. Early withdrawal penalty of 182 days interest (minimum $25.00) | 3.39% | $513 |
| 24 monthsEarly withdrawal penalty of 182 days interest (minimum $25.00) | 3.34% | $679 |
| 30 monthsAdded Advantage Certificate. Includes two-time optional rate increase. Early withdrawal penalty of 365 days interest (minimum $25.00) | 3.44% | $882 |
| 36 monthsEarly withdrawal penalty of 365 days interest (minimum $25.00) | 3.39% | $1,052 |
| 48 monthsEarly withdrawal penalty of 365 days interest (minimum $25.00) | 3.44% | $1,449 |
| 60 monthsEarly withdrawal penalty of 365 days interest (minimum $25.00) | 3.55% | $1,906 |
Sources (2)
All captured Oct 16, 2026
Opening an account
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