Bank · FDIC insured
The Bank of Elk River Savings Rates
The Bank of Elk River’s best savings rate is 0.20% APY on $10,000, with its Everyday Savings. Rates checked October 16, 2026.
How The Bank of Elk River’s savings 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
0.20%APY
- Minimum
- $25
- Earns on $10,000 a year
- $20
Everyday Savings
Top rate
VisionBank
3.76%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $376
2nd-highest rate
UMB Bank
3.71%APY
- Minimum
- —
- Earns on $10,000 a year
- $371
The Bank of Elk River savings score
71
Savings score
Higher than 29% of U.S. banks and credit unions
- $1,000 balance$1,0000.15%
- $10,000 balance$10,0000.20%
- $100,000 balance$100,0002.70%
- QualifiedQualified0.20%
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 savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Momentum Money Market
0.15%APY
$10 monthly service charge waived with a $5,000 daily minimum balance. Interest compounded daily.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceTier for balances less than $25,000.00. | 0.15% | $15 | Tier for balances less than $25,000.00. |
| $25,000 – $50,000 | 1.50% | — | |
| $50,000 – $100,000 | 2.00% | — | |
| $100,000 – $250,000 | 2.70% | — | |
| $250,000 and upBalances over $250,000 may not be FDIC-insured. | 2.84% | — | Balances over $250,000 may not be FDIC-insured. |
Sources (2)
All captured Oct 16, 2026
Special-purpose accounts
Health Savings Account (HSA)
2.02%APY
Must have a high-deductible health plan. Funds used for qualified expenses are never taxed. Interest compounded and credited monthly. $2 monthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. $3 monthly paper statement fee if not enrolled in eStatements (waived if account has $1,500 in combined monthly deposits).
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $1,000Monthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. | 1.36% | — | Monthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. |
| $1,000 – $10,000Monthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. | 1.66% | — | Monthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. |
| $10,000 and upMonthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. | 2.02% | $202 | Monthly service fee waived if $500 minimum monthly balance is kept or account has $1,500 in combined monthly deposits. |
Sources (3)
- thebankofelkriver.com/personal-savings/specialty-savings
- thebankofelkriver.com/rates
- thebankofelkriver.com/personal-savings
All captured Oct 16, 2026
Everyday Savings
0.20%APY
Best for students or those not planning to keep large balances. Interest compounded daily. $5 monthly service charge waived with $100 daily minimum balance or for account owners age 24 and under. Free quarterly mailed paper statement or eStatement.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $1,000Monthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under. | 0.10% | — | Monthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under. |
| $1,000 – $10,000Monthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under. | 0.15% | — | Monthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under. |
| $10,000 and upMonthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under. | 0.20% | $20 | Monthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under. |
Sources (2)
All captured Oct 16, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.