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Certificates of Deposits & IRAs

A saving strategy that leaves you confident and in full control

Many people want to make the most of their money without taking on unwanted risk. The ideal solution may be a First Bank Elk River Certificate of Deposit. You get to decide how much to save and for how long. When that time period ends you're 100% assured of walking away with substantial earnings.
  • CDs feature better rates than most standard savings accounts
  • Our CD terms range from three months to four years in length
  • In general, longer term CDs have the highest earning rates
  • Minimum deposit of $500
  • Early withdrawal penalties may apply
  • When CDs reach the maturity date, you have the choice of renewing them or moving funds into your other First Bank Elk River accounts

Individual Retirement Accounts (IRAs)

Planning for your golden years? A good way to ensure that you have enough money to cover expenses and take full advantage of your free time is to save for retirement with an IRA/CD.
  • First Bank Elk River offers both Traditional and Roth IRAs
  • Enjoy a range of tax advantages as well as reliable earnings
  • IRS contribution limits may apply to funds deposited into IRA/CDs
  • Consult your financial advisor or a First Bank Elk River representative for more details
First Bank Elk River CDs and IRAs are FDIC-Insured, backed by the full faith and credit of the U.S. Government.  Each depositor is insured up to $250,000.