The Bank of Elk River


The Bank of Elk River is a community bank that has been family-owned and operated since 1885. As one of the larger community banks in the state of MN with $650+ million dollars in assets, The Bank of Elk River is committed to providing the best products and services to meet business and customer needs. From mobile banking to cash management solutions, The Bank of Elk River’s 100+ highly trained employees are here to help you succeed.

HSA Program Features

FDIC or NCUA Insured:
  • Debit Card
  • Checks
  • Online Banking

HSA Interest Rates

Interest rates for various balance tiers
$0.00 - $999.99 1.36% APY
$1,000.00 - $9,999.99 1.66% APY
$10,000.00+ 2.12% APY
Last checked on: 04-11-2023. Rates may not be current, please check the provider's website for the latest rates.


Monthly Maintenance Fee $0.00*
Account Opening Fee $0.00
Account Closing Fee $0.00

* $2 monthly balance fee if balance falls below $500 minimum, or $1,500 in combined deposits

HSA Investment Options

Mutual Fund Platform: close   Self-Directed Brokerage: close   CDs: close   Other: close

Contact Information

General Information

Address 630 Main Street
Elk River, MN 55330

Customer Service

Phone Number 888-293-2265