CD & IRA Special
Maximize Your Refund While Securing Your Financial Future
Interested in Growing Your Tax Refund or Need Deductions?
Our IRAs and CDs can help! Take advantage of our limited-time special rates and watch your tax refund grow with competitive interest rates and various terms designed to fit your financial goals.
Best if You Need Deductions1
3.55%APY*
15 Month IRA
- May reduce your taxable income1
- Traditional IRA earnings grow tax-deferred1
- Can make contributions for the previous year until the tax filing deadline1
Best if You Expect a Tax Refund1
3.75%APY*
5 Month CD
- Secure place for tax refunds to grow
- Guaranteed growth with a fixed rate for a fixed period
- Can help you reach short-term goals
The Bank of Elk River has been part of the community for over a century, so we understand our customers. We’ve been where you are. With accounts and solutions tailored to your unique needs,
Contact a Personal Banker Today
Ready to open an IRA or CD account? Contact one of our friendly personal bankers to get started.
FAQs
You Have Questions. We Have Answers.
*Annual Percentage Yield. Advertised rate is accurate as of 2.2.2026. Minimum balance to open $200. Rates vary by term. Early withdrawals may incur a penalty and tax implications.
1Not tax advice. Contributions to an IRA may have tax implications. Consult with a tax advisor for personalized advice.
The IRA information we’re providing is not tax advice. Visit IRS.gov or consult a tax professional for questions regarding taxes.