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Commercial Checking with Interest

April 1, 2023

Business Commercial Checking Interest Banner

Learn more about the other checking options available!

The Bank of Elk River’s Commercial Checking Account with Interest is designed for large, active businesses where interest is earned. Account interest is compounded and paid monthly.


  • Earns interest that is compounded and paid monthly.¹
  • Free Digital Banking
  • Free Online Bill Pay
  • Free Mobile Deposit Banking via browser or app (Apple® or Android™)
  • Free monthly paper statements with check images. You can also upgrade to free eStatements reducing your paper trail thereby decreasing the risk of identity theft, fraud and postal delays.
  • Free telephone banking using The Bank of Elk River’s InfoLine service
  • No minimum balance requirements
  • Simplified Employee Pension (SEP) plans
  • Additional services that have nominal fees, but can save you and your business valuable time and money:


  • $25 minimum opening balance
  • $10.00 monthly maintenance fee
  • $0.12 charge per debit item
  • No charge for checks drawn on us
  • For every non-Bank of Elk River item deposited, a $0.08 fee will be charged. This is also known as a transit fee.

¹Interest rate and APY may change at any time.

²Subject to credit approval.