Take advantage of our limited-time 8-month CD special. Stop by any of our locations to open your account.
Save more and earn more! Grow your hard-earned cash and reach your savings goals faster. No matter what you’re saving for, we have rates that can help you achieve your goals and dreams.
Whether you are looking for a traditional CD with a fixed rate or a more flexible option, we have the right option for you.
Take advantage of our limited-time 8-month CD special. Stop by any of our locations to open your account.
Lock in a solid return with our 14-month CD special. Stop by any of our locations to open your account.
Choose our regular term CD for reliable savings with a guaranteed return.
The flex CD offers more flexibility with unlimited deposits and one penalty-free withdrawal per month, making it ideal for those who may need occasional access to their funds. The regular term CD, on the other hand, provides a fixed rate with a range of term options, offering a more traditional and steady approach to savings.
With the flex CD, you can make unlimited deposits during the term, giving you the flexibility to grow your savings further. However, with the regular term CD and CD specials, additional deposits are not allowed after the account is opened.
For the flex CD, you can make one penalty-free withdrawal per month. For all other CDs, including the regular term CDs and the CD specials, early withdrawals may incur penalties, which could reduce your earnings. It’s important to choose a CD term that aligns with your financial goals.
When your CD reaches maturity, you’ll have a few options. You can withdraw the funds, roll them over into a new CD, or transfer them to another Alerus account. We’ll notify you in advance of your CD’s maturity date so you can make the best decision for your financial situation.
At Alerus, interest on your Certificate of Deposit (CD) is calculated using the daily balance method. This means that the interest is accrued based on the balance in your CD each day. The term of your CD determines when the interest is paid out. For specific details regarding your CD, please refer to your account agreement or contact our client service center at 800.279.3200.
