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Build a stronger future.

Plan for tomorrow with competitive savings options that keep your business moving forward.

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Savings solutions for every business goal.

Whatever your business goals, there’s a savings option designed to help you manage and grow your funds. Choose the account that aligns with your financial strategy and watch your savings grow.

Business Savings Account

Earn interest on your extra funds without worrying about minimum balances. Ideal for businesses with smaller savings.

  • No minimum balance
  • Variable interest rate
  • Unlimited withdrawals/deposits
  • $5 quarterly statement fee for paper statements

Business Money Market

Designed for businesses with excess funds, this account offers tiered interest rates and flexible access to help your money grow.

  • $1,000 minimum balance
  • Variable interest rate
  • Unlimited deposits
  • Up to eight withdrawals per month
  • $5 monthly statement fee for paper

6-Month Business Flex CD

3.28% APY1

  • Minimum balance of $25,000
  • 6-month term
  • Unlimited deposits of at least $10,000
  • 1 withdrawal per month

Frequently Asked Questions

Can I make unlimited deposits and withdrawals?
  • The business savings account allows unlimited deposits and withdrawals.
  • For the business money market account, you can make unlimited deposits and unlimited withdrawals if conducted by mail, in person, or at an ATM. However, there is a limit of eight withdrawals per month by phone, internet, preauthorized debit, check, or automatic payment, with a $5 fee for exceeding this limit.
  • The Business Flex CD allows one penalty-free withdrawal a month.
How often is interest paid?
  • Interest for the business savings account is compounded daily and paid quarterly.
  • For the business money market account, interest is compounded daily and paid monthly.
  • The Business Flex 6-Month CD interest rate is determined at account opening, with interest paid at maturity
What happens if my business money market balance falls below $1,000?

If the balance falls below $1,000, a $10 monthly fee will be assessed.

Can I link my business savings account to my Alerus business checking account?

Yes, you can link your savings to your checking account for easy transfers and better management of funds.

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