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Save For The Future With Alerus Savings Tools

Savings Options

Alerus offers a wide variety of savings choices for customers. The information in the table below is kept as accurate as possible, but as always, your Alerus representative is your best resource when you have questions.

Savings Accounts

REGULAR SAVINGS ACCOUNTPERSONAL MONEY MARKET
DescriptionA simple savings program that earns interest.Flexible money market account with tiered interest rates. The more you deposit, the more you earn.
Minimum BalanceNone$1,000. $10 monthly fee if balance falls below $1,000.
Minimum to Open Account$50$50
Interest RateFor current rate information, call 888.409.5375.For current rate information, call 888.409.5375.
Interest CalculationInterest is compounded and credited to your account quarterly by applying a daily periodic rate to the account principal each day; interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g. checks).Interest is compounded on your daily collected balance of $1,000 or more. Interest is compounded and credited to your account monthly by applying a daily periodic rate to the account principal each day; interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g. checks).
DepositsUnlimitedUnlimited
WithdrawalsUnlimited if by mail, in person, or ATM. Up to 6 withdrawals/mo. by phone, Internet, preauthorized debit, check, or automatic payment.Unlimited if by mail, in person, or ATM. Up to 6 withdrawals/mo. by phone, Internet, preauthorized debit, check, or automatic payment.
StatementsQuarterlyMonthly

Ready to Apply for a Savings Account?

You can learn more about each account and start the account opening process online, quickly and easily.

Questions? We have answers

An Alerus representative would be happy to speak with you about your savings options. 

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888.409.5375

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Deposit products offered by Alerus Financial, N.A. Member FDIC.


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