Bank · FDIC insured
Alerus Financial CD Rates
Alerus Financial’s best CD rate is 4.10% APY on a 20-month CD, with extra requirements. Terms run from 8 months to 20 months. Rates checked October 22, 2026.
How Alerus Financial’s CD rates compare
Compared with banks and credit unions in Minnesota, where Alerus Financial has the most branches. $10,000, best rate first.
This bank’s best
Alerus Financial
4.10%APY
- Term
- 20 months
- Requires
- Another account
- Minimum
- $5,000
- Earns on $10,000
- $693
20 Month CD Special
Top rate
SouthPoint Financial Credit Union
9.00%APY
- Term
- 9 months
- Requires
- None
- Minimum
- —
- Earns on $10,000
- $668
2nd-highest rate
Mid Minnesota Federal Credit Union
5.09%APY
- Term
- 36 months
- Requires
- None
- Minimum
- $10
- Earns on $10,000
- $1,606
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
20 Month CD Special
4.10%APY · 1 term
A penalty may be imposed for early withdrawal. Additional deposits are not allowed after opening. Interest is calculated using the daily balance method. Requires an Alerus checking account with a $500 minimum balance to qualify. IRA funds do not qualify.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 20 monthsRequires an Alerus checking account with a $500 minimum balance. IRA funds do not qualify. Early withdrawal penalty may apply | 4.10% | $693 |
Sources (1)
- alerus.com/personal/banking/savings/cd · captured Oct 22, 2026
8 Month CD Special
3.62%APY · 1 term
A penalty may be imposed for early withdrawal. Additional deposits are not allowed after opening. Interest is calculated using the daily balance method. Requires an Alerus checking account with a $500 minimum balance to qualify. IRA funds do not qualify.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 8 monthsRequires an Alerus checking account with a $500 minimum balance. IRA funds do not qualify. Early withdrawal penalty may apply | 3.62% | $240 |
Sources (1)
- alerus.com/personal/banking/savings/cd · captured Oct 22, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.