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Compare Alerus Financial CD Rates and Savings Accounts to MoneyAisle

  • About Alerus Financial:
    Alerus Financial, headquartered in Grand Forks, ND, is the 833rd largest bank in the U.S. Alerus Financial is also the 6th largest bank in ND.
  • Alerus Financial (as of 3/31/2009) has 15 branches and employs 392 people full-time.
  • Established on 9/30/1933, the current holding company of Alerus Financial is ALERUS FINANCIAL CORPORATION.
  • Alerus Financial has a net operating income of $1 Million. Alerus Financial also has $791 Million in total assets.
  • Alerus Financial, however, is just one of the many of banks across the United States. When you are looking for the highest CD Rates or High-Yield Savings accounts, one of the most efficient ways to find a rate is by running a free, live MoneyAisle auction: Get started now! Compare Alerus Financial to MoneyAisle's CD rates.

Alerus Financial - Fast Facts

  • Bank Legal Name: Alerus Financial, National Association
  • FDIC #: 3931
  • Headquarters: Grand Forks, ND
  • Date Established: September 30, 1933

ALERUS FINANCIAL CORPORATION - Financials

ALERUS FINANCIAL CORPORATION is the holding company for Alerus Financial (FDIC #3931). Financials below apply to ALERUS FINANCIAL CORPORATION holding company.

Q4-08 Q1-09 Change
Rank in US by Asset Size 848 833 15
Total Assets $756 M $791 M $35 M
Cash & Balances Due from Depository Institution $25 M $58 M $33 M
Total Deposits $637 M $674 M $37 M
Total Liabilities $680 M $715 M $35 M
Net Operating Income $10 M $1 M $9 M
Net Interest Income $26 M $6 M $20 M
Branches 15 15 0
Employees 381 392 11

Data from FDIC as of 12/31/2008 and 3/31/2009

Recent National Live Auction CD Rates
for March 18, 2010

Term National Avg APY* Overnight
Auction APY
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.31%
1 Year CD Rates 0.69% 1.71%
2 Year CD Rates 1.16% 2.11%

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*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")