Alerus Financial

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.alerus.com

701-795-3369

401 Demers Avenue
Grand Forks, ND 58201

Alerus Financial is headquartered in GRAND FORKS and is the 4^th largest bank in the state of North Dakota. It is also the 272^nd largest bank in the nation. It was established in 1933 and as of March of 2025, it had grown to 864 employees at 30 locations. Alerus Financial has an A health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	3931
Year Established	1933
Employees	864
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.09%
Return on Equity - YTD	11.34%
Annual Interest Income	$68.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$5.33B$4.32B
Loans	Q1 2025vs Q1 2024	$4.04B$2.77B
Deposits	Q1 2025vs Q1 2024	$4.53B$3.35B
Equity Capital	Q1 2025vs Q1 2024	$519.1MM$355.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$61.9MM$36.6MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$45.5MM$7.2MM
Real Estate Owned	Q1 2025vs Q1 2024	$243K$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Skip to rates for:

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Alerus Financial; we are a rate comparison website and cannot provide official rates or promotions.

Alerus Financial CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.87%	$5k	-	8 Month CD Special
3.50%	$5k	-	14 Month CD Special

Locations

Availability

Fargo Area

Fargo Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.