{"id":2363,"date":"2024-08-26T17:18:11","date_gmt":"2024-08-26T17:18:29","guid":{"rendered":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/personal\/banking\/savings\/personal-savings-accounts-2\/"},"modified":"2024-10-01T17:28:56","modified_gmt":"2024-10-01T17:28:56","slug":"cd","status":"publish","type":"page","link":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/personal\/banking\/savings\/cd\/","title":{"rendered":"Certificate of Deposit (CD)"},"content":{"rendered":"\n<section id=\"Header Image\" class=\"hero hero-position-1\">\n    <div class=\"container\">\n        <div class=\"hero-slider\">\n            <div class=\"hero-container image-right\"><div class=\"left\">                                                        <img decoding=\"async\" src=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-content\/themes\/alerus\/img\/swoosh.svg\" alt=\"alerus image accent\" class=\"hero-swoosh\">\n                            \n                        <h1>Invest in a sure thing.<\/h1>\n                                                <p>Save more and earn more! Grow your hard-earned cash and reach your savings goals faster. No matter what you\u2019re saving for, we have rates that can help you achieve your goals and dreams.<\/p>\n                         \n                    <\/div>                        <div class=\"right\">\n                            <img decoding=\"async\" src=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-content\/uploads\/2024\/09\/2024-09-CD-Special-H1-2.png\" alt=\"2024 09 Cd Special H1 (2)\">\n                        <\/div>\n                    <\/div>        <\/div>\n            <\/div>\n<\/section>\n\n\n<section class=\"breadcrumbs\">\n    <div class=\"container breadcrumbWrapper\">\n        <p id=\"breadcrumbs\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/p>    <\/div>\n<\/section>\n\n<section class=\"general one-column default nobottom\">\n    <div class=\"container\">\n        <div class=\"column\"><div class=\"module\"><section class=\"general default\">\n<div class=\"container\">\n<div class=\"column\">\n<div class=\"module\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<h3>We have the right solution for you.<\/h3>\n<p>Whether you are looking for a traditional CD with a fixed rate or a more flexible option, we have the right option for you.<\/p>\n<\/div><\/div>    <\/div>\n<\/section>\n\n\n\n<section class=\"comparison\">\n    <div class=\"container\">\n        <div class=\"intro\"><h3><\/h3>\n<\/div>        <div class=\"comparisonTable\">\n            \n                <div class=\"tableItem\">\n                    <div class=\"heading\">\n                        <h3><H3>8-Month CD Special<\/H3><\/h3>\n                                                <p><H1>  4.84% APY*<\/H1><\/p>\n                                            <\/div>\n                    <div class=\"content\">\n                        <div class=\"tableItems\">\n                            <div class=\"comparison-text\"><p>Take advantage of our limited-time 8-month CD special. Stop by any of our locations to open your account.<\/p>\n<p style=\"text-align: center;\"><a class=\"btn primary\" href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/locations\/\">Visit a location<\/a><\/p>\n<\/div>                        <\/div>\n\n                                            <\/div>\n                <\/div>\n\n                \n                <div class=\"tableItem\">\n                    <div class=\"heading\">\n                        <h3><h3>14-Month CD Special<\/h3><\/h3>\n                                                <p><H1>4.25% APY*<\/h1><\/p>\n                                            <\/div>\n                    <div class=\"content\">\n                        <div class=\"tableItems\">\n                            <div class=\"comparison-text\"><p>Lock in a solid return with our 14-month CD special. Stop by any of our locations to open your account.<\/p>\n<p style=\"text-align: center;\"><a class=\"btn primary\" href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/locations\/\">Visit a location<\/a><\/p>\n<\/div>                        <\/div>\n\n                                            <\/div>\n                <\/div>\n\n                        <\/div>\n    <\/div>\n    <\/section>\n\n\n<section class=\"comparison\">\n    <div class=\"container\">\n                <div class=\"comparisonTable\">\n            \n                <div class=\"tableItem\">\n                    <div class=\"heading\">\n                        <h3>Flex CD**<\/h3>\n                                                <p>Our flex CD offerst the perfect blend of flexibility and security.<\/p>\n                                            <\/div>\n                    <div class=\"content\">\n                        <div class=\"tableItems\">\n                            <div class=\"comparison-text\"><ul class=\"checklist\" style=\"columns: 1;\">\n<li>$1,000 minimum balance<\/li>\n<li>Unlimited deposits and one withdrawal without penalty per month<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a class=\"btn primary\" href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/locations\/\">Visit a location<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/personal\/banking\/savings\/rates\/\">View rates<\/a><\/p>\n<\/div>                        <\/div>\n\n                                            <\/div>\n                <\/div>\n\n                \n                <div class=\"tableItem\">\n                    <div class=\"heading\">\n                        <h3>Regular Term CD<\/h3>\n                                                <p>Choose our regular term CD for reliable savings with a guaranteed return.<\/p>\n                                            <\/div>\n                    <div class=\"content\">\n                        <div class=\"tableItems\">\n                            <div class=\"comparison-text\"><ul class=\"checklist\" style=\"columns: 1;\">\n<li>$2,500 minimum deposit<\/li>\n<li>Terms ranging from 6-84 months<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a class=\"btn primary\" href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/locations\/\">Visit a location<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/personal\/banking\/savings\/rates\/\">View rates<\/a><\/p>\n<\/div>                        <\/div>\n\n                                            <\/div>\n                <\/div>\n\n                        <\/div>\n    <\/div>\n    <\/section>\n\n\n<section class=\"icons\">\n    <div class=\"container\">\n        <div class=\"intro\"><div class=\"intro\">\n<h2>You may also be interested in:<\/h2>\n<\/div>\n<\/div><a class=\"icon-card\" href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/personal\/banking\/savings\/\" target=\"\">                   \n                    <div class=\"icon\"><img decoding=\"async\" src=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-content\/plugins\/acf-image-select-field-main\/assets\/savings.svg\" alt=\"Savings icon\"><\/div>\n                                            <div class=\"content\">\n                            <h3>Savings<\/h3>\n                        <\/div>\n                        <\/a>            <a class=\"icon-card\" href=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/personal\/banking\/checking\/\" target=\"\">                   \n                    <div class=\"icon\"><img decoding=\"async\" src=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-content\/plugins\/acf-image-select-field-main\/assets\/checking.svg\" alt=\"Checking Account icon\"><\/div>\n                                            <div class=\"content\">\n                            <h3>Checking Account<\/h3>\n                        <\/div>\n                        <\/a>                <\/div>\n<\/section>\n\n\n<section id=\"FAQs\" class=\"accordion\">\n    <div class=\"container\">\n        <div class=\"intro\"><h2>Frequently Asked Questions<\/h2>\n<\/div>     \n        <div class=\"accordionItems  accordion-padding\" id=\"accordionItems-1\">\n            \n                    <div class=\"accordionItem\"><div class=\"accordionTitle accordionTitle-1\" id=\"accordionTitle-1-1\"><span>What is the difference between a flex CD and a regular term CD?<\/span><\/div>\n                    <div class=\"accordionCopy accordionCopy-1\" id=\"accordionCopy-1-1\"><p>The flex CD offers more flexibility with unlimited deposits and one penalty-free withdrawal per month, making it ideal for those who may need occasional access to their funds. The regular term CD, on the other hand, provides a fixed rate with a range of term options, offering a more traditional and steady approach to savings.<\/p>\n<\/div><\/div>\n                \n                    <div class=\"accordionItem\"><div class=\"accordionTitle accordionTitle-1\" id=\"accordionTitle-2-1\"><span>Can I add more money to my CD after opening it? <\/span><\/div>\n                    <div class=\"accordionCopy accordionCopy-1\" id=\"accordionCopy-2-1\"><p>With the flex CD, you can make unlimited deposits during the term, giving you the flexibility to grow your savings further. However, with the regular term CD and CD specials, additional deposits are not allowed after the account is opened.<\/p>\n<\/div><\/div>\n                \n                    <div class=\"accordionItem\"><div class=\"accordionTitle accordionTitle-1\" id=\"accordionTitle-3-1\"><span>What happens if I need to withdraw my money before the CD matures? <\/span><\/div>\n                    <div class=\"accordionCopy accordionCopy-1\" id=\"accordionCopy-3-1\"><p>For the flex CD, you can make one penalty-free withdrawal per month. For all other CDs, including the regular term CDs and the CD specials, early withdrawals may incur penalties, which could reduce your earnings. It&#8217;s important to choose a CD term that aligns with your financial goals.<\/p>\n<\/div><\/div>\n                \n                    <div class=\"accordionItem\"><div class=\"accordionTitle accordionTitle-1\" id=\"accordionTitle-4-1\"><span>What happens when my CD matures? <\/span><\/div>\n                    <div class=\"accordionCopy accordionCopy-1\" id=\"accordionCopy-4-1\"><p>When your CD reaches maturity, you&#8217;ll have a few options. You can withdraw the funds, roll them over into a new CD, or transfer them to another Alerus account. We&#8217;ll notify you in advance of your CD&#8217;s maturity date so you can make the best decision for your financial situation.<\/p>\n<\/div><\/div>\n                \n                    <div class=\"accordionItem\"><div class=\"accordionTitle accordionTitle-1\" id=\"accordionTitle-5-1\"><span>How is interest on my CD calculated and paid out? <\/span><\/div>\n                    <div class=\"accordionCopy accordionCopy-1\" id=\"accordionCopy-5-1\"><p>At Alerus, interest on your Certificate of Deposit (CD) is calculated using the daily balance method. This means that the interest is accrued based on the balance in your CD each day. The term of your CD determines when the interest is paid out. For specific details regarding your CD, please refer to your account agreement or contact our client service center at <span class=\"alt\"><a href=\"tel:1-833.325.3787\">800.279.3200<\/a>.<\/span><\/p>\n<\/div><\/div>\n                        <\/div>\n    <\/div>\n<\/section>\n\n\n<section class=\"hero hero-position-2\">\n    <div class=\"container\">\n        <div class=\"hero-slider\">\n            <div class=\"hero-container blue\"><div class=\"content\">                                                        <img decoding=\"async\" src=\"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-content\/themes\/alerus\/img\/swoosh.svg\" alt=\"alerus image accent\" class=\"hero-swoosh\">\n                            \n                        <h1>Ready to get started? <\/h1>\n                                                                                                    <div class=\"buttons\">\n                                                                    <a class=\"btn primary\" href=\"#\" target=\"\">Visit a location<\/a>\n                                                                                            <\/div>\n                         \n                    <\/div><\/div>        <\/div>\n            <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":1486,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2363","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/pages\/2363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/comments?post=2363"}],"version-history":[{"count":85,"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/pages\/2363\/revisions"}],"predecessor-version":[{"id":37552,"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/pages\/2363\/revisions\/37552"}],"up":[{"embeddable":true,"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/pages\/1486"}],"wp:attachment":[{"href":"https:\/\/f9dc7fd910.nxcli.net\/alerus\/wp-json\/wp\/v2\/media?parent=2363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}