From Alerus Financial: “Effective July 1st, 2022, the Alerus Money Market interest rate and APY will increase to 0.74%. As of June 30th, the 1-year yield on the Alerus Money Market is 0.02%, and the 5-year yield is 1.05%. Alerus benchmarks and sets this rate on a quarterly basis, however, the rate is subject to change at any time.”
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