Effective June 1st, 2025, the Alerus Money Market interest rate will adjust to 4.19% (4.27% APY). As of May 31st, the 1-year yield on the Alerus Money Market is 4.85%. Alerus benchmarks and sets this rate, it is subject to change at any time. Notification of any change is provided ten business days before the effective date. If you have any questions, please contact your Alerus Retirement and Benefits Service Team.