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Business Banking

High-yield savings, checking and CD solutions

Maximize your earning potential with accounts designed to help your business. At Stearns Bank, we deliver highly competitive rates, convenient access, extended FDIC protection, and people who are always ready to assist you.

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StarTribune Best Bank Award

We serve customers nationwide, but we’re proud to be named “Best Bank” and “Best Ag Lender” in our home state of Minnesota, three years in a row, by readers of the Star Tribune.

Stearns Bank business checking and savings

Business Account Solutions

Your business is poised for success with interest rates surpassing the national average.

With a BusinessSmart™ market savings account, you can enjoy some of the best rates on the market. Our account is designed to help businesses grow their savings faster, without sacrificing accessibility or flexibility.

Whether you're saving for a rainy day, planning for a major purchase, or simply looking to maximize your returns, our market savings account has everything you need. Plus, with our industry-leading rates, you can feel confident knowing that your money is working hard for you. 

Business Savings Rates: 
  • 1.00% APY* if balance is $99,999.99 or less
    A balance of $0.01 is needed to earn the APY.
  • 2.02% APY* if balance is $100,000 to $499,999.99
  • 3.20% APY* if balance is $500,000 or more

* APY is annual percentage yield. Rates are accurate as of 07/03/2024 and subject to change at any time, including after account opening. Fees may reduce earnings.


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Looking for a checking account that works as hard as your business does? Look no further than BusinessSmart™ checking! With no minimum balance requirements or hidden fees to worry about, and a suite of business-focused services like Autobooks at your fingertips, you can focus on what really matters - growing your business. 

For businesses with higher account balances and transaction fees, BusinessEssentials™ checking is the ultimate solution. With its array of advantages, including unlimited ACH transactions and incoming wires, and zero maintenance fees, this checking account is the perfect fit for your growing enterprise.

Business Checking Rates:  
  • 0.25% APY* if balance is $24,999.99 or less
    A balance of $0.01 is needed to earn the APY.
  • 0.50% APY* if balance is $25,000.00 or more

Diamond Cash Rewards: 0.10% cash rewards on EVERY debit card purchase, deposited to the account monthly**

Mastercard Priceless Surprises

* APY is annual percentage yield. Rates are accurate as of 07/03/2024 and subject to change at any time, including after account opening. Fees may reduce earnings. ** Earn up to $500 per month. Pending and preauthorized debit card transactions do not earn cash rewards until the final transaction posts to the account. Cash rewards rate effective 07/03/2024.

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By investing in Certificates of Deposits (CDs) with extraordinary rate and term options, your business can secure its financial future with confidence. With guaranteed returns and flexible maturity periods, CDs provide a low-risk investment option with high rewards. 

  • Minimum opening balance on all terms: $500
  • Minimum balance to obtain APY*: $500
Term Interest Rate APY*
6 months1 5.25% 5.32%
9 months1 5.25% 5.28%
12 months2 5.05% 5.05%
24 months2 4.55% 4.55%

* APY is annual percentage yield. Rates are effective as of 07/03/2024 and subject to change at any time. A penalty may be imposed for early withdrawal.
1Interst paid at maturity. 2Compounds annually.

BusinessSmart Market Savings

BusinessSmart Market Savings

In business, and in life, saving for the unexpected and for the next big goal is essential. Prepare your business and protect your personal savings with an FDIC-insured BusinessSmart market savings account. It earns interest, has no hidden fees and no minimum balance.

See our blog: 5 Reasons to Separate Your Savings Accounts

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BusinessSmart Checking

BusinessSmart Checking

Adaptability and accessibility matter more than ever. Make cash flow simple and successful with an FDIC-insured BusinessSmart™ checking account. It moves with your business, earns interest and cash back, and has no hidden fees.

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BusinessEssentials Checking

Say goodbye to the fees of traditional business checking. Designed for your high-balance or transaction-heavy business.


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Certificates of Deposits (CDs)

Certificates of Deposit

Setting money aside today has its long-term benefits. An FDIC-insured CD with simple term options can maximize your business deposits. Watch interest grow over the life of the CD with the innovative StearnsConnect online banking service.

See our blog: CDs vs. Savings Accounts: Which One Is Right For You?

See CD Rates
Business cash management tools

Business Cash Management Tools

Cash management tools make it easier for your customers to do business with you. Make them happy, repeat customers by offering them convenient payment options like remote deposit, ACH transactions, wire transfers, mobile deposits and Bill Pay.

See our blog: Merchant Services Deliver on Convenience and Security

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Get paid faster

Autobooks is an online service that makes it easy for customers to pay you and efficiently manage your accounts receivable.

  • Send invoices directly to your customer's inbox
  • Accept on-the-spot electronic payments
  • Offer convenient online payment options
  • Deposit payments directly into your checking account
  • Review customer payment activity – who has paid, who still owes money

Send yourself a sample invoice, schedule a 10-minute demo and more.

Learn More About Autobooks
Autobooks - invoicing software for your Stearns Bank business account

Small Business Loans

Financing to fuel your growth

The thinkers, movers and changers across the United States continue making the world more connected and productive. Through start-ups, acquisitions, remodels, expansions and so much more, we're proud to be part of your success story.

Learn more about business loans
Stearns Bank business loans

Simplify Business Finances

Run your business more efficiently with a Stearns Bank credit card. 

Enjoy robust fraud protections, cashback rewards, and tools to streamline financial management — so you can get the most from every dollar spent.

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Fraud: What Experts Need You to Know

Online shopping, remote business operations, digital currency exchange – these are exciting and convenient times. However, if we’re not careful, online convenience can become a fraudster’s playground.

Our experts track fraud trends and the latest prevention measures to keep you safe. Learn what to watch for and how to avoid becoming a victim with fraud notices and our Fraud Friday video series.


The Stearns Bank Difference

  • Check markRecognized national top-performing bank
  • Check markWell-positioned for any economic climate
  • Check markEmployee-owned, customer-driven
  • Check markPersonal service from real people
  • Check markGuidance from dedicated experts
  • Check markNationwide lending and banking services

Take The Guesswork Out Of Small Business Banking

Focus on your business' success instead of worrying about your banking partner. 

With enhanced FDIC coverage, your hard-earned business accounts are covered! Plus no hidden fees and industry-leading interest rates mean your money truly works for you.


Stearns Bank Awards

At Stearns Bank, our personal service, sense of urgency, strong financial management and consistent performance are recognized nationally.

Independent Community Bankers of America (ICBA)
Recognized as one of the top-performing banks in the nation by Independent Community Bankers of America.
Monitor Top 100
Listed among the Monitor 100 largest equipment finance companies.
American Banker Best Banks to Work For
Ranked in the top 20 on American Banker's Best Banks to Work For Listing.
Best Bank - StarTribune Minnesota's Best
Named Minnesota’s Best Bank & Best Ag Lender, three years in a row, by readers of the Star Tribune.
Great Places to Work. Certified.
This employee-validated distinction highlights our successful workplace culture efforts.
StearnsConnect online and mobile banking

Bank Anytime, Anywhere

Whether you're on the go or taking care of business in the middle of the night, online and mobile banking through StearnsConnect puts the when and where of finances into your hands.

  • Check balances, transactions and deposits
  • Customize email and text alerts
  • View online statements
  • Transfer funds
  • Pay bills and schedule payments
Learn More About StearnsConnect

Business Banking Resources

Certificate of Deposit Calculator

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).
View Calculator

Business Debt Consolidation Calculator

Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you.
View Calculator

Enhanced Loan Calculator

Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term.
View Calculator

Commercial Loan Calculator

Use this calculator to estimate your debt service coverage with a new commercial loan.
View Calculator
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