CD & Account Rates

Rate Sheet ~ April 2, 2018

The Annual Percentage Yield (APY) disclosed and the APY printed may be different. In accordance with Reg DD, the APY is considered accurate if no more than one-twentieth of one percentage point above or below the disclosed APY. Offered to local customers only.  Certificates with minimum balance requirements of $2,500.

Certificates of Deposit¹ Minimum Opening
Deposit
Minimum Balance
to Obtain APY³
Interest Rate APY
3 month $2,500 $2,500 1.00% 1.00%
5 month $2,500 $2,500 1.00% 1.00%
6 month $2,500 $2,500 1.25% 1.25%
7 month $2,500 $2,500 1.25% 1.25%
8 month $2,500 $2,500 1.25% 1.25%
9 month $2,500 $2,500 1.50% 1.50%
10 month $2,500 $2,500 1.50% 1.50%
11 month $2,500 $2,500 1.50% 1.50%
12 month $2,500 $2,500 2.00% 2.00%
18 month Trade-a-Rate $2,500 $2,500 2.15% 2.16%
24 month $2,500 $2,500 2.35% 2.35%
3 year $2,500 $2,500 2.60% 2.60%
4 year $2,500 $2,500 2.65% 2.65%
5 year $2,500 $2,500 2.65% 2.65%

Available at Minnesota, Arizona and Florida locations

Jumbo Certificates
of Deposit¹
Minimum
Opening Deposit
Minimum Balance
to Obtain APY³
Interest Rate APY
3 year $90,000 $90,000 2.60% 2.60%
4 year $90,000 $90,000 2.65% 2.65%
5 year $90,000 $90,000 2.65% 2.65%

Jumbo CDs are not automatically renewable.

Personal Checking and Savings Minimum
Opening
Deposit
Minimum Avg
Daily Balance
to Avoid
Monthly Fee
Minimum Balance
to Obtain APY
Interest Rate APY
NOW Checking² $50 $500⁴ $.01³ 0.50% 0.50%
Stearns 55+ NOW Checking² $50 $500⁴ $.01³ 0.50% 0.50%
Personal Savings² $50 $50⁴ $.01³ 0.50% 0.50%
Holiday Savings¹ ² $50 $0 $.01³ 1.00% 1.01%
IRA Savings² $50 $0 $.01³ 1.00% 1.01%
Stearns Select Money Market² $50 $1,000⁴ $.01 - $24,999.99 0.50% 0.50%
      $25,000-$89,999.99 0.75% 0.75%
      $90,000 and up 1.00% 1.01%

  1. A penalty will be imposed for early withdrawal.
  2. The interest rate and annual percentage yield may change after account opening.
  3. Daily balance: The amount of the principal in the account each day.
  4. Average daily balance: Calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Fees could reduce the earnings on the account.
Interest Rates and Annual Percentage Yields are current as of April 2, 2018.
Rates are subject to change at any time.

Member FDIC