Skip to content

Certificates of Deposit (CDs)

A certificate of deposit, or CD, is a safe and secure investment option for your cash reserves. A Stearns Bank CD, guaranteed by the FDIC, provides a fixed return over a 12-month or 24-month term. Our competitive rates and customer service make Stearns Bank the right choice for your deposit and cash management needs.

Certificate of Deposit Minimum Opening Deposit Minimum Balance
to Obtain APY*
Interest Rate APY*
12 months $2,500 $2,500 1.85% 1.85%
24 months $2,500 $2,500 1.95% 1.95%

*APY is Annual Percentage Yield and is subject to change without notice. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Interest rates and APYs are accurate as of Dec. 2, 2019.

Contact a Business Banking Expert
BusinessSmart checking and market savings from Stearns Bank

Banking That Pays

Checking and savings accounts

Reach your business checking and savings goals faster with simple, smart and rewarding BusinessSmart™ accounts. Earn interest and cash back with the convenience of online and mobile banking.

Contact a Business Banking Expert

Resources

Merchant Services Deliver on Convenience and Security

business banking
02/13/2020
Read More

Debit and Credit Cards: Is There a Difference?

business banking
02/07/2020
Read More

Phishing Alert: Think Before You Link

business banking
01/30/2020
Read More

FDIC Insurance: Strength and Security for Deposits

business banking
01/16/2020
Read More

Commercial Loan Calculator

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

Break Even Analysis Calculator

The break even analysis calculator is designed to demonstrate how many units of your product must be sold to make a profit.
View Calculator

Certificate of Deposit Calculator

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).
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
Contact a Business Banking Expert
Connect with Customer Service