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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 0.40% 0.40%
24 months $2,500 $2,500 0.50% 0.50%

*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 May 19, 2020.

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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.

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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.
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Business Debt Consolidation Calculator

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

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

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