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Certificates of Deposit (CDs)

CD terms and rates built to hit goals

Need to tuck your money away for a bit, while also earning competitive fixed rates?
CDs can help you achieve more.

 

NEW CD Terms and Rates - Limited Time Only

Term Minimum Opening
Deposit
Minimum Balance
to Obtain APY*
Interest Rate APY*
 3 months** $2,500 $2,500 5.25% 5.35%
9 months** $2,500 $2,500 5.25% 5.28%

* APY is annual percentage yield. Rates are effective as of 09/21/2023 and subject to change at any time. Limited time offer. A penalty may be imposed for early withdrawal. **Compounding at maturity.

 

Standard CD Terms and Rates

Term Minimum Opening
Deposit
Minimum Balance
to Obtain APY*
Interest Rate APY*
 6 months** $2,500 $2,500 5.25% 5.32%
12 months $2,500 $2,500 5.00% 5.00%
24 months $2,500 $2,500 3.25% 3.25%

* APY is annual percentage yield. Rates are effective as of 09/21/2023 and subject to change at any time. A penalty may be imposed for early withdrawal.
** Compounding at maturity.


Contact a Personal Banker

 

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

FDIC Insurance: Strength and Security for Deposits

09/12/2023
Read More

Understanding the Benefits of High-Yield Business Accounts

07/11/2023
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Financing Terms Every Small Business Owner Should Know

05/22/2023
Read More

The Benefits Of Utilizing A Digital Wallet

05/15/2023
Read More

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