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.
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.
