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BusinessSmart Market Savings

Being prepared for everything from crises to opportunity is essential.

Grow your emergency reserves while also funding your ambitions with the BusinessSmart™ market savings account, always paired with expert service and accessibility.

Account Comparison Tools | StearnsConnect | Account Features | FAQ | Resources

BusinessSmart Market Savings from Stearns Bank

Prepare to succeed

Some things, no one sees coming. For everything else, be prepared.

Readying your business with a savings plan (and acting on it) is key to your short- and long-term success. Earn interest on any balance and manage your growing reserves, with the smart savings account that’s thinking ahead, with you in mind.

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BusinessSmart Market Savings for interest-earning business accounts

Saving is Investing

If an uncertain economy has you pulling back on making high-risk investments, remember that a savings account is an investment. It’s nothing fancy, but it’s a safe, reliable interest-earning cash flow tool built to conserve and grow for tomorrow.

See our blog: Is Opening a Savings Account Right for You?

BusinessSmart Market Savings for small business

Bring it all together

Chances are, you’re going to need multiple accounts. Combining a BusinessSmart savings account with a BusinessSmart checking account keeps your overall banking connected. Your savings can grow, while you’ve got the cashflow you need.

And, for your personal life, we recommend Above the Norm™ checking, savings and CD accounts.

See our blog: The Five Benefits of Having Multiple Business Accounts


Account Comparison Tools

Knowing potential account fees and interest rates helps you make better decisions about where and how to do your business banking. 

With no-obligation comparison tools, we make it simple for you to compare other accounts to BusinessSmart™ checking or market savings accounts.  Let's do the comparison and help you make the best decision for your business. 

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Online banking


Take your banking with you – everywhere you go.

StearnsConnect is the online banking platform that puts banking at your fingertips anywhere, anytime, from any device.

  • Check balances, transactions and deposits
  • Customize email and text alerts
  • View online statements
  • Transfer funds
  • Pay bills and schedule payments
  • Wire funds from your mobile phone
Learn More

Account Features

Simple. Smart. Rewarding. This is how we do business banking.

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We've simplified the best market savings account options, creating one easy choice. 


Bank when and where it's convenient for you. StearnsConnect online and mobile banking is always open.


Grow your money

  • 1.00% APY* if balance is $99,999.99 or less
    A balance of $0.01 is needed to earn the APY.
  • 2.02% APY* if balance is $100,000 to $499,999.99
  • 3.20% APY* if balance is $500,000 or more
  • * APY is annual percentage yield. Rates are accurate as of 03/23/2023 and subject to change at any time, including after account opening. Fees may reduce earnings.


Your savings are growing, but they're available whenever you need them, with no penalties. Find a branch location or ATM in our nationwide network.

Greg Haffely

"I’m happy I made the switch to Stearns Bank. Change is sometimes hard, but Stearns Bank made it easy. They went above and beyond to make me feel comfortable."

Greg Haffely
Senior Vice President, Employee Health and Benefits
Marsh & McLennan Agency LLC
Golden Valley, MN

The Stearns Bank Difference

  • Check markRecognized national top-performing bank
  • Check markWell-positioned for any economic climate
  • Check markEmployee-owned, customer-driven
  • Check markPersonal service from real people
  • Check markGuidance from dedicated experts
  • Check markNationwide lending and banking services


Frequently Asked Questions (FAQ)

What types of accounts do you have?

For personal banking we offer Above the Norm Checking and Above the Norm Market Savings. For business banking we offer BusinessSmart Checking and BusinessSmart Market Savings. Stearns Bank also offers certificates of deposit (CDs) to business and personal banking customers, as well as individual retirement accounts (IRAs).

Do you offer cash rewards on debit card purchases?

Stearns Bank offers 0.10% Diamond Cash Rewards on BusinessSmart Checking debit card purchases. Up to $500 per month deposited into your account.

Is there a minimum balance requirement for the account?

There are no minimum balance requirements to avoid fees.

Is there a monthly fee?

No, there are no monthly service fees for a BusinessSmart checking account. However, there are fees for add-on services and tools.

Is there a fee for paper statements?

To help you manage your account, our checking products offer an online statement. If a paper statement is preferred, no problem! Paper statements are available for a small fee.

How do I enroll in online banking?

To enroll in online banking, contact the StearnsConnect electronic banking team at 888.629.8707. Or visit, select “Login” at the top of the page, and “Enroll in Business Banking.”

How long does it take to receive my debit card?

Please allow five to seven business days to receive your Stearns Bank debit card. When the card arrives you can earn Diamond Cash Rewards on all your purchases. See our question "Do you offer cash rewards on debit card purchases" for details regarding Diamond Cash Rewards.

Are there transaction charges?

Stearns Bank does not charge customers for basic transactions. However, complex transactions may carry fees. See your account fee schedule for specific rates.

Do you have automatic teller machines (ATMs) that do not charge a fee?

Our accounts include access to more than 41,000 ATMs across the country – with no fees. Look for the MoneyPass and Shazam logos. You also can find ATMs on the Locations/ATM page on

Do these accounts pay interest?

Stearns Bank pays interest on all savings and checking accounts. See disclosures for rate information.

How much money do I need to open an account?

You can open your account today and fund it later.

Can I access my funds right away?

Generally, you can access funds on the first business day after the date of receipt. You will receive a disclosure at account opening that explains when your funds will be available.

Do you have mobile banking, and can I deposit checks remotely via a mobile app?

With the StearnsConnect mobile app, you can deposit checks, view account balances, transfer funds, pay bills – do your banking any time from any place.


Business Banking Resources

Make the Most of Your Money With the Business Bank Account Comparison Tool

Read More

4 Steps to Prepare Your Small Business for a Recession

Read More

How to Prioritize Savings for Your Small Business

Read More

5 Benefits of Stearns Bank’s Business Deposit Accounts

Read More

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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Commercial Loan Calculator

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

Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term.
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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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