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    Business Impact Checking and Savings

    You’re always adapting to challenges and seeking new opportunities to make a difference. 

    A Business Impact Checking and Savings account allows your money to work towards the greater good. Each and every dollar helps support sustainable energy, affordable housing, and nonprofit projects across the U.S.

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    Be part of the greater good

    Earn competitive interest on any balance while supporting initiatives that align with your company's values. 

     

    Apply Today

    Account Features

    Your money contributes to the greater good

    • Sustainable Energy
    • Affordable Housing
    • Nonprofits

    Apply Today

    Grow Your Money

    Business Impact Checking

    • 0.40% APY* if balance is $0.01 or more
      A balance of $0.01 is needed to earn the APY.

    Business Impact Savings

    •  0.85% APY* if balance is less than or equal to $99,999.99
    • 1.97% APY* if balance is $100,000 - $499,999.99
    • 2.99% APY* if balance is $500,000 + 
    • * APY is annual percentage yield. Rates are accurate as of 4/22/2026 and subject to change at any time, including after account opening. Fees may reduce earnings.

    12-Month Promotional 2.99% APY**

    **Impact market savings promotion. 12-month APY of 2.99% and 12-month interest rate of 2.95% on new Impact market savings accounts opened between April 22, 2026, and July 22, 2026. A balance of $0.01 is needed to earn the APY. Twelve-months after account opening, the APY and interest rate will return to the standard tier rates in effect at that time. Applicable market savings account types are: Impact market savings and Impact Business market savings. APY is annual percentage yield. Rates are accurate as of April 22, 2026, and subject to change at any time, including after account opening. Fees may reduce earnings.

    Opening Your Account

    Opening a new account is easy.

    You can fund your account with up to $1,000 directly from your new account application or enroll in Online / Mobile Banking to unlock additional option such as mobile deposit, wire, or transfer funds from another financial institution with an external transfer

     

    Apply Today

    • Check markRecognized national top-performing bank
    • Check markWell-positioned for any economic climate
    • Check markEmployee-owned, customer-driven
    • Check mark78% Women in Leadership
    • Check markPersonal service from real people
    • Check markGuidance from dedicated sustainable energy experts
    • Check markNationwide lending and banking services
    • Check mark100% Governing Board Members are Women/Minorities
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    Online / Mobile Banking

    Online and mobile banking for your growing business

    Online Banking is the safe and secure platform that allows you to manage your accounts anytime, anywhere, from any device.

    • Check balances and review transactions
    • View online statements
    • Deposit checks remotely
    • Transfer funds
    • Pay bills and manage automatic payments
    • Wire funds and schedule ACH transactions
    Learn More About Online / Mobile Banking

    Frequently Asked Questions (FAQ)

    What is an Impact Deposit Account?

    An impact deposit account gives you confidence knowing your money is going towards initiatives in alignment with your values, such as affordable housing, sustainable energy, social justice, etc.

    What kind of impact do I make when I open an Impact Deposit account?

    Impact Deposits accounts allow more infrastructure that decreases our carbon footprint, more housing for people that need it, and more jobs for all the people who work in impact-oriented industry.

    What type of sustainable energy lending does Stearns Bank do?

    Impact Deposits support funding loans for electric vehicle infrastructure, solar energy generation, battery storage, and affordable housing projects

    What are the benefits of Impact Deposits?

    Banking with confidence that your values are being fulfilled, while receiving a competitive rate on your account. For sustainable energy and affordable housing developers, banking with us will lower your cost of funds

    How do I enroll in online banking?

    Once your Stearns Bank account is opened, enroll in online banking by visiting the login page and choosing the type of account you’d like to enroll in. Contact the StearnsConnect electronic banking team at (888) 629-8707 if you need assistance.

    Are there fee-free ATMs?

    Stearns Bank customers have access to 42,000 in-network, fee-free ATMs across the country. Look for the MoneyPass and Shazam logos. You also can find in-network ATMs on the Locations/ATMs page.

    When can I access my deposited funds?

    Generally, you can access funds on the first business day after the date of receipt.

    Is mobile banking available?

    Yes. The Online/ Mobile Banking app, you can access your account 24/7; deposit checks, view account balances, transfer funds, pay bills, and more.

    Resources

    Commercial Loan Calculator

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

    Business Debt Consolidation Calculator

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