Personal Impact Accounts

    What matters to you? You have a never-ending list of what your priorities are and how you want to make a difference. Why not put your money where it means the most? For as little as $50 to open, Impact Checking, Market Savings, and CDs allow you to make a difference towards sustainable energy, affordable housing, and nonprofits across the U.S.

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    Be Impactful.

    Impact Checking, Market Savings, and CDs allow you to place your money intentionally. These deposits help strengthen our communities to the greater good. Your deposits contribute to meaningful initiatives that matter to you.

    Apply Today

    Account Features

    Your money contributes to the greater good

    • Sustainable Energy
    • Affordable Housing
    • Nonprofits

    Grow your Money

    Impact Checking

    • 0.25% APY* if balance is $0.01 or more

    A balance of $0.01 is needed to earn the APY.

    Impact Market 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 7/1/2026 and subject to change at any time, including after account opening. Fees may reduce earnings.

    Impact Deposit Promotional Offer

    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 December 31, 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 July 1, 2026, and subject to change at any time, including after account opening. Fees may reduce earnings.

    CD Terms and Rates

    • 3 Month CD APY: 3.96%1,2,3,**

    • 6 Month CD APY: 3.78%1,2,3,**

    • 12 Month CD APY: 3.50%2,4,5

    • 18 Month CD APY: 3.01%2,4,5
    *APY means Annual Percentage Yield. Interest Rates and APYs are current as of 7/1/2026. Rates are subject to change at any time.
    **Interest paid at maturity.
    1Ability to fund throughout term of CD
    2IRA funds are eligible
    3No penalty may be imposed for early withdrawal
    4A penalty may be imposed for early withdrawal 
    5Compounds annually.

    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 options such as mobile deposit, wire, or transfer funds from another financial institution with an external transfer.

    Incoming wire fees are waived for personal accounts.

    Apply Today

     

     

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    • Check mark100% Governing Board Members are Women/Minorities
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    Online / Mobile Banking

    Bank anytime, anywhere with our online and mobile banking platform. From the convenience of your home office or mobile device, you can:

    • Deposit checks from your mobile phone
    • Pay your bills online
    • View your account statements
    • Receive security alerts on account activity

    And if you need to chat with a real person, the Online / Mobile Banking support team offers live support when you need it.

    Learn More About Online / Mobile Banking

    Frequently Asked Questions (FAQ)

    What is an Impact Deposit Account?

    An impact deposit account is a traditional checking or savings account that is earmarked for initiatives in alignment with your values. Specifically, we use your deposits to fund projects across the affordable housing, sustainable energy, and nonprofit sectors.

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

    Impact Deposits accounts enable more infrastructure that decreases our carbon footprint, more housing for people that need it, and more prosperity for future generations.

    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 other sustainable technologies.

    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.

    Not finding the answer you were looking for?

    Contact our team by calling (800) 320-7262 or send us a message.

    Personal Banking Resources

    Certificate of Deposit Calculator

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

    Enhanced Loan Calculator

    Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term.
    View Calculator
    See More Calculators
    Contact a Personal Banker
    Connect with Customer Service