Certificates of Deposit (CDs)
A certificate of deposit, or CD, is a safe and secure short-term investment, insured by the FDIC. CDs are a perfect place to deposit funds for a limited time at a guaranteed return. CDs are an important part of a diversified investment strategy for reaching your financial goals.
Terms and Rates
Grow your savings with a Stearns Bank CD:
| Certificates of Deposit | Minimum Opening Deposit |
Minimum Balance to Obtain APY* |
Interest Rate | APY* |
|---|---|---|---|---|
| 12 months | $2,500 | $2,500 | 0.40% | 0.40% |
| 24 months | $2,500 | $2,500 | 0.50% | 0.50% |
*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 May 19, 2020. Member FDIC
