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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 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. Member FDIC

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Resources

Is Opening A High-Interest Savings Account Right For You?

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06/27/2019
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CDs vs. Savings Accounts: Which One Is Right For You?

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05/16/2019
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Mutual Respect Creates Strong Financing Relationship For Landscaping Business

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02/07/2019
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The Benefits Of An Ongoing Financing Relationship

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02/02/2018
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Certificate of Deposit Calculator

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