High-Yield 3.79% APY 6-Month CD Released

Posted: January 19, 2023 | By: LendVer Staff –

Stearns Bank N.A., a $2.3 billion nationwide financial institution based in St. Cloud, MN, recently announced a limited-time, FDIC insured 6-month certificate of deposit (CD) with an industry-leading 3.79% APY*. Stearns Bank is a commercial bank primarily focused on cultivating and supporting the success of its business owner clients and has built a reputation of integrity and financial excellence underscored by its mottos of We get the job done® and We answer on the first ring.

Stearns Bank understands what it takes to stay competitive and provide its customers financial stability through volatile economic cycles, and its decision to offer a 3.79% APY* on an 6-month CD does just that. Stearns Bank regularly outpaces the return offered by other institutions on deposit products, and in addition to high-yield CDs the bank currently provides the following options to business owners:

BusinessSmart™ Checking

Stearns Bank’s FDIC-insured BusinessSmart™ checking account is a must for any business owner looking for a transparent business checking account that earns above-market interest, offers cash-back rewards, has no hidden fees, and no minimum balance requirement.

  • 0.25% APY* paid on balances from $0.01 to $24,999.99
  • 0.50% APY* paid on balances of $25,000.00 or more
  • No minimum balance requirement
  • No opening balance requirement
  • No hidden fees or paying for things you don’t need
  • Earn interest on any balance
  • Free monthly eStatements
  • Premier live customer support
  • Remote check deposit and ACH / wire transfers
  • Nationwide ATM network (41,000 free ATM locations)
  • Debit card paying 0.10% Diamond Cash Rewards on EVERY debit card purchase, deposited to your account monthly**
  • Autobooks for managing customer payments (send invoices and offer online payment options)
  • Free Access to StearnsConnect™ for premium account features

Click Here to Open a High-Yield CD or Deposit Account

BusinessSmart™ Market Savings

Stearns Bank’s FDIC-insured BusinessSmart™ savings account is a strategic first step in a business’s long-term plan to generate interest on hard-earned cash reserves and manage balances for planned and unexpected capital events.

  • 0.50% APY* paid on balances from $0.01 to $99,999.99
  • 1.51% APY* paid on balances of $100,000 to $499,999.99
  • 2.17% APY* paid on balances of $500,000 and up
  • No minimum balance requirement
  • No opening balance requirement
  • No hidden fees or paying for things you don’t need
  • Earn interest on any balance
  • Free monthly eStatements
  • Premier live customer support
  • Remote check deposit and ACH / wire transfers
  • Easily link to your BusinessSmart™ checking account for convenient cash-flow management and protection
  • Nationwide ATM network (41,000 free ATM locations)
  • Free Access to StearnsConnect™ for premium account features

*APY is annual percentage yield. APY is effective as of 12/07/2022 and subject to change at any time, including after account opening. Fees may reduce earnings. CDs require a minimum opening balance and a penalty may be imposed for early withdrawal.

**Earn up to $500 per month. Pending and preauthorized debit card transactions do not earn cash back rewards until the final transaction posts to the account. Cash Rewards rate effective 12/07/2022.

Conclusion

It’s true that Stearns Bank is encouraging banking relationships by offering above-market interest rates for deposits and CDs, but the bank also provides premium customer service and unparalleled account features. Stearns Bank’s limited-time 6-month CD with an astounding 3.79% APY* surely won’t last long, so those interested in securing a high rate of return on capital reserves for the next 6-months should act fast and contact Stearns Bank.


Interested in opening an 6-month CD with a 3.79% APY*? Contact our recommended best business bank account provider Stearns Bank.

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