5.46% 3-Month CD at Stearns Bank ($90K+)

Stearns Bank has high rates on its short term jumbo certificates of deposits. These include 5.52% APY 180-day CD, 5.46% APY 90-day CD, 5.26% APY 60-day CD and a 5.17% APY 30-day CD. The minimum deposit is $90K. Stearns Bank has been offering high rates on short-term CDs for some time.

The application can be done online and can be funded with a check or by wire. It doesn't seem to offer ACH.

One interesting feature of this bank is that it has 4 FDIC charters (1 in Arizona: Scottsdale and 3 in Minnesota: Holdington, St. Cloud and Upsala) which gives a depositor a minimum FDIC insurance level of $400K. Also, the online application includes many ownership categories including joint and POD so this can easily increase your insurance level above $1M (see post). Stearns Bank seems to be in good shape financially. Bankrate.com rates the Upsala bank as 4 of 5 stars (sound).