Stearns Bank Salaam Business Certificate of Deposit

Halal Bank Accounts in Wisconsin

A profit-sharing business certificate of deposit from Stearns Salaam Banking, the Islamic banking division of Stearns Bank N.A. (Member FDIC). The 8/1/2026 rate sheet publishes expected APYs by term: 3.96% for 3 months, 3.78% for 6 months, 3.50% for 12 months, and 3.01% for 18 months, all from a $500 minimum opening deposit. The 3- and 6-month terms can be funded throughout the term and carry no early-withdrawal discount; 12- and 18-month terms may apply a discount for early withdrawal - sharia-structured pricing language rather than an interest penalty. Profit is paid at maturity with annual compounding.

The Salaam Business CD delivers what most halal savers assume does not exist: a published, competitive, riba-free term rate inside an FDIC-insured bank. The current sheet (effective 8/1/2026) pays best at the short end - 3.96% expected APY for 3 months against 3.01% for 18 - so laddering short makes more sense than locking long right now. The $500 minimum is accessible, the 3- and 6-month terms are flexible (fundable mid-term, no early-withdrawal discount), and profit-sharing framing is documented with signed Sharia Supervisory Board certificates rather than marketing gloss. Remember the structural honesty in the fine print: these are expected profit rates that can be re-set, not contractual interest. For business reserves with a defined horizon, this is the strongest published riba-free term offer in the US market.