Dedicated to Deposits: Deals, Data, and Discussion

5.00% Checking Account at a California Bank (Sterling Bank and Trust)

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Sterling Bank and Trust is offering a 5% APY checking account with a minimum balance of $500 and a maximum balance of $1,000,000. It does require monthly direct deposit (payroll, social security, pension and the like). This special is not listed at the bank's website. It was advertised in yesterday's SFGate newspaper. The ad is available online here.

The bank also has some decent rates on CDs. These include a 5.45% APy 6-month CD and a 5.40% APY 1-year CD. The minimum deposit is $500.

Branches are located in several areas of San Francisco, CA. The bank has been FDIC insured since 1984.
  Tags: California, checking account

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Comments
2 comments.
Comment #1 by metrocard (anonymous) posted on
metrocard
From here:

Transactional accounts are available to California and Michigan residents only.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for checking on this.

1