4.05% 6-Month CD at Sterling Bank and Trust

Sterling Bank and Trust continues to offer a 4.05% APY 6-month CD. The minimum deposit is $500. This 6-month term is the only competitive CD listed in the bank's rate table. There's an online application which makes it appear to be available nationwide. The application doesn't offer ACH funding. They give you the option of either mailing a check or a wire transfer. I first reported on this CD in early September.

Its financial ratings for soundness are weak: 1 star (lowest) at Bankrate.com and 3 stars (adequate) at BauerFinancial. Both are based on 6/30/08 data.

Branches are located in several areas of San Francisco, CA. The bank has been FDIC insured since 1984 (FDIC Certificate # 32232).

Tags: California, CD rates