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Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
248-351-3442
1 Towne Square, Suite 1900
Southfield, MI 48076

Sterling Bank and Trust, FSB is headquartered in Southfield and is the 4th largest bank in the state of Michigan. It is also the 307th largest bank in the nation. It was established in 1984 and as of December of 2019, it had grown to 322 employees at 30 locations. Sterling Bank and Trust, FSB's CD rates are 17% higher than the national average, and it has an A health rating.

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New CD Rate Start As 06/15/2020 - 6/17/2020

12 month CD 1.15% -- $500 min 18 month CD 1.25% -- $500 min 24 Month CD 1.45% -- $500 min 36 Month CD 1.50% -- $500 min

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Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees322
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.87%
Return on Equity - YTD18.71%
Annual Interest Income$174.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$3.24B$3.20B
LoansQ4 2019vs Q4 2018$2.89B$2.90B
DepositsQ4 2019vs Q4 2018$2.60B$2.58B
Equity CapitalQ4 2019vs Q4 2018$346.1MM$303.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$21.7MM$21.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$11.0MM$4.5MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

New CD Rate Start As 06/15/2020

  |  
12 month CD 1.15% -- $500 min
18 month CD 1.25% -- $500 min
24 Month CD 1.45% -- $500 min
36 Month CD 1.50% -- $500 min
4

Rates
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Always verify rates and promotions with the bank or credit union. We are not Sterling Bank and Trust, FSB; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Sterling Bank and Trust, FSB Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%†--Sterling Club Statement Savings
0.40%†--Statement Savings
0.40%†--IRA Savings
0.40%†--Business Statement Savings

Sterling Bank and Trust, FSB Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%†--Ambassador Club Money Market
0.60%†--Sterling Club Money Market
0.60%†--Premier Club Money Market
0.50%†--Personal Money Market
0.35%†--Business Money Market

Sterling Bank and Trust, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.16%*†$500*$1mSterling Club Eagle Checking
OTHER TIERS: 0.06% → Any amount
0.16%*†$500*$1mPremier Club Sterling Eagle Checking
OTHER TIERS: 0.06% → Any amount
0.16%*†$500*$1mAmbassador Club Sterling Eagle Checking
OTHER TIERS: 0.06% → Any amount
0.11%*†$500*$1mSterling Eagle Checking with Direct Deposit
OTHER TIERS: 0.01% → Any amount
0.01%†--Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%†$500-36 Month Sterling Club CD
1.40%†$500-48 Month Sterling Club CD
1.40%†$500-60 Month Sterling Club CD
1.35%†$500-36 Month CD
1.35%†$500-48 Month CD
1.35%†$500-60 Month CD
1.35%†$500-24 Month Sterling Club CD
1.35%†$500-Business 36 Month CD
1.35%†$500-Business 48 Month CD
1.35%†$500-Business 60 Month CD
1.30%†$500-24 Month CD
1.30%†$500-Business 24 Month CD
1.15%†$500-18 Month Sterling Club CD
1.10%†$500-18 Month CD
1.10%†$500-12 Month Sterling Club CD
1.10%†$500-Business 18 Month CD
1.05%†$500-12 Month CD
1.05%†$500-Business 12 Month CD
0.90%†$500-6 Month Sterling Club CD
0.85%†$500-6 Month CD
0.85%†$500-Business 6 Month CD
0.25%†$500-3 Month Sterling Club CD
0.20%†$500-3 Month CD
0.20%†$500-Business 3 Month CD
0.10%†$500-1 Month Sterling Club CD
0.05%†$500-1 Month CD
0.05%†$500-Business 1 Month CD

Sterling Bank and Trust, FSB IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%†$500-36 Month Sterling Club IRA
1.40%†$500-48 Month Sterling Club IRA
1.40%†$500-60 Month Sterling Club IRA
1.35%†$500-36 Month IRA
1.35%†$500-48 Month IRA
1.35%†$500-60 Month IRA
1.35%†$500-24 Month Sterling Club IRA
1.30%†$500-24 Month IRA
1.15%†$500-18 Month Sterling Club IRA
1.10%†$500-18 Month IRA
1.10%†$500-12 Month Sterling Club IRA
1.05%†$500-12 Month IRA
0.90%†$500-6 Month Sterling Club IRA
0.85%†$500-6 Month IRA
0.25%†$500-3 Month Sterling Club IRA
0.20%†$500-3 Month IRA
0.10%†$500-1 Month Sterling Club IRA
0.05%†$500-1 Month IRA
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