Sterling Bank and Trust, FSB

Overview / Commentary
1 Towne Square, Suite 165
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 June of 2020, it had grown to 314 employees at 30 locations. Sterling Bank and Trust, FSB's money market rates are 14% higher than the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #32232
Year Established1984
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.84%
Return on Equity - YTD-7.94%
Annual Interest Income$79.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$3.74B$3.28B
LoansQ2 2020vs Q2 2019$2.72B$2.93B
DepositsQ2 2020vs Q2 2019$2.94B$2.66B
Equity CapitalQ2 2020vs Q2 2019$382.0MM$325.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$46.9MM$20.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$54.3MM$6.7MM
Real Estate OwnedQ2 2020vs Q2 2019$0$22.00K
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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

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

0.95%--Ambassador Club Money Market
0.55%--Sterling Club Money Market
0.55%--Premier Club Money Market
0.50%--Personal Money Market
0.35%--Business Money Market

Sterling Bank and Trust, FSB Checking Account Rates

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

1.25%$500-36 Month Sterling Club CD
1.25%$500-48 Month Sterling Club CD
1.25%$500-60 Month Sterling Club CD
1.20%$500-36 Month CD
1.20%$500-48 Month CD
1.20%$500-60 Month CD
1.20%$500-Business 36 Month CD
1.20%$500-Business 48 Month CD
1.20%$500-Business 60 Month CD
1.10%$500-24 Month Sterling Club CD
1.05%$500-24 Month CD
1.05%$500-Business 24 Month CD
0.95%$500-18 Month Sterling Club CD
0.90%$500-18 Month CD
0.90%$500-12 Month Sterling Club CD
0.90%$500-Business 18 Month CD
0.85%$500-12 Month CD
0.85%$500-Business 12 Month CD
0.60%$500-6 Month Sterling Club CD
0.55%$500-6 Month CD
0.55%$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

1.25%$500-36 Month Sterling Club IRA
1.25%$500-48 Month Sterling Club IRA
1.25%$500-60 Month Sterling Club IRA
1.20%$500-36 Month IRA
1.20%$500-48 Month IRA
1.20%$500-60 Month IRA
1.10%$500-24 Month Sterling Club IRA
1.05%$500-24 Month IRA
0.95%$500-18 Month Sterling Club IRA
0.90%$500-18 Month IRA
0.90%$500-12 Month Sterling Club IRA
0.85%$500-12 Month IRA
0.60%$500-6 Month Sterling Club IRA
0.55%$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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