Sterling Bank and Trust, FSB


Overview / Commentary
248-351-3442
One Towne Square Ste. 165
Southfield, MI 48076

Sterling Bank and Trust, FSB is headquartered in SOUTHFIELD and is the 8th largest bank in the state of Michigan. It is also the 481st largest bank in the nation. It was established in 1984 and as of September of 2023, it had grown to 253 employees at 28 locations. Sterling Bank and Trust, FSB's CD rates are 2X the national average, and it boasts an A+ health rating.

Reviews (1)

Checking Account 300 Bonus

Posted by: |

Opened eagle checking account yesterday. Excellent customer service experience. 300 bonus requires 500 opening deposit and TWO DD of 500 each for consecutive 60 days. 500 per month. Durable and easy. Unfortunately offer available only in the branch.



Health
A+

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees253
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD2.7%
Annual Interest Income$93.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$2.45B$2.44B
LoansQ3 2023vs Q3 2022$1.38B$1.64B
DepositsQ3 2023vs Q3 2022$2.06B$1.98B
Equity CapitalQ3 2023vs Q3 2022$303.7MM$373MM
Loan Loss AllowanceQ3 2023vs Q3 2022$34.3MM$45.4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$6.2MM$39.5MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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
0.15%--Sterling Club Statement Savings
0.10%--Statement Savings
0.10%--IRA Savings
0.10%--Business Statement Savings

Sterling Bank and Trust, FSB Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$25k*$1mAmbassador Club Money Market
OTHER TIERS: 0.01% $1m+
0.20%*-$1mSterling Club Money Market
OTHER TIERS: 0.01% $1m+
0.20%*$10k*$1mPremier Club Money Market
OTHER TIERS: 0.01% $1m+
0.15%*-$1mPersonal Money Market
OTHER TIERS: 0.01% $1m+
0.10%*-$1mBusiness Money Market
OTHER TIERS: 0.01% $1m+

Sterling Bank and Trust, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-13 Month CD Special
5.00%$500-13 Month Sterling Club CD Special
5.00%$500-7 Month CD Special
5.00%$500-7 Month Sterling Club CD Special
5.00%$25k-Business 7 Month CD Special
5.00%$25k-Business 13 Month CD Special
4.20%$500-18 Month Sterling Club CD
4.15%$500-18 Month CD
4.15%$500-Business 18 Month CD
3.55%$500-24 Month Sterling Club CD
3.50%$500-24 Month CD
3.50%$500-Business 24 Month CD
1.95%$500-12 Month Sterling Club CD
1.90%$500-12 Month CD
1.90%$500-Business 12 Month CD
1.55%$500-6 Month Sterling Club CD
1.50%$500-6 Month CD
1.50%$500-Business 6 Month CD
1.45%$500-60 Month Sterling Club CD
1.40%$500-60 Month CD
1.40%$500-Business 60 Month CD
1.30%$500-48 Month Sterling Club CD
1.25%$500-48 Month CD
1.25%$500-36 Month Sterling Club CD
1.25%$500-Business 48 Month CD
1.20%$500-36 Month CD
1.20%$500-Business 36 Month CD

Sterling Bank and Trust, FSB IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-6 Month Sterling Club IRA
4.20%$500-18 Month Sterling Club IRA
4.15%$500-18 Month IRA
3.55%$500-24 Month Sterling Club IRA
3.50%$500-24 Month IRA
1.95%$500-12 Month Sterling Club IRA
1.90%$500-12 Month IRA
1.50%$500-6 Month IRA
1.45%$500-60 Month Sterling Club IRA
1.40%$500-60 Month IRA
1.30%$500-48 Month Sterling Club IRA
1.25%$500-48 Month IRA
1.25%$500-36 Month Sterling Club IRA
1.20%$500-36 Month IRA
Locations

Availability



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