Sterling Bank and Trust, FSB

Overview / Commentary
One Towne Sq
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 492nd largest bank in the nation. It was established in 1984 and as of March of 2024, it had grown to 233 employees at 27 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 Grade Components

FDIC Certificate #32232
Year Established1984
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.12%
Annual Interest Income$33.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.41B$2.41B
LoansQ1 2024vs Q1 2023$1.27B$1.55B
DepositsQ1 2024vs Q1 2023$2.02B$1.94B
Equity CapitalQ1 2024vs Q1 2023$314.6MM$390.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$29.3MM$38.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$9.3MM$26.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

0.15%$0-Sterling Club Statement Savings
0.10%$0-Statement Savings
0.10%$0-IRA Savings
0.10%$0-Business Statement Savings

Sterling Bank and Trust, FSB Money Market Rates

5.00%*$25k*$1mAmbassador Club Money Market
OTHER TIERS: 0.01% $1m+
0.20%*$0$1mSterling Club Money Market
OTHER TIERS: 0.01% $1m+
0.20%*$10k*$1mPremier Club Money Market
OTHER TIERS: 0.01% $1m+
0.15%*$0$1mPersonal Money Market
OTHER TIERS: 0.01% $1m+
0.10%*$0$1mBusiness Money Market
OTHER TIERS: 0.01% $1m+

Sterling Bank and Trust, FSB Checking Account Rates

0.40%$0-Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

5.00%$500-7 Month CD Special
5.00%$500-7 Month Sterling Club CD Special
5.00%$25k-Business 7 Month CD Special
4.00%$500-18 Month Sterling Club CD
4.00%$500-13 Month CD Special
4.00%$500-13 Month Sterling Club CD Special
4.00%$25k-Business 13 Month CD Special
3.95%$500-18 Month CD
3.95%$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

4.00%$500-18 Month Sterling Club IRA
3.95%$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
1.55%$500-6 Month Sterling Club 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


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