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Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
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 443rd largest bank in the nation. It was established in 1984 and as of June of 2022, it had grown to 281 employees at 28 locations. Sterling Bank and Trust, FSB's CD rates are 2X the national average, and it has a B health rating.

Related Posts

Sterling $25,000+ Savings Account 3.55% APY - 12/24/2022

May be a good deal for those who want to bank in person. Rules: To qualify for the APY, you must apply for membership into an Ambassador Money Market Club account, make an opening deposit of $25,000 into an Ambassador Money Market Club Account, and maintain a minimum monthly statement cycle balance of $25,000. In addition, you must maintain a SBT Eagle Club Checking account. A $500 minimum opening deposit is required to open a SBT Eagle Club Checking. Other terms and conditions apply for the maintenance of a SBT Eagle Club Checking account. *The APY only applies to new accounts and existing accounts with an additional deposit of $25,000 that is not already in another account at Sterling Bank and Trust, FSB https://www.sterlingbank.com/depstateredirect.html?product_type=northerncalifornia

Sterling Cracking The 4% Club - 11/24/2022

Not that it is meaningful now, but for the 13 month and 18 month terms, 4.07% (4.15% APY) rates, 24 month 3.44% (3.50% APY). Other rates sub 2%. As always, Sterling Club gets a 0.05% APY boost (55+ and $500 in non interest checking). The Ambassador Club savings (high yield account) is 3% (3.05% APY) with $25,000 minimum balance, new money. All effective 11/15/2022.

Sterling 3.20% (3.25% APY) 18 Month, 3.44% (3.50% APY) 24 Month Cds - 10/31/2022

Add 0.05% for Sterling Club (55+ and $500 in a non interest bearing account). Ambassador Club also 2.47% (2.50% APY) for $25,000 in new money. https://www.sterlingbank.com/depstateredirect.html?product_type=southerncalifornia

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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.

2


Health
B

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees281
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD3.92%
Annual Interest Income$47.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.50B$3.40B
LoansQ2 2022vs Q2 2021$1.74B$2.31B
DepositsQ2 2022vs Q2 2021$2.03B$2.64B
Equity CapitalQ2 2022vs Q2 2021$376.7MM$374.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$51.8MM$70.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$52.4MM$89.7MM
Real Estate OwnedQ2 2022vs Q2 2021$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
4.05%*†$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
0.45%†--Sterling Eagle Checking - Club (w/ Direct Deposit)
0.45%†--Sterling Eagle Checking - Premier Club (w/ Direct Deposit)
0.45%†--Sterling Eagle Checking - Ambassador Club (w/ Direct Deposit)
0.40%†--Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.20%†$500-18 Month Sterling Club CD
4.20%†$500-13 Month Sterling Club CD Special
4.15%†$500-18 Month CD
4.15%†$500-Business 18 Month CD
4.15%†$500-13 Month CD Special
4.15%†$500-Business 13 Month CD Special
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
4.20%†$500-18 Month Sterling Club IRA
4.20%†$500-13 Month Sterling Club IRA Special
4.15%†$500-18 Month IRA
4.15%†$500-13 Month IRA Special
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
Locations

Availability



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