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Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
248-351-3442
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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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
B+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees314
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
Rates
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* 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
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

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
1.25%†$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Availability

Detroit Area

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