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Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
800-944-2265
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 502nd largest bank in the nation. It was established in 1984 and as of June of 2024, it had grown to 232 employees at 27 locations. Sterling Bank and Trust, FSB's CD rates are 2X the national average, and it has a B+ health rating.

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Reviews (1)

Checking Account 300 Bonus

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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 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees232
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.18%
Annual Interest Income$67.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$2.37B$2.53B
LoansQ2 2024vs Q2 2023$1.24B$1.45B
DepositsQ2 2024vs Q2 2023$2.03B$2.15B
Equity CapitalQ2 2024vs Q2 2023$317.8MM$304.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$27.6MM$36.2MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$12.2MM$2.1MM
Real Estate OwnedQ2 2024vs Q2 2023$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%†$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%†$0-Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Availability

Los Angeles Area

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