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Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
248-351-3442
1 Towne Square, Suite 1900
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 301st largest bank in the nation. It was established in 1984 and as of September of 2019, it had grown to 342 employees at 30 locations. Sterling Bank and Trust, FSB's CD rates are 67% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees342
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.89%
Return on Equity - YTD19.28%
Annual Interest Income$131.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$3.32B$3.20B
LoansQ3 2019vs Q3 2018$2.91B$2.91B
DepositsQ3 2019vs Q3 2018$2.70B$2.55B
Equity CapitalQ3 2019vs Q3 2018$335.8MM$287.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$21.2MM$20.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$10.0MM$334.00K
Real Estate OwnedQ3 2019vs Q3 2018$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
0.45%†--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
1.50%†--Ambassador Club Money Market
0.75%†--Premier Club Money Market
0.70%†--Sterling Club Money Market
0.60%†--Personal Money Market
0.35%†--Business Money Market

Sterling Bank and Trust, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*†$500*$1mSterling Club Eagle Checking
OTHER TIERS: 0.10% → Any amount
0.20%*†$500*$1mPremier Club Sterling Eagle Checking
OTHER TIERS: 0.10% → Any amount
0.20%*†$500*$1mAmbassador Club Sterling Eagle Checking
OTHER TIERS: 0.10% → Any amount
0.15%*†$500*$1mSterling Eagle Checking with Direct Deposit
OTHER TIERS: 0.05% → Any amount
0.05%†--Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%†$500-36 Month Sterling Club CD
1.75%†$500-48 Month Sterling Club CD
1.75%†$500-60 Month Sterling Club CD
1.70%†$500-36 Month CD
1.70%†$500-48 Month CD
1.70%†$500-60 Month CD
1.70%†$500-24 Month Sterling Club CD
1.70%†$500-Business 36 Month CD
1.70%†$500-Business 48 Month CD
1.70%†$500-Business 60 Month CD
1.65%†$500-24 Month CD
1.65%†$500-18 Month Sterling Club CD
1.65%†$500-Business 24 Month CD
1.60%†$500-18 Month CD
1.60%†$500-Business 18 Month CD
1.55%†$500-12 Month Sterling Club CD
1.50%†$500-12 Month CD
1.50%†$500-Business 12 Month CD
1.25%†$500-6 Month Sterling Club CD
1.20%†$500-6 Month CD
1.20%†$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
1.70%†$500-36 Month IRA
1.70%†$500-48 Month IRA
1.70%†$500-60 Month IRA
1.65%†$500-24 Month IRA
1.60%†$500-18 Month IRA
1.50%†$500-12 Month IRA
1.20%†$500-6 Month IRA
0.20%†$500-3 Month IRA
0.05%†$500-1 Month IRA
Locations

Availability



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