Sterling Bank and Trust, FSB

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CURRENT TOP RATE

36 Month Sterling Club CD

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 5^th largest bank in the state of Michigan. It is also the 339^th largest bank in the nation. It was established in 1984 and as of June of 2021, it had grown to 293 employees at 30 locations. Sterling Bank and Trust, FSB has a C+ health rating.

Related Posts

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2020
2016
2008
Earlier

6/17 - New CD Rate Start As 06/15/2020

6/10 - Sterling Bank & Trust (CA) Offers MMA Promo Rate

11/10 - 4.05% 6-Month CD at Sterling Bank and Trust
9/5 - 4.05% 6-Month CD at a San Francisco Bank (Sterling Bank and Trust)

2/19/07 - 5.00% Checking Account at a California Bank (Sterling Bank and Trust)

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Health

C+

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	32232
Year Established	1984
Employees	293
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.56%
Return on Equity - YTD	5.57%
Annual Interest Income	$62.5MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$3.40B$3.74B
Loans	Q2 2021vs Q2 2020	$2.31B$2.72B
Deposits	Q2 2021vs Q2 2020	$2.64B$2.94B
Equity Capital	Q2 2021vs Q2 2020	$374.2MM$377.3MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$70.7MM$46.9MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$89.7MM$54.3MM
Real Estate Owned	Q2 2021vs Q2 2020	$0$0

Rates

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Money Market
Checking
CD
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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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*^†	$25k^*	$250k	Ambassador Club Money Market
OTHER TIERS: 0.01% → $1m+ \| 0.25% → $250k - $1m
0.20%^*^†	-	$1m	Sterling Club Money Market
OTHER TIERS: 0.01% → $1m+
0.20%^*^†	$10k^*	$1m	Premier Club Money Market
OTHER TIERS: 0.01% → $1m+
0.15%^*^†	-	$1m	Personal Money Market
OTHER TIERS: 0.01% → $1m+
0.10%^†	-	-	Business Money Market

Sterling Bank and Trust, FSB Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.06%^†	-	-	Sterling Eagle Checking - Club (w/ Direct Deposit)
0.06%^†	-	-	Sterling Eagle Checking - Premier Club (w/ Direct Deposit)
0.06%^†	-	-	Sterling Eagle Checking - Ambassador Club (w/ Direct Deposit)
0.01%^†	-	-	Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.70%^†	$500	-	36 Month Sterling Club CD
0.70%^†	$500	-	48 Month Sterling Club CD
0.70%^†	$500	-	60 Month Sterling Club CD
0.65%^†	$500	-	36 Month CD
0.65%^†	$500	-	48 Month CD
0.65%^†	$500	-	60 Month CD
0.65%^†	$500	-	Business 36 Month CD
0.65%^†	$500	-	Business 48 Month CD
0.65%^†	$500	-	Business 60 Month CD
0.55%^†	$500	-	24 Month Sterling Club CD
0.50%^†	$500	-	24 Month CD
0.50%^†	$500	-	Business 24 Month CD
0.35%^†	$500	-	18 Month Sterling Club CD
0.30%^†	$500	-	18 Month CD
0.30%^†	$500	-	12 Month Sterling Club CD
0.30%^†	$500	-	Business 18 Month CD
0.25%^†	$500	-	12 Month CD
0.25%^†	$500	-	Business 12 Month CD
0.15%^†	$500	-	6 Month Sterling Club CD
0.10%^†	$500	-	6 Month CD
0.10%^†	$500	-	1 Month Sterling Club CD
0.10%^†	$500	-	3 Month Sterling Club CD
0.10%^†	$500	-	Business 6 Month CD
0.05%^†	$500	-	1 Month CD
0.05%^†	$500	-	3 Month CD
0.05%^†	$500	-	Business 1 Month CD
0.05%^†	$500	-	Business 3 Month CD

Sterling Bank and Trust, FSB IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.70%^†	$500	-	36 Month Sterling Club IRA
0.70%^†	$500	-	48 Month Sterling Club IRA
0.70%^†	$500	-	60 Month Sterling Club IRA
0.65%^†	$500	-	36 Month IRA
0.65%^†	$500	-	48 Month IRA
0.65%^†	$500	-	60 Month IRA
0.55%^†	$500	-	24 Month Sterling Club IRA
0.50%^†	$500	-	24 Month IRA
0.35%^†	$500	-	18 Month Sterling Club IRA
0.30%^†	$500	-	18 Month IRA
0.30%^†	$500	-	12 Month Sterling Club IRA
0.25%^†	$500	-	12 Month IRA
0.15%^†	$500	-	6 Month Sterling Club IRA
0.10%^†	$500	-	6 Month IRA
0.10%^†	$500	-	1 Month Sterling Club IRA
0.10%^†	$500	-	3 Month Sterling Club IRA
0.05%^†	$500	-	1 Month IRA
0.05%^†	$500	-	3 Month IRA

Locations

Availability

Detroit Area

Detroit Area bank & credit union details

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