Savings
A wide variety of flexible savings options…
Sterling Bank offers a variety of savings options. Whether it’s your first savings account, a time deposit or even an IRA, we can help you select an account that best fits your needs.
Savings Accounts
Earn interest on all your account balances and enjoy the flexibility of accessing your funds without penalty. Statement Savings accounts provide users with the convenience of Digital and Telephone banking as well as ATM accessibility.
| Features | Interest | Requirements/Fees |
|---|---|---|
| Receive a statement of your savings transactions | Monthly variable-tiered rate | *$1 maintenance charge if average daily balance falls below $100 for the month |
| Transfers and withdrawals made in person, by mail or ATM are unlimited | *Account holders age 18 or under are not charged | |
| *Up to six transfers per month by check, point-of-sale or pre-authorized transfer | ||
| Fees may reduce earnings on these accounts | ||
| *Contact us for more information about applicable rates, fees and terms | ||
| Direct Deposit required for no annual fee ATM/Debit Card |
For customers age 18 and under. This account helps teach and reinforce the important, long-term value of saving. This account carries no minimum balance requirements.
See STATEMENT SAVINGS for account features, interest and requirements.
For the customer that wants the higher yield of a Time Deposit with the ability to make deposits before maturity. A Century Savings account is a great option for those saving for real estate taxes, college tuition, vacations or even holiday gift buying.
| Features | Interest | Requirements/Fees |
|---|---|---|
| 12-month term | Monthly variable-tiered rate | If you withdraw any of the principal before the maturity date we may impose an early withdrawal penalty |
| For the customer that wants the higher yield of a Time Deposit with the ability to make deposits before maturity | *Contact us for more information about applicable rates, fees and terms | |
| Customer has option of selecting initial maturity |
Retirement savings can be complicated. We’re here to help. We offer retirement savings accounts with variable and fixed rates. Options include Traditional, ROTH, SEP (Simplified Employee Pension) or SIMPLE (Saving Incentive Match Plan for Employees). IRAs are considered good long-term or tax-deferred savings options for just about anyone.
| Features | Interest | Requirements/Fees |
|---|---|---|
| No annual administration fees | Monthly variable-tiered rate | Subject to Government Regulations pertaining to Individual Retirement Accounts |
| Fixed-Rate Time Deposit IRAs available | *Contact us for more information about applicable rates, fees and terms |
Sometimes known as Certificates of Deposit (CDs), Time Deposits feature competitive rates with term lengths from 182 days to 60 months. Feel free to contact us about current rates and terms or special opportunities.