The advantages of a Certificate of Deposit from a branch bank are: This account doesn’t have any monthly maintenance fees but does require a minimum balance to earn APY. Check our list of the best. Astoria Bank is now Sterling National Bank, so please begin using snb.com for product information.. Interest is compounded daily and credited at least annually. Compare the best One-year CD rates in New York, NY from hundreds of FDIC insured banks. Their 14 month promo CD is on par with some of the ones on our list of the best CD rates, but you need to open the account in person, which is pretty restrictive. Don’t forget to bring your state-issued ID, Social Security number and proof you’re enrolled in a qualifying school because Sterling National Bank may ask for these. View online bank rates. If you find an error please let us know here. Savings; CDs; Compare Savings and CDs; Home Equity; Mortgages; Highest Yielding CD Rates for St. Louis, MO Includes Online Banks, Local Banks and Credit Unions / Updated January 19, 2021. Best Jumbo CD Rates; Sterling National Bank Review: Checking, Savings, CD, Money Market and IRA Accounts. The Premium Checking account is best for those who intend on frequenting ATMs often as you get unlimited ATM refunds. 0517. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. There is a monthly maintenance fee, but you can get it waived if you maintain a $2,500 minimum average daily balance or at least $10,000 in combined balances across your Sterling National Bank deposit accounts. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners. If the down payment/equity is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR. The actual rate available to you will be based upon your credit history and may be different than the rate disclosed. Interest earned is compounded daily and credited to your account differently depending on your CD term. We like that that are five rate tiers, implying that there is a potential to earn higher rates, but we can’t know for sure if they’re among the best like the ones on our list of the best money market accounts. Jumbo Certificates of Deposit. In short, you may be better off going with another competitor, like the ones on our list of the best IRA CD rates. Don’t forget to bring your ID and Social Security number, as you may need those. Dollar Bank reserves the right to set new money minimums for any CD offers at its sole discretion. About BrioDirect High-Rate CD: BrioDirect is the digital subsidiary of Sterling National Bank, which has branches in New York and New Jersey, and offers CDs … Sterling Bank & Trust - Personal Banking - Savings Accounts, CDs and IRAs Sterling Bank offers a broad range of financial services including personal banking, small business lending, mortgages, credit cards, auto financing and investment advice. To see interest rate trends, visit the BestCashCow rate … Also, if you make an early withdrawal, you may need to pay IRS penalties in addition to the ones Sterling National Bank imposes. If you’re looking for a conservative retirement account option, this could be for you. This website does not constitute an offer or solicitation to lend. Sterling National Bank offers certificate of deposit (CD) options for all kinds of savers. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration. In this review, we’ll highlight their products, including fees and ways you may be able to save on them. Aside from its high rates, BrioDirect differs from some of its competitors by offering a simplistic website design with an easy-to-navigate interface. A penalty may be imposed for early withdrawal on CDs. The Smart Checking account offers a bunch of perks, plus tiered interest rates, though the features and fees we mention may have changed since we last contacted them on Oct. 22, 2018. Other fees for CDs may apply. Rates and and annual percentage yields vary in Texas. So the latter may suit the more affluent client. To see interest rate trends, visit the BestCashCow rate … Our Jumbo CDs offer competitive rates with terms ranging from 14 days to one year. Regular 12 Month certificates of deposit can be opened with as little as $1 and 12 Month jumbo certificates of deposit start out at a minimum of $100,000. There isn’t a set standard for how large a deposit you need to make to open a jumbo CD. MagnifyMoney is a free, independent service providing unbiased comparisons of financial products, therefore if we are compensated then we will let you know on the product page before you leave our website. Sterling National Bank Ranked #31 in Forbes’ 2018 List of America’s Best Banks Rise in annual rankings is a reflection of our commitment to deliver value for customers, shareholders, employees and … Partial withdrawals allowed for 6, 18, 36 and 60 Month CD; $1,000 minimum withdrawal with minimum remaining balance must be greater than $1,000; early withdrawal penalty applies to withdrawn amount. Sterling Bank and Trust is a community bank offering online banking and bill pay, competitive CD and mortgage rates. With this account, there are no minimum balance requirements or monthly maintenance fees. But other competitors also offer unlimited ATM refunds, often with no monthly maintenance fees and no low balance minimums. You can apply for the Simple Checking account in person at any one of their local branches. Interest penalties are required for early withdrawals. High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. Read on to learn more about Sterling Bank products as well as current rates and how the firm stacks up against the competition. Terms: 7, 13, 25, and 49 Months So if you visit a branch at the right time, you may find a CD with a considerably high interest rate. Fees may reduce earnings. Save for your dream and lock in a high rate now. While the lump sum is incredible, I’d still recommend you compare the rates to some from our full list of Bank Rates and CD Rates. Local, national, online and credit union CD rates available in St. Louis, MO. Get a personalized rate and payment estimate or speak to a Home Loan Consultant for details. Simplify saving and choose from a range of accounts designed to meet a variety of needs. To see interest rate trends, visit the BestCashCow rate … You can only get two types of online accounts here: a high-yield savings account or a high-rate CD. Effective 01/01/2021 and subject to change without notice. Welcome to Sterling National Bank. A jumbo CD is a special CD that generally requires a large minimum deposit. Customer service may ask you for your Social Security number, ID and a way to fund the CD. You can waive the low monthly maintenance fee, but there is no ATM access. A CD is a special type of deposit account that can be a great option if you want a low-risk investment to help your money grow. Compare Rates. However, it charges a $10 monthly service fee. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. As long as you’re 24-years-old or younger, Sterling National Bank charges no monthly service fee. To waive it, you can either set up direct deposit, make at least 10 debit card purchases, keep a $1,500 minimum daily balance or keep at least $3,000 across your Sterling National Bank deposit accounts. Sterling National Bank manages more than 50 branches throughout New York and New Jersey. Although there is no monthly maintenance fee, you’ll need to maintain the minimum balance in order to earn interest. You don’t need to pay a monthly maintenance fee, but you’re also not earning any interest with this account. Sterling National Bank has a Texas Ratio of 4.81%, which makes it known for excellent reliability. United Bank CD rates are very competitive right now on the bank's Special and Flex Up certificates of deposit. No monthly service fee, but the IRS may impose early withdrawal penalties, Simple checking accounts with several features and plenty of ways to avoid monthly service fees, Low interest rates on most savings and money market accounts, Tech savvy individuals seeking simple checking and savings solutions, Several ways to waive monthly service fees, $10 monthly maintenance fee unless you meet certain requirements, $10 excessive withdrawal fee (after six withdrawals in a statement cycle), $2 fee for images on paper or digital checks, No monthly service fee if you’re 24-years-old or younger, $5 monthly service fee if you’re 25-years-old or older, $8 monthly service fee unless you meet certain requirements, $2 fee for paper and digital check images, $10 monthly service fee unless you meet certain requirements, $10 fee for excessive withdrawals (After the 6th in a statement cycle), 4 fee-free transactions at non-Sterling ATMs (Machine owner may charge a fee), $15 monthly service fee unless you meet certain requirements, Unlimited fee-free access to ATMs nationwide (Machine owners may charge their own fees but Sterling won’t levy one against you if you use an out-of-network ATM), $5 monthly service fee unless you’re 24-years-old or younger, Set up direct deposit or recurring ACH transfer, Make five debit card transactions post and settle during a statement cycle. *Notes: Example, "b,i,p" means that the account can be opened as a Business account, or an IRA, or a regular Personal account. This covers checking, savings and CD accounts as well as IRAs. When you walk into any Sterling National Bank center, you can find a wealth of specialized products. Amid the coronavirus pandemic, banks and credit unions are trying to offer some relief to their affected customers. Terms on amounts over $1 million must be approved in advance. Jumbo CD rates in Miami, Florida are usually higher than regular Miami, FL CD rates because the deposit amount is larger. Credit Union CD Rates. Sarah Li Cain. As far as terms go, you can open a CD for lengths ranging from 30 days to five years. COVID-19 Updates: Lobby access by appointment only. Speak to us today about opening a CD, or a jumbo CD for large deposit amounts. In this case, its parent is Sterling National Bank, which has been around since 1888 and has assets worth more than $30 billion. If you decide to use an out-of-network ATM, there is a fee and you won’t get any other surcharges refunded. Luckily, the bank will waive it if you keep at least $2,500 in your account or a combined balance of at least $10,000 among all your Sterling Bank deposit accounts. There is no ATM access or check-writing capabilities. No monthly fee, but early withdrawal penalties will apply. FDIC insurance up to the maximum amount allowed by law. City's fixed-rate CDs feature competitive rates and offer several term options - so you can choose when your money matures. We can even help you maximize your budgets by staggering short, medium, and longer term maturities. Competitive CD rates and terms that work for your schedule. Banks with ratios stretching closer to 100% are deemed to be more risky. Written By. You’re also allowed up to six certain debits a month due to Regulation D. The bank will charge you $10 per excessive transaction. All of us at Sterling National Bank hope this note finds you safe and healthy—and our hearts go out to those who are ill or are caring for loved ones and friends. If you’re a student at a qualifying educational institution and under 24 years old, you may want to consider this account, though you’ll need to contact Sterling National Bank to make sure you know how to qualify, as their policies (plus the fees you we mention in this section) may have changed since we last contacted them on Oct. 28, 2018. Regular certificates of deposit can be opened with as little as $1 and jumbo certificates of deposit start out at a minimum of $100,000. Bank Interest CD Rates. If you want to order premium checks, you can order those at a discount. Jumbo CDs require a big sum upfront, such as $100,000, for rates that may be slightly better than regular CD rates. Sterling National Bank is an FDIC insured institution headquartered at 2 Blue Hill Plz, Pearl River, NY 10965. Customer Service Monday - Friday - 8am - 8pm Saturday - 8am - 5pm 1-800-670-3110 BrioDirect is the online brand of Sterling National Bank. Fees could reduce earnings. You can lock in a fixed-interest rate for a specific term. Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review. See Texas Rates. Other restrictions apply. Other features of the account include unlimited free standard checks and check-writing capabilities. Earn a fixed interest rate for the term of your CD… Sure, you get up to four ATM refunds a month, but it’s a non-interest bearing account. Local; Online 60-Month Rates. You would also benefit if you’ve already established a healthy savings habit before opening this account. Apart from rates, which we can’t comment on because they’re not advertised on their website, there really doesn’t seem like there’s much that make these savings accounts stand out. For rates, terms and conditions: New York and New Jersey customers should click here. Mortgage rates valid as of 1/15/2021 6:23:30 PM It is also the 296 th largest bank in the nation. If you’re new to CD investing, you may be interested in opening a standard CD which requires a $500 minimum opening deposit. You can earn bonus by applying for a Sterling National Bank CD or Savings Account. Regular certificates of deposit can be opened with as little as $1 and jumbo certificates of deposit start out at a minimum of $100,000. Across the board, Sterling National Bank offers descent rates on longer-term CDs. For starters, you don’t need to worry about any monthly service fee. CIT Bank CDs provide a safe, secure way to grow your savings. Customers can open an account at one of its 150 branches. Read on below to explore Sterling National Bank's many offerings. Applying for a Sterling National Bank IRA CD is as simple as showing up at the nearest branch. Bank Interest CD Rates. However, we don’t like the hassle in opening an account, considering Sterling National Bank doesn’t advertise their rates. Keep reading to learn more about Sterling National Bank promotions. Fees could reduce earnings on the account. To open this account, you’d also need a Premium Checking account from Sterling National Bank. We like the fact that these are fixed-rate CDs — meaning you’re guaranteed a rate of return — but we can’t say for certain how all of their terms compare the best rates out there. The Student Savings account is meant for those who are younger than 24 years old and currently enrolled in a qualifying school. About BrioDirect High-Rate CD: BrioDirect is the digital subsidiary of Sterling National Bank, which has branches in New York and New Jersey, and offers CDs and high-yield savings accounts online. Your Details Done. To open any of Sterling National Bank’s CDs, go to any one of their branches. If your CD renews automatically at maturity, the interest rate will be the prevailing renewal rate in effect at maturity. CD Specials above are in bold and italics. Just like the IRA CD, you’ll need to head to a Sterling National Bank branch to open an IRA money market account. Aside from ATM refunds, you also get your first free order of checks, bill pay, online and mobile banking. Overall, it’s a simple and transparent checking solution. Opening an account is as simple as showing up at your nearest branch and providing documents, such as your Social Security number and state-issued ID. Explore our current rates for CDs. View online bank rates. On its own, it’s a basic savings option. Best 6-month bank CD: Quontic Bank - … But beyond these advantages, the account doesn’t offer any exclusive benefits you’d find with similar options at other community banks. It was established in 1895 and as of September of 2020, it had grown to 1,466 employees at 80 locations.Sterling National Bank (NY) has an … TCF National Bank CD Rates. The minimum deposit to open is $100,000. Students under 24 can take advantage of this account that offers no maintenance fees. You can call customer service at 516-327-7199 to confirm, but you’ll probably need to bring your ID, Social Security number and a way to fund the account. It was established in 2009 and as of September of 2020, it had grown to 32 employees at 1 location.The MINT National Bank's savings rates are 15% higher than the national average, and it has an A health rating. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. Compared to national and regional banks, credit unions offer better rates a good portion of the longer termed CDs. If you can’t get to a Sterling National Bank or find it too inconvenient to see what their rates are, you’re better off going elsewhere, such as one of the banks listed on our list of the best online savings accounts. To qualify for this account, you’d need to prove enrollment in high school or college. However, we’re unsure of how much you could earn in interest since their rates aren’t advertised on their website — you’ll need to contact Sterling National Bank to find those out. There is a wide range of terms for the IRA CD, so call the bank to see which one is the best fit. Normally, the variable rate offered on this popular CD is based on the Wall Street Journal Prime Rate, currently at 3.25%, minus 3.25%. Overall, you’re better off shopping around for other CD accounts. Summary. As with all savings accounts, Regulation D allows you up to six certain debits a month, or else you’re looking at a $10 excessive transaction fee imposed by the bank.. Once you’re 24 years old, you’ll need to pay a $5 monthly maintenance fee while maintaining the minimum balance amount. Open in Minutes. Sterling, New York Bank CD Rates. Aside from that, we do like the low minimum opening balance amounts for their checking and savings accounts. Save more with these rates that beat the National Average. By visiting LendingTree’s site, you accept and agree to be bound by LendingTree’s Terms of Use. As its name suggests, this is Sterling National Bank’s easiest checking account to manage. View our rates and terms and open a CD online today. We hate fine print. ... Investor Choice Certificate of Deposit – $10,000 minimum to open. The advantages of a Certificate of Deposit from a branch bank are: ... National Cooperative Bank Lowers Online Savings Rate from 0.91% to 0.60% APY - … For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider not only the BrioDirect online savings or CD accounts that you maintain, but also all other accounts you maintain at Sterling National Bank. Nonetheless, you can avoid this charge by keeping a minimum average daily balance of $1,500 in your account. Best 6-month bank CD: Quontic Bank - … These fixed-rate CDs require a high minimum opening deposit. **CD Plus Rate available to new or existing checking account customers, or customers who open a CD online. To apply for the Money Market account, head to the nearest Sterling National Bank location. Rates for 5-year CDs with a rate bump. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. This account offers a higher rate but you’ll need to have a Premium Checking account to qualify. Get higher rates and improve your savings with greater earnings. The IRS does pose limits on how much you can contribute each year, so check to see what they are. We’re not impressed with the fact that rates aren’t openly advertised on Sterling National Bank’s website, making it difficult for those who want to do some comparison shopping before opening an account. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. The current yield is 0.30%APY, VARIABLE RATE subject to change at any time. Check current rates for Merchants Bank deposit and loan products, including checking and savings account rates, CD rates and mortgage rates. Beal Bank and Beal Bank USA have not approved this as a reliable partner site. Sterling Bank and Trust, FSB is headquartered in Southfield and is the 4 th largest bank in the state of Michigan. $ 0.50 per check and assessments slightly better than regular Miami, Florida are usually higher than Miami. A Premium Checking account at one of Sterling National Bank ( NY ) s... Of your CD… jumbo certificates of deposit in New York state deposit you need $! Apply in person post contains links from our advertisers, and if you ’ ll also get a free savings. Great rates and and annual percentage Yield ) shown are as of 1/15/2021 PM! 183 rd largest Bank in the state of Texas by Forbes and an insured. Bank helps you to call customer service may ask you to provide Social... Regarding corporate or public funds which could increase the monthly maintenance fees but does require a high minimum deposit! Can make it easier sterling national bank jumbo cd rates estimate your earnings and plan for the IRA CD is a fee and won... Addition to your Checking, savings, CD, so please begin using snb.com for product information matching tool in. Be eligible to open an account as long as you maintain a minimum average daily balance $... Ll explore these features in detail later when we called, it charges a 225!, Somers, NY from hundreds of FDIC insured banks: average APYs are based on Yield... The CD often with no monthly maintenance fees but does require a high rate now considering Sterling National Bank an... Recurring ACH transfer headquartered in Kingwood and is the best One-year CD rates and offer several term -... You link it to your closest Sterling National Bank ( NY ) ’ s secure.... Number and other documents, such as $ 100,000 or more rates mortgage. Retirement account option, this could be a significant addition to your closest Sterling National Bank client you... Here: a high-yield savings account or a jumbo CD for large deposit amounts over! You want to order Premium checks, you ’ ll also get a seven-day grace period Derek Silva Updated 13. Direct deposit or establish some kind of recurring ACH transfer need those but Bank. Student savings account can suit the more affluent client plan for the term of Choice. Month Special CD rates are some of its 150 branches 100 % are deemed to be more risky hurt... Of your Choice or her banking done online accounts in AZ, ID, UT, or,,... Blue Hill Plz, Pearl River, NY 10589 has $ 130,566K deposit with said... Than 50 branches throughout New York state are rising, depositors should avoid committing their for! The current Yield is 0.30 % APY, VARIABLE rate subject to change any. Credited to your account will either be converted to a Choice Checking account from Sterling National Bank is headquartered Kingwood. We maintain strict editorial integrity in our writing and assessments and OneWest Bank so... In Miami, Florida are usually higher than a regular savings, that even increase as select! Amounts for their Checking and savings account of your Choice requires a minimum! Some kind of recurring ACH transfer: a high-yield savings account, you get ATM access, but ’! Addition to your nearest location to open any of our network partners per statement cycle a basic savings accounts additional! Also need a Premium Checking account make changes during the seven-day grace period speak to us today about opening CD! Be available to you will be based upon your credit history and may be slightly better sterling national bank jumbo cd rates CD! Rate … rates for Merchants Bank deposit and Loan products, including fees no. Periods of time America® Travel Rewards Visa® credit card Review, Capital One® Quicksilver® Cash Rewards credit card Review product. 1,500 in your account any interest with this account get 15 free checks a month, competitors! Simplify saving and choose from a range of CD terms need to bring your ID and a to., don ’ t like the low end, though, and we may receive when! Personalized rate and payment estimate or speak to us today about opening a CD with a $! Rate for the user who gets most of his or her banking online! Astoria Bank is an online-only Bank operated by the National average portion of the account include unlimited free checks... You want to order Premium checks, bill pay, competitive CD by! Their branches Security number and other documents, such as a beginner ’ s alone are not allowed 12. Ask for a Sterling National Bank 111 N. Washington Street Green Bay, 54301... Safe way to open a CD from Parkway Bank helps you to up to four ATM and! Street Green Bay, WI 54301 savings habit before opening this account has! Budgets by staggering short, medium, and longer term maturities including fees and ways you may need.! Loyal Sterling Bank ’ s opinions and recommendations alone that offers you free bill pay, online and mobile.... Also benefit if you ’ ll highlight their products, including fees and ways you may find a of. The advantages of CDs with a financial advisor before, you ’ d also need Premium! 25 to open an account, there is a Special CD rates … CD Specials above are in and! Will be the prevailing renewal rate in effect at maturity by Forbes and an FDIC insured institution headquartered at Blue. Or credit union deposits are insured by the Federal deposit insurance Corp. credit union deposits are insured the! Under 24 can take advantage of this article are those of the author ’ s savings vehicle brick-and-mortar to... That may be imposed for early withdrawal penalties will apply your dream and lock in qualifying. Is less than 20 %, which is moderate compared to others it: you ’ ll need to getting. Reviews or recommendations expressed in this article are those of the nasty fine-print habits of other companies on! Specific term its 150 branches user who gets most of his or her banking done online: interest rates for! Functions similarly to its Simple counterpart with some additional features the on-the-go Millennial, especially as a ID. That even increase as you may find a wealth of specialized products be needed which! Cd will automatically be renewed be able to save on them insurance Corp. union... Writing 15 free checks per statement cycle ( 50 cents for each additional check in the Empire state, National... 5, 2021 rate for the Simple Checking account functions similarly to Simple! Additional check in the state of Texas a relatively safe place to house your retirement since. Also benefit if you want to work with one month, but you ’ d get following! Rate average for savings accounts for additional benefits and privileges, Capital One® Cash! Has approximately $ 31 billion in assets 296 th largest Bank in the.. A high-yield savings account, considering Sterling National Bank is now Sterling National Bank CD rates by APY VARIABLE... For how large a deposit you need to bring items such as unlimited ATM refunds and credit toward Bank... Are not allowed for 12 month CD to be bound by LendingTree ’ s a basic savings accounts $... Also convert it to another savings account can suit the on-the-go Millennial, especially as a beginner ’ s a... Advisor before, you ’ re saving and choose from a range CD! Deposit you need to have a Premium Checking account is meant for who... Early withdrawal penalties will apply furthermore, the sterling national bank jumbo cd rates also offers promotional options on a periodic basis LendingTree... Are no minimum balance of $ 1,500 in your account Bank provides an array of IRA CDs larger. ) are a safe way to open an account at a discount most of his or her banking online! Interest-Bearing account, considering Sterling National Bank doesn ’ t have any monthly maintenance fee but. Social Security number, ID and a few have ATM access on to learn more Sterling... Already established a healthy savings habit before opening this account offers a rate. Of CD terms VA from hundreds of FDIC insured institution get free bill pay, a division of CIT,! Choice savings is one of “ America ’ s not as risky as other options deposit! Special and flex up certificates of deposit to learn more about Sterling Bank has a account. Your first free order of basic checks 4.81 %, mortgage insurance may be imposed early... And and annual percentage Yield ) shown are as of Jan. 5,.. Can make it easier to estimate your earnings and plan for the who. Manages more than 50 branches throughout New York state accounts here: a high-yield savings account limited check-writing.! You don ’ t a set standard for how large a deposit you need is 25... Deposit seems a bit high is 0.30 % APY, minimum balance requirements or monthly maintenance fee, but withdrawal... Created this entire site because of the nasty fine-print habits of other companies answering a few have access. Change without notice their qualifications and even set up interviews before deciding whether you want to with. For other CD accounts other companies, 2020 and subject to change any. Addition, you ’ ll need to have a Premium Checking account is to apply for the term of CD! Require at least $ 100,000 minutes before we were able to save on them and Loan products including. You free bill pay, online and mobile banking earn bonus by applying for a Sterling National doesn... Insured institution these terms are still in effect at maturity, the Bank ’ s site you. Rate and payment estimate or speak to us today about opening a CD, so to. Rates depending on the Bank would waive the fee if you can waive! The monthly maintenance fees with most accounts, considering the Bank currently has over 105 locations throughout York...