Sterling National Bank was founded in the 1800s in New York.
It has offered wealth management and banking services to individuals, families, and businesses throughout New Jersey and New York.
It offers various certificates of deposit, saving, checking, and individual retirement accounts that offer distinct tax benefits.
To learn more about the current rates of different products of Sterling National bank, keep reading on.
Summary
| Bank | Sterling National Bank |
| Rating | 4.4 |
| Saving rate | 0.25% |
| Monthly Fees | $10 |
| Savings Accounts Opening Fess | $25 |
| Website | Click Here |
Key Takeaways
- Sterling National Bank offers three kinds of saving account options and four types of checking account options.
- Apart from this, it also offers certificates of deposit, money market accounts, and individual retirement accounts.
- You can get full FDIC-insured deposit accounts, real-time balance and purchase alerts, and instant alerts on any transaction.
- It does not require you to maintain a minimum balance.
Sterling National Bank Interest Rate
The National average interest rate offered by different banks is 0.25%, and the interest rate of Sterling National Bank is 0.05%.
Sterling National Bank Products
The different offerings of the bank include the following:
- It comes with three saving accounts with one account for students.
- It offers high yields that come at promotional rates on events. ‘
- Sterling national bank has one option of money market account that features tiered interest rates.
- Many Checking accounts with different ways to waive off monthly fees.
- There are various IRA CD options, and you can select any from 30 days to 5 years.
saving account
Choice Savings
| Minimum deposit | $25 |
| Monthly fee | Basic $10, Extra $10 (after ten withdrawals), $2 (digital checks and paper images) |
| Terms and rate | 0.050% APY |
- A choice saving account provides you an opportunity to access your account through online banking, mobile banking, and physical banking.
- A Choice Savings account offers you FDIC insurance according to the maximum amount that law permits.
- The maintenance of $1000 in your account helps you waive 5$ of the monthly fee.
- It requires less commitment and is easy to manage.
Premium Savings
| Minimum deposit | $25 |
| Monthly fee | No Basic fee, Extra $10 (after six withdrawals) |
| Terms and rate | 0.250% APY |
- Premium saving accounts provide you an opportunity to access your account through online banking, mobile banking, and physical banking.
- A Premium Savings account offers you FDIC insurance according to the maximum amount that law permits.
Student Savings
| Minimum deposit | $25 |
| Monthly fee | No fee (if younger than 24 years), $5 (25 years old), $10 (after six withdrawals), $2 (digital checks and paper images) |
| Terms and rate | 0.050% APY |
- Student saving accounts provide you an opportunity to access your account through online banking, mobile banking, and physical banking.
- A student Savings account offers you FDIC insurance according to the maximum amount that the law permits.
Certificates of Deposit (CDs)
| Minimum deposit | $100,000 (For Jumbo CDs)$500 (For standard CDs) |
| Monthly fee | No monthly fee (Early penalty withdrawal) |
| Terms and rate | Standard CDs30 Days: 0.350% APY3 Months: 0.500% APY6 Months: 0.850% APY9 Months: 0.950% APY12 Months: 1.150% APY18 Months: 1.2% APYFor Jumbo CDs1 Months: 0.450% APY3 Months: 0.600% APY6 Months: 0.950% APY9 Months: 1.050% APY12 Months: 1.250% APY18 Months: 1.300% APY2 Years: 1.450% APY3 Years: 1.550% APY4 Years: 1.650% APY5 Years: 1.750% APY |
- Student saving accounts provide you an opportunity to access your account through online banking, mobile banking, and physical banking.
- A student Savings account offers you FDIC insurance according to the maximum amount that the law permits.
- The term period ranges from 30 days to 5 years with different interest rates at different periods.
Money Market Account
| Minimum deposit | $25 |
| Monthly fee | Basic $8 (Waivable), Extra $10 (after 6 withdrawals), $2 (digital checks and paper images) |
| Terms and rate | $2,500 – $49,999.99: 0.030% APY$50,000 – $99,999.99: 0.050% APY$100,000 – $249,999.99: 0.050% APY$250,000 – $499,999.99: 0.080% APY$500,000+: 0.080% APY |
- A Money Market account provides you an opportunity to access your account through online banking, mobile banking, and physical banking.
- A Money market account offers you FDIC insurance according to the maximum amount that the law permits.
Individual Retirement Accounts
| Minimum deposit | $500 (Standard IRA CDs)$100,000 (Jumbo IRA CDs) |
| Monthly fee | No monthly service fee |
| Terms and rate | Standard IRA CDs1 Month: 0.350% APY3 Months: 0.500% APY6 Months: 0.850% APY9 Months: 0.950% APY1 Year: 1.150% APY18 Months: 1.200% APY2 Years: 1.350% APY3 Years: 1.450% APY4 Years: 1.550% APY5 Years: 1.650% APYJumbo CDs1 Months: 0.450% APY3 Months: 0.600% APY6 Months: 0.950% APY9 Months: 1.050% APY12 Months: 1.250% APY18 Months: 1.300% APY2 Year: 1.450% APY3 Year: 1.550% APY4 Year: 1.650% APY5 Year: 1.750% APY |
- Your money becomes tax-free if you make qualified withdrawals and reach the age of at least 59.5 years.
- Individual retirement accounts allow you to access your account through online banking, mobile banking, and physical banking.
- An individual retirement account offers you FDIC insurance according to the maximum amount that law permits.
Checking Account
Simple Checking Account
| Minimum deposit | $25 |
| Monthly fee | No service fee$10 fee (Paper statements)$2 (paper and digital check images) |
- As the name suggests, the simple checking account offers the easiest way of managing their finances.
- It provides the client with 15 free checks, and on demanding additional checks, they will be charged 50 cents per check. eStatements are free
- A simple checking account provides you an opportunity to access your account through online banking, mobile banking, and physical banking.
- This account offers you FDIC insurance according to the maximum amount that the law permits.
Choice Checking
| Minimum deposit | $25 |
| Monthly fee | $10 service fee$10 fee (After 6 withdrawals)$2 (paper and digital check images) |
- With some additional features, it is almost similar to a simple checking account. Its charges a $10 monthly fee which is waivable to maintain the average daily balance of at least $1500.
- The choice checking account allows you to access your account through online banking, mobile banking, and physical banking.
- This account offers you FDIC insurance according to the maximum amount that the law permits.
- Moreover, you can also enjoy free eStatements and four transactions free at non-Sterling ATMs and a free first basic check.
Premium Checking Account
| Minimum deposit | $25 |
| Monthly fee | $2 fee for paper or digital check images$15 monthly service fee unless you meet certain requirements |
| Terms and Rates | 0.050% APY |
- It provides you access to your account through online banking, debit card, and Cheque.
- A premium checking account provides you security insurance of the maximum amount permitted by the law.
- When you open this account, you get a premium saving account for free.
- The monthly fee is waivable on maintaining the minimum of $2,500 in the account. In addition, it provides free ATM access, unlimited checks, and free paper and eStatements.
Student Checking Account
| Minimum deposit | $25 |
| Monthly fee | No fee (if younger than 24 years), $5 (25 years old), $10 (after six withdrawals), $2 (digital checks and paper images) |
- You need to prove your enrollment in college or high school to qualify for this account. If you are less than 24 years, the bank will waive off the monthly fee.
- It provides you access to your account through online banking, debit card, and Cheque.
- A student checking account provides you the security insurance of the maximum amount permitted by the law.
What differentiates Sterling National Bank from others?
Here are the features that differentiate Sterling National Bank from others:
- You get real-time balance and purchase alerts
- You don’t have to have any minimum balance requirements to keep your account working
- You get instant alerts on any transaction
Sterling National Bank features
- Here are the features of Sterling National Bank:
- You get full FDIC insured deposit accounts
- No more hassle opening account in Sterling National Bank
- There are no monthly account fees
Our experience with Sterling National Bank
My experience with Sterling National Bank has been nothing less than a nightmare.
The customer service is so poor, and I would give only 1 star to this Sterling National Bank.
The online service is always down. So, I’m never going to use it again ever.
Sterling National Comparison
Let’s compare Sterling National Bank with similar services
Sterling National Bank vs. BrioDirect
You get offered excellent saving rates on your saving account.
Plus, you won’t get charged a monthly fee, so it would be a great option for those people who don’t need in-person services.
You only need $25 to open your Sterling National Bank account.
Sterling National Bank vs. ACNB Bank
You can make a deposit check with snaps in the Sterling National Bank app, and you can check your account details 24*7 here.
In ACNB, you can check your account details whenever you want and see your pending transactions and history.
Sterling National Bank vs. Webster SNS
You can do virtually anything with your Webster SNS account while using its application on your cellphone.
You can check your balance, transfer money, and make payments to friends with Zelle.
Same thing you can do using your Sterling National Bank application as well.
Most of the times Sterling National Bank application doesn’t work, but this won’t be the case when you use Webster SNS.
Frequently Asked Questions
What Is The Contact Number Of Sterling National Bank?
To get information about the bank or its products and services, you can contact at 855-274-2801.
What Is The Minimum Deposit Fee Of A Sterling Bank Account?
The minimum deposit fee of having an account in the Sterling bank is $25.
Where Does Sterling National Bank Operate?
Sterling National Bank has 50 branches in New Jersey and New York. Moreover, it also provides services through online and mobile banking.
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