Time Deposits
Choose the length of your investment...
A Time Deposit is deposit account with a fixed term. Sterling Bank offers Time Deposits, ranging from 182 days to 60 months. To open a Time Deposit, you must deposit a minimum of $1,000. Our Century Savings account is a variable-rate Time Deposit that allows you to add funds during a 12-month term.
Why Should I Consider a Time Deposit?
A fixed deposit account is a type of savings account in which money is deposited for a stated period of time. A Time Deposit is a safe alternative to a bond investment. Among the reasons to consider investing in a Time Deposit are:
- It encourages longer-term savings
- Time Deposits typically offer higher interest rates than savings accounts
- Principal and accrued interest are insured to FDIC deposit limits
- Multiple maturities are available