STERLING SILVER CHECKING

Our Sterling Silver Checking account offers all the conveniences of banking – for free! 

✓ Sterling Online Banking
✓ Sterling Online Bill pay
✓ Sterling Mobile Banking
✓ E-statements
✓ VISA Debit Card

Avoid a monthly maintenance and per check fees by simply maintaining a minimum daily balance.*

Or, open a Sterling Silver Checking along with a statement savings, Certificate of Deposit or IRA account and meet the combined daily balance requirement* and enjoy no monthly maintenance or per check fees.

V.I.P. OVERDRAFT PROTECTION

Sterling offers Sterling Silver Checking accountholders the option of adding our V.I.P. Overdraft Protection. This revolving line-of-credit provides added protection in the event of an unexpected cash shortfall. A credit application is required and is subject to Sterling National Bank’s credit policy and review.

SENIOR NO-FEE CHECKING

Sterling offers a special no fee checking account for individuals aged 62 or over that is free from monthly maintenance fees and transaction limitations or fees.

Plus you can enjoy free, added benefits like:

✓Sterling Online Banking
✓Sterling Online Bill pay
✓Sterling Mobile Banking
✓E-statements
✓VISA Debit Card

BASIC PERSONAL CHECKING (LIFE LINE)

Sterling offers a basic personal checking account which can be opened with a minimum of $25.00.  There is a monthly maintenance fee, transaction limitations and other account fees*. 

Plus you can add:
✓Sterling Online Banking
✓Sterling Online Bill pay
✓Sterling Mobile Banking
✓E-statements
✓VISA Debit Card

*Current monthly maintenance fees, transaction limitations and account fees are set forth in the account terms and agreement disclosure.

N.O.W. ACCOUNTS

Sterling’s N.O.W. Account is an variable rate interest-bearing checking account.  A minimum deposit of $1,500.00 is required to open this account.

Avoid a monthly maintenance and per check fees by simply maintaining a minimum daily balance.*

OVERDRAFT PROTECTION

Sterling offers overdraft protection for qualified checking account customers. This revolving line-of-credit provides added protection in the event of an unexpected cash shortfall. A credit application is required and is subject to Sterling National Bank’s credit policy and review.

STATEMENT SAVINGS ACCOUNT

Start saving today with a Sterling Statement Savings Account.  Interest earned is compounded daily and credited monthly.

STERLING SILVER MONEY MARKET ACCOUNT

The Sterling Silver Money Market Account is a variable rate, interest-bearing account with check writing and debit card access.

STERLING NATIONAL BANK VISA® DEBIT CARD

The Sterling Visa® Debit Card allows you to make purchases at thousands of retail locations nationwide, wherever Visa® is accepted. The card works just like a check, but with the convenience and versatility of a credit card.

Plus, you can use the card to make purchases online, over the phone, at restaurants, and other places where checks are not accepted*.

The Sterling Visa Banking Card is also an ATM card. This means you can use it to get cash, transfer funds, and access your account balances at any STAR or CIRRUS ATM.

Your Banking Card will be linked directly to your Sterling Checking Account, so every transaction you make with the card will be reflected on your monthly statement, and can be viewed online with Sterling Internet Banking.
The Sterling Visa Banking Card eliminates the need to carry credit cards, your checkbook and a lot of cash. You can have it all with just one card. The card is free, so call today.

CD – CERTIFICATE OF DEPOSIT

Sterling offers certificates of deposit in a variety of terms with competitive rates.

To obtain current rates, please contact an office near you.

IRA PRODUCTS & SERVICES

Traditional IRA
Are you under age 70 & 1/2, with earned income? If so, your contributions to a Traditional IRA may be tax-deductible, depending on participation in an employer-sponsored retirement plan and income level.

Potential earnings are tax-deferred until you make withdrawals from the account. You can begin withdrawing funds from your IRA without the 10% IRS premature-distribution penalty any time after you reach age 59 & 1/2. You must begin to take your minimum required distributions when you reach age 70 & 1/2. Withdrawals of tax-deductible contributions and earnings are taxed at current income tax rates.

Roth IRA
Don't qualify for a Traditional IRA or looking for different tax advantages? Regardless of your age, you may be able to establish and make non-deductible contributions to a Roth IRA if you meet certain Adjusted Gross Income limits.

Unlike a Traditional IRA, you do not report Roth IRA contributions on your tax return. However, this type of account offers a potentially greater tax advantage: when you begin withdrawing funds at retirement, earnings on the account are tax-free. In addition, contributions can be made to your Roth IRA after you reach age 70 & 1/2, and there are no mandatory withdrawals at any age.

NOTE: Consult with your tax advisor or see Publication 590, Individual Retirement Arrangements (IRAs) for additional information.

Rollover IRAs
Are you changing jobs or retiring? Avoid immediate taxes and penalties with a Rollover IRA.

A Rollover IRA allows you to directly transfer all or part of your pension or retirement funds from one eligible plan to another. At Sterling, we make it easy to roll over your current retirement account to one of our IRA’s. Simply stop by any branch and speak with a customer service representative.

If you are under 50 years of age at the end of 2011: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2011. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $5,000.The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income.

If you are 50 years of age or older before the end of 2011: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2011. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $6,000. The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income.

For married couples, if one of the spouses is not employed, the working spouse may contribute up to the annual limit towards the non-working spouse's IRA. This is as long as you file a joint tax return and the working spouse has enough earned income to cover the contribution.