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A Time Deposit is an interest-bearing bank deposit that has a specified date of maturity. Sterling Bank offers a wide range of Time Deposits, ranging from 182 days to 5 years. To open a Time Deposit you must deposit a minimum amount of $1000.00. Century Savings are variable rate open time deposits with ability to make unlimited deposits.

Why Should I Consider a Time Deposit?

A fixed deposit account is an investment account and a type of savings account in which money is deposited for a stated period of time. It is often considered a “safe” investment option when compared to other investment types such as the stock market or money markets. Among the reasons to consider investing in a Time Deposit are:

* It encourages a savings habit

* Time Deposits often earn higher interest rates than savings accounts

* Your returns are insured to FDIC deposit limits

* You choose the length of time your money is invested

 




 

Need More Information?

For more information about any of our products or services please contact us at any of our branch locations or email info@sterlingbank.ws today.