Sterling Federal Bank was founded in 1885 and is based in Sterling, IL.

Learn more about Sterling Federal Bank and its products by browsing the services it offers. You can also read our community reviews and hear what others have to say about their experience with Sterling Federal Bank.

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Certificates of deposit accounts give you access to higher interest rates, but it comes at a price. See which CD accounts have the best rates for you.

Find and compare the best CD rates on the market.

Earn higher interest rates on your savings with a money market account. These are the best accounts money can buy.

Find and compare the best money market accounts around!

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Current CD Rates (Week of February 27, 2023)

Best Money Market Accounts

Banking refers to the business of providing financial services, including the acceptance of deposits, the making of loans, and the issuance of credit cards. Banks are financial institutions that are licensed to hold and manage money on behalf of individuals and businesses. They provide a range of services, including checking and savings accounts, loans, credit cards, and investment products. Banks are regulated by government agencies to ensure that they operate in a safe and sound manner, and they are typically required to maintain a certain level of capital to protect depositors and other customers.

A CD account, also known as a certificate of deposit account, is a type of savings account that offers a higher interest rate in exchange for keeping a certain amount of money on deposit for a fixed period of time. CD accounts typically have a fixed interest rate and a fixed term, which can range from a few months to several years. They are offered by banks and credit unions, and they are typically FDIC-insured or NCUA-insured, which means that the money deposited in the account is protected up to a certain amount in case the institution fails. CD accounts can be a good option for individuals who want to earn a higher interest rate on their savings and who are able to keep their money on deposit for a fixed period of time.

A money market account is a type of savings account that offers higher interest rates than a traditional savings account. Money market accounts are offered by banks and other financial institutions, and they typically have higher minimum deposit requirements and balance requirements than other types of savings accounts. The interest rates on money market accounts can vary depending on the current market conditions and the specific terms of the account. Money market accounts may also offer limited check-writing capabilities and ATM access. In general, money market accounts are a good option for consumers who want to earn a higher return on their savings while still having access to their money. However, it is important to carefully compare the terms and fees of different money market accounts before choosing one.

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