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Sterling Bank Special IRA Rates
No CommentsSterling Bank of New Jersey is offering two promotional IRA Rates, a 10 month IRA at 1.70%APY and a 20 month IRA at 1.95%APY. The two IRA terms require at least $500 minimum amount to open and $500 minimum balance to obtain the APY.The special IRA rates are effective June 25, 2009 but may change without notice. There are also fees that could reduce your earnings and a substantial penalty for early withdrawal.
Worth noting is the big difference of these special IRA rates to that of the regular IRA rates that the bank offer. For example, a 36 month regular IRA rate offer is only 1.90%APY compared to the 20 month special IRA rate offer of 1.95%APY.
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