About – U.S. Sterling
U.S. Sterling specializes in referring jumbo certificates of deposit nationwide.
Since we began serving our clients in 1987, U.S. Sterling has grown to become the country’s leading referral service of jumbo CDs. Today, we proudly serve over 4,000 institutional and individual clients enabling them to better manage their investments.
Being in business for over 30 years, we work with banks, credit unions, trust companies, public funds (i.e., municipalities), and high-net work individuals who are looking to invest excess liquidity into FDIC and NCUA-insured bank deposits (certificates of deposits) to generate fixed-income investment yield while keeping 100% of their funds fully insured backed by the full faith of the U.S. government.
We help them find depository institutions across the U.S. where they can deposit their funds to ensure they don’t have more than $250k in any one FDIC/NCUA-insured bank or credit union.
On the flip side, insured banks and credit unions looking to bring in deposits to fund their loan portfolios from outside their core local depositors turn to us to help them bring in those deposits from our investing clients, which for the most part, are qualified institutional buyers like other banks and credit unions, and trust companies.
Often is the case that the local depositor market for a bank is not enough to meet their loan funding needs – i.e., banks servicing the farming industry put out large loans for expensive farming equipment, but their local market does not have high-income earners and businesses and thus don’t deposit enough in the bank to meet the loan demands for the farmers, so they look to depositors that are outside their local market to help fund those loans.
That is just one small example of the need for deposit funding. Our services enable these institutions to transact with one another, and we process all the paperwork and reporting for both parties.
All movement of funds is sent directly between the investor and receiving bank/credit union through the FedWire system for added safety and security; we never handle or hold any client funds in our accounts…that is a really important factor for our clients and us too.
Certificates of Deposit – U.S. Sterling refers to hundreds of banks, savings & loan associations, and credit unions.