Certificates of Deposit
First Southern Bank offers a variety of Certificates with competitive terms and rates. A certificate is a time deposit account that earns interest for a specified term. Earn a fixed, guaranteed yield with this safe FDIC-insured investment.
It can be used essentially as a savings account because it restricts the holder from withdrawing funds on demand. Although it is still possible to withdraw the money, this action will incur a penalty if the Certificate has not reached maturity.