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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.

Contact one of our Customer Service Representatives for questions or assistance.


See our CURRENT RATES-
(RATES ARE SUBJECT TO CHANGE DAILY)

Individual Retirement Account      
First Southern Bank is always willing to help you plan for financial success. Individual Retirement Accounts are a great way to prepare for the future. Contact one of our Customer Service Representatives for qualification requirements or any details concerning these retirement accounts.

We can help you with:

  • Traditional IRA - A Traditional IRA is a retirement account that offers tax-deferred earnings and the potential for contributions that are tax-deductible. Traditional IRA earnings are taxed upon withdrawal.
  • Roth IRA - The Roth IRA is a retirement account in which non-deductible contributions can grow tax free and can be withdrawn tax free upon retirement.