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Savings

We offer a complete range of savings and investment accounts to help you achieve your financial goals.  From CDs to Christmas Club and Vacation Club savings, we have a savings plan that's right for you.

 

Tiered Money Market Account

  • $500.00 minimum balance to open
  • $12.00 service charge fee each month account balance falls below $2,500.00
  • Maintain minimum balance of $500.00 to earn interest
  • Limited to six transfers or withdrawals per statement cycle

 

Statement Savings Account 

  • $25.00 minimum balance
  • Maintain minimum balance to earn interest
  • Receive quarterly statement
  • Limited to six transfers or withdrawals per statement cycle without a service charge

 

Christmas Club Savings Account

  • $10.00 minimum opening deposit
  • We'll send you a coupon book and you can make deposits, or you can have the money transferred from your checking account directly into your Christmas Club Account.
  • We'll match your last deposit up to $100*
  • Receive a check for your balance in November!

 

Vacation Club Savings Account

  • $10.00 minimum opening deposit
  • We'll send you a coupon book and you can make deposits, or you can have the money transferred from your checking account directly into your Vacation Club Account.
  • We'll match your last deposit up to $100*
  • Receive a check for your balance in May!

 

*First Southern will match the last scheduled weekly deposit made into your Christmas Club or Vacation Club Account when deposits are scheduled at account opening and made as scheduled.  Maximum match is $100.  Limit one matching deposit per houshold.  Early closure fee of $10.  You will receive a credit to your account equal to the club plan amount as a bonus if the terms are met.  The account balance must equal the plan amount as follows:  $5.00 plan - required balance = $245.00, $10.00 plan - required balance = $490.00, $20.00 plan - required balance = $980.00, $50.00 plan - required balance = $2,450.00, $100.00 plan - required balance = $4,900.00

  

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.

 

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)

Learn about the basics of financial education. Whether you are buying a home, balancing your checkbook, or investing in your 401(k), the resources on http://www.mymoney.gov/index.html can help you maximize your financial decisions.