banking concept

Checking*

 Minimum Opening DepositMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
50+ Interest Checking$50.00  0.15%0.15%
Southern Advantage $0 -$2,499$50.00  0.15%0.15%
Southern Advantage $2,500 & Above$2,500 $2,500.00 0.25%0.25%
Business Checking w/Interest $0 - $9,999$50.00  0.05%0.05%
Business Checking w/Interest $10,000 & Above$10,000.00$10,000.00 0.15%0.15%
IOLTA Checking$50.00 0.05%0.05%

Savings*

 Minimum Opening DepositMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Personal Savings$25.00$25.000.15%0.15%
First Choice Savings $0 - $24,999.99  0.15%0.15%
First Choice Savings $25,000 - $500,000$25,000.00$25,000.001.25%1.26%
First Choice Savings Over $500,000 $500,000.01$500,000.011.00%1.00%

Money Market Account*

 Minimum Opening DepositMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Money Market $500 - $49,999.99$500.00$500.000.20%0.20%
Money Market $50,000 - $99,999.99$50,000.00$50,000.000.25%0.25%
Money Market $100,000 - $249,999.99$100,000.00$100,000.000.60%0.60%
Money Market $250,000 & Above$250,000.00$250,000.001.00%1.00%

Certificates of Deposit*

TermMinimum Opening DepositMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
91 Day Certificate$1,000.00$1,000.000.28%0.28%
182 Day Certificate$1,000.00$1,000.000.78%0.78%
10 Month CD **Special**$5,000.00$5,000.001.75%1.75%
12 Month Certficate$1,000.00$1,000.001.02%1.02%
18 Month Certificate$1,000.00$1,000.002.00%2.00%
24 Month Certificate$1,000.00$1,000.001.21%1.21%
36 Month Certificate$1,000.00$1,000.002.00%2.00%
48 Month Certificate$1,000.00$1,000.002.00%2.00%
60 Month Certificate$1,000.00$1,000.002.10%2.10%

Individual Retirement Accounts*

TermMinimum Opening DepositMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
12 Month Traditional or Roth IRA$100.00$100.001.02%1.02%
24 Month Traditional or Roth IRA$100.00$100.001.80%1.81%
36 Month Traditional or Roth IRA$100.00$100.002.00%2.02%
48 Month Traditional or Roth IRA$100.00$100.002.00%2.02%
60 Month Traditional or Roth IRA$100.00$100.002.10%2.12%

Rates effective 8/29/2019

*Rates are subject to change daily

APY is Annual Percentage Yield

Interest paid on Account Types listed as CD’s (Certificates of Deposit) is not compounded and cannot be credited to the certificate. Payout of interest is mandatory.  A penalty may be imposed for early withdrawal.

Interest paid on Account Types listed as IRA’s (Individual Retirement Accounts) is compounded. A penalty may be imposed for early withdrawal.

Checking, Savings and Money Market products listed under “Account Types” above are products with rates that are subject to change after an account is opened and at the discretion of First Southern Bank. These accounts may also charge fees which will reduce earnings.


REPORT A LOST OR STOLEN CARD

If you need to report a lost or stolen debit card issued by First Southern Bank, please call 1-866-546-8273
If you need to report a lost or stolen credit card issued by First Southern Bank, please call 1-866-598-1769