Add-On CD
Get a guaranteed interest rate for the term you
select.
- One penalty-free withdrawal of up to
one-half of the original opening amount
anytime during the term of the CD.
- Bonus rates are available to Preferred
Checking customers.
- View our rates1
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Automatic Renewal Option
We will notify you when your CD is about to mature.
You will then have seven days to change your term
or withdraw your CD funds without penalty. If
you choose not to make any changes, your CD automatically
renews for the same term at the current interest
rate.
First South Bank CD Details
- Penalties may apply to early withdrawals.
- A CD of $5000 or more automatically
qualifies you for Preferred Checking.
- At maturity, your CD will automatically
renew at the then current interest rate,
or you have the option of switching into
a different CD term. (You will receive
a notice in advance of maturity).
- Interest can be paid monthly, quarterly,
or at maturity.
- Interest can automatically be deposited
into your First South Bank checking or
money market checking account.
- Preferred and Senior Checking customers
are entitled to receive no-penalty CD
withdrawals up to $25,000 per year for
admittance into a health care facility,
nursing homes, or retirement facilities.
- The security of FDIC insurance 2
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Do you have a savings goal in
mind? Use one of our calculators
to determine how long it will take to reach your
goal.
For more information on Personal Finance Options,
click
here to send us your questions, or contact
us at 1-800-946-4178.
1
The interest rate may change at any time without
prior notice.
2
Exact amount of FDIC insurance depends on amount
of deposit and nature of ownership interest.
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