PERSONAL SAVINGS
Let’s face it: Life happens. And when you face an unexpected emergency, it’s vital to have accessible savings to soften the blow. Plus, intentional savings will get you on a solid path to make your short-term and long-term plans a reality. So, whether you’re creating a rainy-day fund or saving for a specific purpose, we offer a variety of Personal Savings account options to help you reach your goals.
Regular Savings Account
A great place to start, this account is easy to open and grows your money with daily compounded interest. Conveniently access your funds to make deposits, withdrawals, or transfers.
- Earn interest
- No monthly maintenance fee with $200 minimum balance
- Visa Check Card for access to funds
- Some restrictions apply
with every purchase.
With the Savings Made Simple program, every time you use your Southern Bank debit card the transaction is rounded up to the nearest dollar. To get started with this free service, all you need is your Southern Bank debit card and checking account, and a Southern Bank savings account.
Christmas Club Savings
For no-stress Christmas shopping, save a little each month so you’re ready for December! Choose the monthly amount and Southern Bank will automatically cut a check for the balance just in time for holiday shopping.
- Start with just $25
- Choose the monthly deposit
- Get a check for the balance in time for Christmas
Save for the future – and lower your tax bill! Individual Retirement Accounts (IRAs) provide a tax-deferred investment to build your financial foundation.
- $100 minimum deposit to open
- Roth or Traditional IRAs available
- Fixed or variable rates
Maximize interest earned, and maintain easy access to your funds. Money market accounts offer tiered interest rates, so the higher your balance grows, the more you earn.
- Standard and premium accounts
- Balance-based interest rates
- No monthly fee with qualified balance
Get the most from your savings – and stay flexible. With fixed rates of interest and FDIC insurance, our Certificates of Deposit (CDs) keep your money safe and give you peace of mind. Flexible terms give you lots of options, so you can access your money when you need it.
- $500 minimum deposit to open
- Guaranteed rates of return
- Terms range from one week to five years
Let's talk.
Please give us a call at 1.855.275.7226 or fill out the form below, and we’ll be in touch soon to answer your questions and determine the right solutions for you.
Savings Made Simple – Frequently Asked Questions
It’s free for all customers of Southern Bank! Call or visit any of our Southern Bank branches to have an advisor activate the service on your accounts.
To activate the Savings Made Simple service, you will need to have a Southern Bank debit card and checking account, as well as a Southern Bank savings account. Then, simply call or visit any of our Southern Bank branches to have an advisor activate the service on your account.
The Savings Made Simple program can be activated only on a Southern Bank debit card linked to a Southern Bank checking account.