Individual Retirement Accounts are a great way to start saving for your future. Southern Bank has a great selection of tax-deferred IRA investments to suit your needs. Select from:
These investments have been popular with many Americans for years. In many cases, the contributions are tax deductible and the earnings are tax-deferred until retirement.
The earnings are Tax-Free, as opposed to tax-deferred at retirement, while contributions are made with after tax dollars.
Simplified Employee Pensions allow greater flexibility and higher contribution limits than IRAs. Self-employed individuals and small business owners prefer SEPs.
This savings account allows you to contribute up to $2,000 per child per year for use with secondary and post secondary educational expenses. Contributions are after-tax, and earnings are Tax-Free.
Savings Incentive Match Plans for Employers are salary deferral plans that allow businesses to make matching contributions to their employees' accounts. SIMPLE accounts are specifically designed for small businesses.
We have become aware of new fraud attempts that are targeting customers of multiple Financial Institutions. In this particular scenario, the perpetrators are sending text messages or placing a phone call that indicates there is a problem that requires your immediate attention. Please do not respond to these types of requests.
As a reminder, Southern Bank will never text you, email you or call you and request you provide us with your personal account information, including Debit Card or PIN numbers. If you have received a text or call like this recently, and called and provided your information, please contact us at 855-275-7226 to talk with a Southern Bank Customer Care associate.×
IMPORTANT NOTICE: In response to recent news reports about a “heartbleed bug” that can potentially affect website security, Southern Bank wants to assure you that our online banking system site is secure and does not use the version of open SSL that is vulnerable to this attack. Southern Bank reminds you that you should NEVER enter confidential information in any email or website that is not encrypted.×