Checking Accounts

Investment Checking

For individuals who want an attractive return on deposited funds without having to commit to maintaining these funds on deposit for a specified time.

• The account earns interest based on a tiered balance interest structure: 

Balances	$0.01	to	$2,999.99	Money Market Rate
Balances	$3,000	to	$9,999.99	3 Month CD Rate
Balances	$10,000	to	$24,999.99	6 Month CD Rate
Balances	$25,000	to	$49,999.99	One Year CD Rate
Balances	$50,000	and	over	Two Year CD Rate

• The interest earned is a blended yield of the interest rates paid on the different deposit balance levels
• Interest rate protection is provided with a ten day retroactive selection of any CD maturity term rate
• Free unlimited fully personalized custom wallet, duplicate or top stub checks
• Free unlimited ATM access to your account through any Star/Cirrus Network ATM
• Free 24 hours-a-day account inquiry service
• Free standard size Safe Deposit Box rental or the fee for this size box applied to the annual rental on a larger box
• Free Cashier's Checks
• VISA or MASTERCARD with no annual fee (subject to approval)
• The Investment Account is available without a service charge to anyone who maintains a minimum account balance of $3,000 or a minimum average daily balance of $7,500. Accounts which do not maintain this minimum will be charged a $30.00 per month service charge.
• 25% discount on domestic wire transfers and stop payments on this account
• Free personal online banking
• Bill Pay for $5.95 monthly

 
Interest Checking

Earn interest on your checking account funds.

Tiered balance interest rates let you earn a higher interest rate on higher balances.

• Unlimited check writing
• Unlimited ATM activity with no ATM Network fees charged for transactions
• Tiered account balances result in interest earnings as follows:

  Balances	$0.01	to	$499.99	No Interest
  Balances	$500	to	$2,499.99	NOW Account Rate
  Balances	$2,500	and	over	Premium NOW Rate

• Accounts which maintain a minimum account balance of $500 or an average account balance of $1,200 are exempt from monthly service charge and per item activity charges
• Accounts not maintaining either of the balance requirements are assessed a $8.00 service charge and a $.25 per debit activity charge
• Free personal online banking
• Bill Pay for $5.95 monthly

Value Checking

Take advantage of numerous free and fee discounted services while maintaining an account with no minimum balance or average balance requirements.

• Free unlimited custom designed fully personalized wallet style checks
• Unlimited checking with no minimum balance requirements or transaction fees
• Unlimited ATM transactions at no charge at any Star/Cirrus Network ATM
• Interest at the NOW Account rate when the collected account balance is $1,000 or more
• VISA and /or MASTERCARD with no annual fee (subject to approval)
• A $10.00 discount every year on the annual Safe Deposit Box rental fee
• Free Cashier's Checks
• A flat $10.00 per month service charge covers unlimited check printing costs, all account maintenance and activity charges, and all fees associated with ATM usage
• Free personal online banking
• Bill Pay for $5.95 monthly

Vantage 55

If you are 55 or older, you are eligible for all of the product and service advantages of First South Bank's Value Checking Account on a reduced or no cost basis. The features of Value Checking are yours for a $7.50 monthly service charge or free each month when a Direct Deposit is made to this account or a minimum account balance of $100.00 is maintained.

Standard Checking

A useful personal checking account for people who choose to use a checking account primarily for bill payments and utilize other deposit products for investment purposes.

• No monthly service charge or per item charges with a minimum balance of $400 or average account balance of $1,000 or more
• Unlimited check writing
• Unlimited ATM activity with no ATM Network fees charged for transactions
• Account may be linked to a savings account ($500 minimum balance in the savings account) to avoid service charges
• Accounts which do not maintain either the $400 minimum balance or $1,000 average balance requirement are assessed a $7.50 monthly service charge and a $.25 per debit fee
• Free personal online banking
• Bill Pay for $5.95 monthly

Student Checking
 
An economical account for full-time students under the age of 25 who do not need an account which provides high transaction activity requirements.

• No minimum balance requirements
• ATM Card provided upon request
• No account charges for the first five (5) debits posted during a monthly statement cycle
• $.75 activity fee for each account debit over five each month
• Free personal online banking
• Bill Pay for $5.95 monthly