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:

$3,000 and below	Money Market Rate
Over $3,000 to $10,000	3 Month CD Rate
Over $10,000 to $25,000	6 Month CD Rate
Over $25,000 to $50,000	One Year CD Rate
Over $50,000	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
• Preferred interest rate and bank paid legal expenses on the Home Equity Credit Line
• 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

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:

Balance below $500	No interest
Balance $500 to $2,500	NOW Account Rate
Balance over $2,500	Premium NOW Rate (NOW plus .25%)

• 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

 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
• Free unlimited 24 hours-a-day account inquiry
• 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

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

 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