Consumer Alert

Properties for Sale

Personal Savings

Premium Money Market Investment Account

An account paying premium market rates while allowing immediate access every day.

  • Your checks on this account are free.
  • You may make six (6) transfers from your account each four (4) weeks or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.  Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
  • Debits which exceed the six preauthorized or third party check limits are charged $5.00 each.

Tiered Rate Savings

Automatically increase your rate of return as your balances grow.

  • Tiered rates of interest are paid on balance tiers of:
$ 0.01 to $999.99
$ 1,000 to $4,999.99
$ 5,000 to $9,999.99
$10,000 to $24,999.99
$25,000 and above
  • Accounts accrue interest each day based on the total collected amount.
  • No quarterly service charge of $8.00 if a minimum balance of $500 is maintained. Six debits per quarter may be made without a service charge. Debits above 6 per quarter will be assessed a $2.50 each.
  • Minors are exempt from minimum balance requirements.
  • You may make six (6) transfers from your account each four (4) weeks or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.  Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Certificate of Deposit

Fashion your investments to changing market conditions and personal needs by opening a First South Bank Certificate of Deposit in the term and amount that is best for you.

  • Maturity terms are available from 7 days to 36 months
  • Minimum opening amount of $500
  • Receive interest by reinvesting interest to principal or direct transfer to another account.
  • Certificates can be issued with a single maturity date or as automatically renewable.
  • The interest rate at which the CD is issued is fixed until maturity.

Health Savings Account

Health Savings Accounts (HSA) were made possible through federal legislation allowing you to save, on a tax-favored basis, for healthcare expenses.  This account is used in conjunction with a high-deductible health plan for the purpose of paying qualified medical expenses for the account owner and his/her spouse and dependents.  Annual HSA contributions within certain limitations are fully deductible and distributions for qualified medical expenses are not taxable.

Tiered rates of interest are paid on balance tiers of:

$0.01 to $499.99
$500 to $999.99
$1,000 to $2,499.99
$2,500 and above

Accounts accrue interest each day based on the total collected amount.