Savings Accounts

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First Southern Bank has designed an array of savings accounts as individual as you and your financial needs.

 

Passbook Savings

Earns interest at a competitive rate while allowing accessibility to your funds.

    Low $50 minimum opening deposit
    Variable interest rate
    Limited automated and third party transfers
    Check paid fee of $1.50 accessed per transaction in excess of two (2) withdrawals per quarter
    $4.50 quarterly maintenance fee if the daily balance falls below $300

 

First Time Savings

A special savings account for our younger customers, First – Time savings has been created with special features and, more important, the chance to learn solid savings concepts for life!

    For our special customers 18 years and under
    No minimum opening deposit
    Variable interest rate
    No quarterly service charge
    Limited automated and third party transfers
    Check paid fee of $1.50 accessed per transaction in excess two (2) withdrawals per quarter 

 

Christmas Club Savings

A special savings account to assist you in saving for the holiday season.

    No minimum opening deposit
    Variable interest rate
    Unlimited deposits
    No quarterly service charge
    You are not permitted to make any withdrawals from this account prior to November 1
    If we consent to a withdrawal from this account prior to November 1, a $25 early withdrawal fee will apply

 

Health Savings

A Health Savings Account (HSA) in conjunction with a high-deductible health plan (HDHP) is a new way to lower your health care costs. It’s a tax advantage account that can be used to pay for day-to-day eligible medical expenses. Your HSA is also an excellent way to save for retirement as the money in your account continues to grow tax-free, year after year.

    Low $100 minimum opening deposit
    Tiered variable interest rate
    No monthly service charge

More information on any of these accounts can be obtained through our Customer Service Representatives.

 
 
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