Certificate of Deposit (CD)

Our best CD rates.

Southern Bank offers fixed rate certificate of deposit (CDs) for guaranteed earnings. Secure our best rates by selecting a longer term. Open a certificate for as little as $1,000 and choose from our wide range of terms available today.

Minimum daily balance requirement must be met to earn annual percentage yield. A penalty will be imposed for early withdrawal. The interest rate and annual percentage yield may change at maturity. Fees incurred may reduce earnings. APY is accurate as of 06/12/2024.
17 month CD special. 5.25% APY. CD will auto renew to a 6-month term.

The balance earns the 91-Day Treasury Bill Rate minus 0.10% and will change at the opening of business on the first business day of each month.

Minimum daily balance requirement must be met to earn annual percentage yield. A penalty will be imposed for early withdrawal. Fees incurred may reduce earnings. The interest rate or annual percentage yield may change at maturity. The rate will be based on the 91-Day Treasury rate as reported in the Federal Reserve Board of Governors statistical release on the Selected Interest Rates (H.15),Rate accurate as of 6/1/2024.

A certificate of deposit (or CD) is an account you leave untouched for a set time while it earns interest. Choose your term from our available options and decide how much money to deposit. Along with earning interest, the account is insured up to FDIC limits.

Our CDs offer these great benefits:

- Fixed rates, above typical savings

- Longer terms typically have higher rates

- No setup or maintenance fees

- $1,000 minimum deposit to open

- FDIC insured up to $250,000

Annual percentage yield (APY) is a rate that includes the amount of interest your account earns, including compounding interest computed on an annualized basis. (Compounding happens when you earn interest on the interest your account has accumulated.)

6 month

12 month

18 month

24 month

36 month

48 month

60 month

Early withdrawals subject to penalty.