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.
Certificate of Deposit (CD)
Our best CD rates.
Current CD Specials
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.
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
7/1/2024.
How do CD's work?
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
What is an APY?
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.)
Available CD terms
6 month
12 month
18 month
24 month
36 month
48 month
60 month
Early withdrawals subject to penalty.