Platinum Savings With Southern Bank

Looking for a high yield savings account?

Get our best high yield savings account rate with Platinum Savings. Keep your funds liquid and federally insured up to $250,000.00 — at a variable rate that’s better than the 0.60% APY¹ national average yield for savings accounts.

Account Details

How our high yield savings works:

  • Balances $.01 and above earn the 91-Day Treasury Bill yield rate minus 1%. Interest rate and APY change monthly on the first business day.
  • $1,000.00 minimum deposit to open an account.
  • 6 free withdrawals or transfers per month, $1 per transaction thereafter.

Current Rate


Annual Percentage Yield (APY)
on balances $.01 and above.

Rate accurate as of .

Service Fee


A $10.00 monthly service fee applies, but can easily be avoided by:

  • Maintaining an average daily balance of $10,000, or
  • Enrolling in online statements within online banking

Features

Our high yield savings account comes with these EXTRA features:

Disclosures:

1 National average APY obtained from Bankrate’s August 19, 2024 weekly survey - https://www.bankrate.com/banking/savings/average-savings-interest-rates/

2 Enroll within online banking