First South Credit Union Banking With Friends Since 1957
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Savings and Investments
Savings Accounts From First South*

Open a First South Savings Account with as little as $25. Earn dividends on balances of $200 or more. Use free direct deposit or payroll deduction to make saving easier!

New! Youth Savings Account and Youth Add-On CD!

You want what's best for your kids - and so do we! We offer a Youth Savings Account for members under 18.

And from now until August 31st, open a Youth Savings Account for your child 10 years old or younger and we'll waive the $10 membership fee and the initial $25 deposit is on us!

We are also pleased to offer a Youth Add-On CD! This 3-month CD pays the same great rates as our regular 3-month CD and allows for deposits at any time during the term of the CD! Your child can keep this CD until the age of 18 too!

This CD is great place for your child to deposit his or her birthday money, allowance, holiday money or any other funds they receive!

To find out more, stop by any one of our 14 locations, email us at mail@firstsouth.com or call us at 901.380.7400 today!

All First South accounts are federally insured.
Savings Club Accounts
Deposit as often and as much as you wish or make regular deposits through our free payroll deduction or automatic transfer from checking or savings accounts. At maturity, you'll earn a good rate of return, which will be posted the first week in November for Christmas Club Accounts and the first week of June for Vacation Club Accounts.
 
Money Market Accounts
Tired of the Stock Market? First South offers safe, insured options to take the guesswork out of investing. And yields are much higher than you might think. Call 901.380.7400 for the latest Certificate and Money Market rates. You'll find they are among the highest in the marketplace. And with our great rates, you'll feel confident investing in a product that's safe, secure AND high yielding.
 
Share Certificates
First South offers great certificate rates everyday! Just call 901.380.7400 for our current rates. Plus, with terms from 90 days to 60 months, you can find a Share Certificate to match your needs.
 
Roth and Education IRAs

The Roth and Education IRAs offer you a great rate of return and some additional flexibility not found with a traditional IRA. Unlike with traditional IRAs, contributions to the Roth and Educational IRAs are not tax deductible. However, they do offer the opportunity for tax-free earnings.

If you need to save specifically for college or some other higher-educational expense, then an Education IRA might be your best bet. These IRAs are designed to allow for tax- and penalty-free withdrawals for qualified educational expenses.

If you'd like more information about our IRA, HSA and ESA accounts, please click on one of the links listed below:

Roth IRA - Answers to your questions Comparing your IRA Options
Traditional IRA - Answers to your questions Introduction to traditional and Roth IRAs
Health Savings Accounts Coverdell ESAs
IRA Rollovers: Managing your investment assets Credit Union IRAs for every stage of your life
Doors open wide to Roth IRAs  
 
*Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires financial institutions to obtain, verify and record information that identifies each person.

What this means for you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents.
 
Prime Club Program for Members in the Prime of Their Life!
Welcome to a new world of benefits and savings! If you are age 50 and up, then this new program is just for you! All Prime Club members can receive:
  • Savings of 10% to 50% on prescription drugs at local pharmacies
  • Prescription mail order service
  • Vision care savings
  • Discounts on car rentals, hotels, and fine dining
  • Credit card protection & lost key return service
  • and much more!
You may also access your benefits at www.primeclubonline.com
 
The cost is only $5 a month and your spouse is enrolled at no charge. To join, just call toll free
1.877.807.6238 and ask for Randall Putala or call 901.380.7400 to ask about Prime benefits and information.
 
 

 
 
 
 
 
   
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