Certificates (CDs)
Grow Your Money Securely
Guaranteed Best CD and IRA Rates - if you find a better rate from a local bank or credit union, we'll beat it!*
Check out our 4-month and 7-month CD specials!
CD (Certificate) and IRA Specials
Effective Date: Sunday, July 20th, 2025
| Name | Term | Minimum to open | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 4 Month Certificate | 4 months | $5,000 | 4.18% | 4.250% |
| 7 Month Traditional IRA | 7 months | $5,000 | 4.26% | 4.500% |
Our Certificates are designed to increase your savings in a safe and secure way.
CDs (Certificates) and IRAs
Effective Date: Sunday, July 20th, 2025
| Term | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| 3 Months | 2.16% | 2.18% |
| 6 Months | 2.85% | 2.87% |
| 12 Months | 2.71% | 2.74% |
| 18 Months | 2.33% | 2.35% |
| 24 Months | 2.40% | 2.43% |
| 30 Months | 1.75% | 1.76% |
| 36 Months | 2.35% | 2.38% |
| 48 Months | 2.00% | 2.02% |
| APY = Annual Percentage Yield. Monthly Interest / Monthly Check - Posted rate less .20% APY. Early withdrawals from CDs and IRAs will incur substantial penalties. Fees could reduce earnings on some accounts. Additional deposits are permitted to share certificates up to 10 days after open/renewal date. The minimum required to open the above accounts is the same as the minimum required to earn corresponding interest except IRAs - minimum opening balance is $100.00. All rates subject to change without notice. Call 901.380.7400 for current rate information. | ||
How a CD can benefit you:
Learn More by visting our Friends & Finances Blog!
- There's a wide range of terms available, from 3 to 60 months
- The interest rate is fixed for the term of the CD
- Assurance that you're getting the best rate with our Guaranteed Best Rates
- Funds in a CD are federally insured up to $250,000* by the NCUA
Build-it CD
Save for a multitude of life events in a manner that's easy for you with First South Financial's Build-it CD product. This 3- or 6-month CD allows you to make deposits into the CD at any time, not just at maturity. It only requires $100 to open and earns the same rates as our regular CDs for the same term.
Build IT CDs
Effective Date: Sunday, July 20th, 2025
| Term | Dividend Rate | Annual Percentage Yield | Balance |
|---|---|---|---|
| 3 Months | 1.80% | 1.80% | $100 to $999.99 |
| 6 Months | 1.74% | 1.75% | $100 to $999.99 |
| APY = Annual Percentage Yield. Build IT CDs can accept additional deposits at any time via direct deposit, a branch transaction, or ACH. Once the Build-IT CD has reached a balance greater than $999.99, it will be rolled into a regular CD of the same term. Penalties for early withdrawals may apply. Rates are subject to change without notice, please see for complete details.Federally insured by NCUA. | |||
*Promotional rates are subject to change or withdrawal without notice. Restrictions apply to the 4 month and 7 month CD and IRA specials as well as Guaranteed Best Rates. Please see us for complete details. Funds are federally insured up to $250,000 by the NCUA. Please see us for complete details.
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