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Certificates of Deposit

Certificates (CDs) 

A great way to 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 13-month and 25-month CD specials!

CD (Certificate) and IRA Specials
Effective Date: Monday, February 6th, 2023
NameTermminimum to openRateAnnual Percentage Yield
13 Month Certificate 13 months $5,000 2.960% 3.00%
25 Month Certificate 25 months $5,000 3.203% 3.25%
13 Month Traditional IRA 13 months $5,000 2.960% 3.00%
25 Month Traditional IRA 25 months $5,000 3.203% 3.25%

Our Certificates are designed to increase your savings in a safe and secure way. 

CDs (Certificates) and IRAs
Effective Date: Monday, February 6th, 2023
Term$1,000.00 to $9,999.99$10,000.00 to $49,999.99$50,000.00 to $199,999.99$200,000.00 and over
3 Months 0.40% APY 0.50% APY 0.60% APY 0.70% APY
6 Months 0.70% APY 0.80% APY 0.90% APY 1.00% APY
12 Months 0.90% APY 1.00% APY 1.10% APY 1.21% APY
18 Months 0.90% APY 1.00% APY 1.10% APY 1.21% APY
24 Months 1.10% APY 1.21% APY 1.31% APY 1.41% APY
30 Months 1.10% APY 1.21% APY 1.31% APY 1.41% APY
36 Months 1.10% APY 1.21% APY 1.31% APY 1.41% APY
48 Months 1.21% APY 1.31% APY 1.41% APY 1.51% APY
60 Months 1.21% APY 1.31% APY 1.41% APY 1.51% APY
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 only at maturity. 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.

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How a CD can benefit you:

  • 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: Monday, February 6th, 2023
Term$100.00 to $999.99
3 Months 0.30% APY
6 Months 0.40% APY
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 13 month and 25 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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