3.85% APY* 5-Month CD Special
Banking With Friends Pays. Bring More. Earn More. First South.
Looking for a smart place to grow your savings? Earn up to 3.85% APY* for 5 months when you qualify in either of two ways:
- Bring $15,000 or more in new money, or
- Have a new or existing First South checking account.
Whether you're moving new funds or already bank with us, this special CD offers one of our best short-term rates while rewarding your relationship with First South.
Don't have a checking account yet? We'd be happy to help you open one. Scroll down for details below. Ask about our High-Yield Checking account, currently earning 6.25% APY, and enjoy all the benefits of Banking With Friends.
5-Month Promotional CD Rate Details
- 3.85% APY with $15,000+ in new money or a new or existing First South checking account
- 3.50% APY without a qualifying checking relationship or new money deposit
- Available for a limited time
- Ask a representative for complete details
Local service. Competitive returns. Banking with Friends.
A Smart Move This Spring
There’s no better time to refresh your savings strategy. With a 3.85% APY* guaranteed rate and a short 5-month term, you can take advantage of today’s strong returns while keeping your funds accessible sooner.
Add an Extra Boost to Your Savings
Open a 7-Month IRA and earn 3.60% APY*!
Not a member? Not a problem.
Opening an account is fast, simple, and can be done entirely online. Click Start Saving below or stop by any First South Financial location with your:
- Government-issued ID
- Social Security number
- Proof of address
Our team will help you find the account that’s right for you and get you started on your financial journey.
| Name | Term | Minimum to open | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 5 Month Certificate | 5 months | $1,000 | Up to 3.81% | Up to 3.85% |
| 7 Month Traditional IRA | 7 months | $5,000 | 3.55% | 3.60% |
*APY = Annual Percentage Yield. Minimum deposit amount of $1,000.00. Max deposit amount of $250,000 for 5-month certificate. Offer subject to change at any time. 3.85% Annual Percentage Yield (APY)/3.81% dividend rate is valid for the 5-month term when you qualify by either (1) depositing $15,000 or more in new money, or (2) having a new or existing First South Financial checking account. Members who do not meet either qualifying requirement will earn the standard promotional rate of 3.50% APY (3.45% dividend rate)..At maturity, the full certificate balance will revert to a 6-month certificate at our standard posted rate. Early withdrawal will incur significant penalties. Cannot be combined with any other promotional certificate offer. Other rates and terms are available. Federally insured by NCUA. Offer subject to change or withdrawal without notice. Please see us for complete details.
Not available to banks, credit unions, brokered deposits, or other financial institutions.
First South Financial is headquartered in Bartlett, TN with convenient banking centers in Tennessee and Mississippi.
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