Savings
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Product |
Savings Account |
Money Market Account |
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Account Description |
SouthTrust Bank’s Personal Savings Account is an easy way to SAVE! Your account can earn interest and it pays monthly! Transfers to another account or to a third party by pre-authorized, automatic or telephone transfer, are limited to 6 per month. |
Our Money Market Account allows you to write checks and achieve a greater rate of interest. You are limited by law regarding the number of transactions you conduct per statement cycle. You are limited to six checks per month. However, customers may make unlimited transfers and withdrawals if made in person. This account provides for a tiered rate of interest for accounts carrying larger balances. |
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Minimum Opening Balance |
$25 to open account |
$50 to open account |
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Minimum Balance |
If daily balance falls below $100 on any day in monthly statement cycle a $5 fee will be incurred. |
Maintain a minimum daily balance of $2000.00 to avoid monthly fee. |
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Account Features |
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Talk to one of our Customer Service Representatives for more information on how you can make more for your bucks!
We do not charge for mobile banking, however, your cellular carrier message and data rates may apply.
Certificates of Deposit
Competitively priced interest rates allow you to earn more income in exchange for committing your deposit for a specific period of time. The longer you invest the higher your rate.
- Earns interest that pays back to you
- An insured worry free investment
- Receive a lower interest rate on your loan when you use your CD as collateral
- Rate stays the same until maturity of the CD
- Penalty for early withdrawal of the CD
IRA’s
SouthTrust Bank offers numerous IRA plans to fit your retirement needs. We know planning for your future is important and we want to help you meet those goals. We have competitively priced rates and terms along with knowledgeable people to help you chose what is best for you.
We offer the following plans:
- Traditional IRA – Tax-deferred retirement plan that allows you to make contributions. (Best practice is to seek advice of a Tax Professional)
- Roth IRA – Accumulate your interest tax free
- Coverdell Education Savings Account (CESA) – Shelter income to provide for a child’s education costs from elementary to college. You can use the money for tuition, books, computers and other school supplies.
- No service fees
- Early withdrawal penalties apply