Individual Retirement Account (IRA)
Enjoy tax-deferred growth by opening an IRA Plan and funding it with certificates of deposit. Unlike the stock market, your IRA CD or IRA Savings Account is insured by the FDIC up to $250,000, and CD rates don't fluctuate with the market, which gives you the predictability you may be looking for.
Individual Retirement Account Plan
Under the plan, you can select from our certificates of deposit and earn more interest on funds invested for longer terms or select our statement savings IRA account for your short-term needs.
A variety of safe and secure cash investment options designed to fit short-term and longer-term needs. Enjoy the Southern Hills experience where our rates and terms are competitive.
See our schedule of CD products below.
We are a relationship driven community banking organization. Take advantage of our online banking, mobile banking and telephone banking services. Visit us in person and feel the warmth of being welcome and appreciated. Let us help you make the right banking choices to fit your needs and priorities. Enjoy your Southern Hills experience.
| CD TERM | Minimum to Open | Minimum balance to earn interest | Grace Days | Compound Frequency | Credit Frequency | Penalty for early withdrawal (Days Interest) |
|---|---|---|---|---|---|---|
| 12 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 90 DAYS |
| 15 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 18 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 24 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 30 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 36 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 48 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 60 MONTHS | $500.00 | $500.00 | 10 | DAILY | QUARTERLY | 180 DAYS |
| 72 MONTHS | $1,000.00 | $1,000.00 | 10 | QUARTERLY | QUARTERLY | 360 DAYS |
| 84 MONTHS | $1,000.00 | $1,000.00 | 10 | QUARTERLY | QUARTERLY | 360 DAYS |
* ALL ACCOUNTS ARE SET UP ON AUTOMATIC RENEWAL
* ALL ACCOUNTS PAY ACCRUED INTEREST AT CLOSING
IRA PLANS
* MUST OPEN AN IRA PLAN TO HOLD AN IRA ACCOUNT
* IRA CD TERMS OF 12 MONTHS OR MORE ARE THE SAME AS LISTED ABOVE
* WE DO NOT OFFER 182 DAY AND 9 MONTH IRA CD TERMS--RECOMMEND IRA STATEMENT SAVINGS
Proper disclosures provided at or before account opening as required by applicable laws and regulations.