|
 |
Deposit Rates
updated as of 7/2/2008
|
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
APY*
|
|
Interest Checking
|
$50.00
|
0.20%
|
0.20%
|
|
SouthernStar Checking
|
$50.00
|
0.25%
|
0.25%
|
|
Statement Savings
|
$50.00
|
0.25%
|
0.25%
|
|
Smart Start Savings
|
$5.00
|
1.00%
|
1.00%
|
|
Money Market
|
$1,000.00
|
See rates below.
|
|
|
|
Daily balance $500,000 or $ more
|
2.47%
|
2.50%
|
|
|
Daily balance $250,000 - $499,999
|
1.73%
|
1.75%
|
|
|
Daily balance $25,000 - $249,999
|
1.00%
|
1.00%
|
|
|
Daily balance $2,000 - $24,999
|
0.50%
|
0.50%
|
|
|
Daily balance $1,000 - $1,999
|
0.25%
|
0.25%
|
|
Sweep Accounts
|
Daily balance $1,000,000 & >
|
1.64%
|
|
|
|
Daily balance $250,000 - $999,999
|
1.37%
|
|
|
|
Daily balance $1.00 - $249,999
|
1.10%
|
|
*APY = Annual Percentage Yield.
Rates may change after the account is opened.
Fees could reduce the earnings on these accounts.
Rates subject to change at any time without notice.
|
|
Certificates of Deposit
|
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
APY*
|
|
7 Day CD
|
$500.00
|
0.25%
|
0.25%
|
|
30 Day CD
|
$500.00
|
0.50%
|
0.50%
|
|
90 Day CD
|
$500.00
|
0.75%
|
0.75%
|
|
6 Month CD
|
$500.00
|
1.49%
|
1.50%
|
|
9 Month CD
|
$500.00
|
1.73%
|
1.75%
|
|
1 Year CD
|
$500.00
|
2.47%
|
2.50%
|
|
18 Month CD
|
$500.00
|
2.71%
|
2.75%
|
|
2 Year CD
|
$500.00
|
2.71%
|
2.75%
|
|
3 Year CD
|
$500.00
|
2.71%
|
2.75%
|
|
4 Year CD
|
$500.00
|
2.71%
|
2.75%
|
|
5 Year CD
|
$500.00
|
2.71%
|
2.75%
|
|
|
|
Individual Retirement Account
|
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
APY*
|
|
1 Year IRA CD
|
$500.00
|
2.47%
|
2.50%
|
|
18 Month IRA CD
|
$500.00
|
2.71%
|
2.75%
|
|
2 Year IRA CD
|
$500.00
|
2.71%
|
2.75%
|
|
3 Year IRA CD
|
$500.00
|
2.71%
|
2.75%
|
|
4 Year IRA CD
|
$500.00
|
2.71%
|
2.75%
|
|
5 Year IRA CD
|
$500.00
|
2.71%
|
2.75%
|
|
|
|
Jumbo Certificates of Deposit
|
|
|
|
|
JUMBO CERTIFICATES OF DEPOSIT ARE NEGOTIABLE BASED ON ABOVE CD RATES
Southern Community Bank's interest rates are subject to change. Interest is compounded daily. Fees could reduce the earnings on the account. CD interest may be withdrawn monthly, quarterly or at maturity. Annual Percentage Yields on accounts assumes interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings. A substantial interest penalty is required for early withdrawal of principal on all certificates. Southern Community Bank reserves the right to limit the amount of a certificate.
|
|
|
|
 |
