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Certificates of Deposit and IRAs


A Certificate of Deposit from First Bank of the South offers you security plus attractive fixed interest rates. With terms ranging from 91 days to 5 years, you are sure to find one that fits your particular needs. There is a penalty for early withdrawal.

An Individual Retirement Account (IRA) is an easy way to save for your retirement years. At First Bank of the South we offer safe, secure retirement investing through Certificates of Deposits. We can assist you with a variety of Individual Retirement Accounts and suggest that you check with your financial adviser on which of these accounts is best suited for your individual needs. Terms range from 1 year to 5 years.


Rates Effective 12/06/2006
Term Minimum Balance APY* Compounding Interest Rate
 91 Day $500.00 3.75% Maturity 3.70%
182 Day $500.00 4.90% Maturity 4.81%
12 Month $500.00 5.25% Quarterly 5.15%
18 Month $500.00 5.15% Quarterly 5.05%
Two Year $500.00 5.15% Quarterly 5.05%
Three Year $500.00 5.15% Quarterly 5.05%
Four Year $500.00 5.15% Quarterly 5.05%
Five Year $500.00 5.15% Quarterly 5.05%

* Annual Percentage Yield

**APY=Annual Percentage Yield. Minimum term for IRAs is one year. All CDs compound quarterly except 91 days, which do not compound. Rates can be changed at any time without notice.

**Penalty may be imposed for early withdrawal.


The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Fees may reduce earnings. Minimum deposit to open account is $500.00.


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