CD Rates

Minimum Opening Deposit 1,000.00
Term 12 months
Interest Rate 0.50%
Annual Percentage Yield 0.50%
Annual Percentage Yield is effective as of February 10, 2016.
Rates are subject to change. A penalty may be imposed for early withdrawal.

Blowing the Whistle on Tax Scams

Tax season is upon us, and that means tax scams are as well.  While fraudulent activity is its highest around the April 15th filing deadline, you can be vulnerable to scams throughout the year.  South Georgia Banking Company wants to give you the tools and information to avoid tax scams by telling you how to identify legitimate programs and how to avoid illegal ones.  The Internal Revenue Service (IRS) publishes a "Dirty Dozen" tax scams each year which covers topics that range from identity theft through tax fraud.  We will go over those very scams in this article.

By definition, a tax scam can be a simple hoax used to take money from an individual, or a very complicated scheme that aims to intentionally defraud the victim.  Since these illegal activities use federal income taxes as their "lead in" to attract the unsuspecting client, they are referred to as tax scams.  

The list of tax scams we have compiled is the IRS' "Dirty Dozen" Tax Schemes to avoid. If you feel you may have fallen victim to any of these, contact the IRS (https://www.irs.gov/Help-&-Resources) directly and call South Georgia Banking Company as well - we are here to help our customers in any way.

Beware of these scams to watch out for as April 15th approaches.  Click here to read more.  

Have A Smart Phone? You Need to Read This Article.


Mobile devices make life easier.  It's a fact.  But when using smart phones or tablets to make purchases, check balances, make transfers etc., we need to act cautiously in order to avoid security breaches.

A recent report from a US network security company confirms that there is a growing threat specifically to Android users because of the updated mobile malware that is targeting this particular brand of smartphones and tablets.  Because these malware-infused apps masquerade as typical, popular applications, they can be almost undetectable to the consumer before it's too late.  While these particular attacks are targeting Android phones, all smart phone users should be cautious.

South Georgia Banking Company is dedicated to giving our customers every tool and resource possible to avoid security breaches to your financial accounts. We have compiled a list of security tips to help minimize your risk.  Below are our recommendations:

Security Tips for Smart Phone Users:

  1. Download a trusted brand of antivirus app from the Google Play Store or Apple App Store.
  2. Donít leave your phone or tablet unattended in public places or give it to people you donít trust.
  3. Set a screen lock on your device.
  4. Make sure your data is backed up so that you can recover your information and apps if your device is lost, stolen, or damaged.
  5. Encrypt your device.
  6. Turn on 2-factor authentication for your Google account.
  7. Think before you click banners or pop-up notifications.
  8. Use your devicesí built-in Device Protection features.
  9. Make sure Android Device Manager or Apple Find My iPhone is on in case you ever lose your phone.  Through this option you can remotely locate your device and allow remote lock and erase.
  10. If you chose to sell or donate your device, do a factory reset first to make sure it doesnít have any sensitive information on it.
  11. If you suspect that an app is malicious, then uninstall the app through normal means or use safe mode to try to remove it if it wonít uninstall through normal means.
  12. When downloading apps check the appsí permissions every time you install to see what exactly a certain app is asking to access. If a wallpaper app or game wants to access your accounts, SMS, mic, location and to enjoy unlimited Internet, that should be suspicious.
  13. Use strong passwords (one that contains at least 10 characters including lower case letters, upper case letters, numbers, and symbols) instead of a PIN or graphic code to unlock your phone, and change your password regularly.
  14. Watch out for Wi-Fi connections; try to avoid public hotspots. Run a regular audit of your remembered Wi-Fi networks list, and disable default search for open wireless connections.
  15. Get rid of unnecessary apps.

Be smart and keep your money safe.  

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