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Money Market Deposit Account Regular Savings Accounts South Georgia Banking Company offers an interest bearing savings account to enable our customers to save, and at the same time, have easy access to their money. Saving for the future is made easy with an automatic transfer from your checking to your savings account. Open this account with a minimum deposit of $50.00. Six free withdrawals can be made during each quarterly statement period; additional withdrawals are $2.50 each. The interest rate and annual percentage yield is subject to change at the bank's discretion. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items. Interest will be compounded quarterly and will be credited to the account quarterly. If you close the account before interest is credited, you will not receive the accrued interest. Certificates of Deposit For longer term investments with higher yields a South Georgia Banking Company Certificate of Deposit is your answer. Minimum deposit is $1000.00 and maturities range from 90 days to 3 years. Rates vary according to the terms selected, and you choose when interest is paid: monthly, quarterly, semi-annually, annually or at maturity. Certificates of Deposit are subject to a penalty for early withdrawal. Individual Retirement Accounts (IRA’s) We offer Traditional, Education and Roth IRA’s invested as a Certificate of Deposit. Invest money for your retirement while taking advantage of a possible tax deferment. Your tax advisor can help make sure you qualify for the tax deferred benefits. |
