Savings - Southwind Bank

At Southwind Bank, we offer savings accounts that fit every stage of life. It’s never too early or late to begin saving for the future. All of our savings accounts include free online banking, mobile banking and eStatements. You can enjoy a sense of security knowing your savings are FDIC insured at Southwind Bank.

Savings accounts are an easy and safe way to earn interest on your money. Your savings account may be tied to your checking account to protect you from accidental overdraft charges. Ask a SWB representative for more details about funds transfer options.

Minimum Opening Deposit

$50.00 minimum deposit is required to open this account.

Interest Bearing

Yes – Contact a bank representative for the current interest rate and annual percentage yield. Rates may be changed at any time at our discretion.

Compounding and Crediting

Interest will be compounded every day and credited to your account every statement cycle**.

A $50.00 balance is required in the account each day to obtain the disclosed annual percentage yield.

Fees & Transaction Limitations

Withdrawals or transfers are limited to 6 per month; a $5.00 per item fee will apply for every item exceeding the 6 withdrawals per month limitation, and the account may be subject to account type change or closure.

This account is for individuals age 0 – 17. Teach children to save while preparing for their future!

Minimum Opening Deposit

$5.00 is required to open this account

Interest Bearing

Yes – Contact a bank representative for the current interest rate and annual percentage yield. Rates may be changed at any time at our discretion

Compounding and Crediting

Interest will be compounded every day and credited to your account every quarterly statement cycle**.

A $5.00 minimum daily balance is required to obtain the annual percentage yield.

Fees & Transaction Limitations

No minimum balance service fee.

Withdrawals or transfers are limited to 6 per month; a $3.00 per item fee will apply for every item exceeding the 6 withdrawals per month limitation, and the account may be subject to account type change or closure.

A certificate of deposit, or CD, is a time deposit similar to savings account in that they are insured and virtually risk free. It has a fixed interest rate and date of withdrawal. Southwind Bank offers CDs with competitive interest rates and terms from 6 months to 5 years. Your CD can even be used as collateral on a loan.

Consider our Growing CD to help you save. Especially popular with youth savers, this special 12-month CD allows you to add money to it one time each month.

Visit one of our locations or call a bank representative for rates and more information.

This rate tiered interest-bearing account allows up to 6 withdrawals per month without penalty.

Minimum Opening Deposit

$1,000.00 is required to open this account.

Interest Bearing

Yes - Contact a bank representative for the current interest rate and annual percentage yield. Rates may be changed at any time at our discretion.

Rates will be determined according to account balance:

Tier 1: $1,000 up to $9,999

Tier 2: $10,000 up to $49,999

Tier 3: $50,000 up to $99,999

Tier 4: $100,000 up to $249,999

Tier 5: $250,000 and greater

(Tiering is not available for public funds.)

Compounding and Crediting

Interest will be compounded and credited to your account every monthly statement cycle**.

A minimum balance of $1,000.00 is required in the account each day to obtain the disclosed annual percentage yield.

Fees & Transaction Limitations

A $10.00 maintenance fee will apply every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle; withdrawals or transfers are limited to 6 per month.

A $10.00 per item fee will apply for every item exceeding the 6 withdrawals per month limitation; excessive withdrawals subject the account to an account type change or closure.

*All accounts are subject to Southwind Bank’s “Deposit Account Terms and Conditions” and “Interest, Fees & Charges Schedule” which are subject to change. There may be additional charges and fees for services as set out in the “Deposit Account Terms and Conditions” and “Interest, Fees & Charges Schedule.”

**We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks).