Certificates of Deposit
Earn a guaranteed return on investment - start with as little as $500
Open An Account
Opening a new account typically takes less
than ten minutes.

What you will need to apply:

  • Driver's License or Government-Issued ID
  • Social Security Number
  • Date of Birth
  • Current Home Address
  • E-mail Address


We offer a wide variety of terms to choose from, so open your guaranteed Southern Commerce Bank CD today!

Certificates of Deposit
Term Minimum
Opening Deposit
Interest Rate Annual
Percentage Yield
30 Day $500.00 0.15%  0.15% 
91 Day $500.00 0.20%  0.20% 
182 Day $500.00 0.25%  0.25% 
9 Month $500.00 0.40%  0.40% 
12 Month $500.00 0.60%  0.60% 
15 Month $500.00 0.70%  0.70% 
18 Month $500.00 0.80%  0.80% 
24 Month $500.00 0.90%  0.90% 
30 Month $500.00 0.95%  0.95% 
36 Month $500.00 1.00%  1.00% 
48 Month $500.00 1.10%  1.10% 
60 Month $500.00 1.29%  1.30% 

Open a CD »

A penalty may be imposed for early withdrawal.
Fees could reduce earnings.
These rates are accurate as of April 19, 2014.

The following disclosures provide additional information about your account.

MINIMUM BALANCE TO OBTAIN THE DISCLOSED ANNUAL PERCENTAGE YIELD:
Certificate of Deposit - $500.00

PENALTIES – The amount of early withdrawal penalty is dependent upon the length of the account term.
Account Term Penalty
1-91 days: 31 days loss of interest
92-182 days: 90 days lost of interest
183 days-59 mos: 180 days loss of interest
60 mos – 119 mos: 365 days loss of interest
120 mos: 730 days loss of interest

COMPOUNDING AND CREDITING OF INTEREST

Interest is compounded and credited quarterly for investment terms of 12 months or longer, shorter terms pay at maturity. Interest may be transferred to a checking or savings account with us or at another bank via ACH monthly, quarterly, semi-annually or annually. Interest may be withdrawn by check semi-annually, annually or at maturity. Any withdrawal could reduce earnings.

FOR INDIVIDUAL RETIREMENT ACCOUNTS

The information above for Certificates of Deposit is also valid when the Certificate issued is an Individual Retirement Account (IRA) or Education Savings Account (ESA). Interest is compounded and credited quarterly for investment terms 12-months or longer, shorter term pays at maturity. Interest may be withdrawn by IRA holders 59½ or older by transfer to an internal account or ACH to external bank, monthly, quarterly, semi-annual or annually. Interest may be withdrawn by check semi-annually, annually or at maturity, whichever comes first.

Retirement Distributions from any Individual Retirement Account may begin upon permanent disability or death without incurring an early withdrawal penalty. Additional documentation is required.