Southport Bank offers a variety of savings plans. Should you have any questions please call or visit your nearest branch location or contact us over the Internet.

• Statement Savings
• Minor Savings
• Health Savings Accounts
• Money Market Investment
• Certificate of Deposit
• Individual Retirement Accounts

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Statement Savings

• Minimum Balance Requirement to Open the Account: $250.00 
• Minimum Daily Balance Requirement: $250.00 
• Fees: 
  • Monthly service fee of $3.50 (If the minimum daily balance requirement is not met)
  • Per debit fee of $1.00 for each item over 6
  • No Fee for ATM transactions at Southport Bank owned ATMs. Non-proprietary ATM transactions are $1.00 per transaction.
• Additional Features:
  • ATM card is available (if approved)

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Minor Savings

• For individuals under the age of 18
• Minimum Balance Requirement to Open the Account: $10.00 

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Money Market Investment

• Minimum Balance Requirement to Open the Account: $2,500.00 
• Minimum Daily Balance Requirement: $2,500.00 
• Fees: 
  • Monthly service fee of $15.00 (If the minimum daily balance requirement is not met) 
  • Six third party withdrawals per month (Only 3 may be checks)
  • Each additional withdrawal incurs a $10.00 fee
• Additional Features:
  • Combined statement is available 

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Certificates of Deposit

• Minimum Balance Requirement to Open the Account: $1,000.00 
• Additional Features:
  • Terms available from 30 days to five years
  • All certificate are subject to early withdrawal penalty
  • 1-10 day grace period (depending on term)

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Individual Retirement Accounts

Southport Bank offers a variety of certificate of deposit account terms that can be used for individuals receiving a distribution from a 401(K) plan and who desire to continue to defer taxation on the funds, or for individuals who are making their own investment decisions. Rates and special certificate of deposit offers are available by calling or visiting your nearest office location or contact us over the internet.

• 1 Month IRA Certificate of Deposit
• 3 Month IRA Certificate of Deposit
• 6 Month IRA Certificate of Deposit
• 1 Year IRA Certificate of Deposit
• 2 Year IRA Certificate of Deposit  
• 3 Year IRA Certificate of Deposit
• 4 Year IRA Certificate of Deposit
• 5 Year IRA Certificate of Deposit

     

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