Not sure which Southern Bank account option is best for you? Take a look at our comparison chart below to review benefits and differences between accounts. Still not sure which options are right for you? Let’s talk!
Gold Checking
We’ve set the gold standard for personal checking accounts. You’ll enjoy exceptional features for just $7/month–and it’s completely free for the first 90 days of new accounts.
- Online banking & bill pay
- Visa® Debit Card
- Savings Made Simple
- E-statements
- Unlimited checking
- Direct deposit
- Check imaging
- $10,000 Travel Accidental Death Insurance2
- Interest on all balances
- Cash Reserve Line of Credit3
Prime Checking
Take advantage of Southern Bank’s key checking features to set a solid banking foundation.
- ID Theft protection up to $2,5001,2
- E-statements or paper statements
- No service fee with minimum balances*
- Visa® Debit Card
- Online banking & bill pay
- Mobile banking app
- Cashier’s checks
- 3″x5″ Safe deposit (subject to availability)
E-Checking
Keep it super simple with this no-frills all-digital checking account that gets the job done.
- ID Theft protection up to $1,20001,2
- E-statements only**
- Direct deposit
- Visa® Debit Card
- Online banking & bill pay
- Mobile banking app
Student Checking
SouthernU™ provides financial wellness, education, counsel, and tools to foster financial management during school and beyond.
- Debit Card
- Mobile app/online banking with Bill Pay, My Dashboard, and Zelle® (available for ages 18+)
- Money Mentor Classes
- Complimentary access to Southern Hospitality™
Individual Retirement Accounts
Save for the future – and lower your tax bill! Individual Retirement Accounts (IRAs) provide a tax-deferred investment to build your financial foundation.
- $100 minimum deposit to open
- Roth or Traditional IRAs available
- Fixed or variable rates
Money Market Accounts
Maximize interest earned, and maintain easy access to your funds. Money market accounts offered tiered interest rates, so the higher your balance grows, the more you earn.
- Standard and premium accounts
- Balance-based interest rates
- No monthly fee with qualified balance
Certificates of Deposit
Get the most from your savings – and stay flexible. With the fixed rates of interest and FDIC insurance, our Certificates of Deposit (CDs) keep your money safe and give you peace of mind. Flexible terms give you lots of options, so you can access your money when you need it.
- $500 minimum deposit to open
- Guaranteed rates of return
- Terms range from one week to five years
Christmas Club Savings
For no-stress Christmas shopping, save a little each month so you’re ready for December! Choose the monthly amount and Southern Bank will automatically cut a check for the balance just in time for holiday shopping.
- Start with just $25
- Choose the monthly deposit
- Get a check for the balance in time for Christmas
Save BIG With A Southern Bank Savings Account
A great place to start, this account is easy to open and grows your money with daily compounded interest. Conveniently access your funds to make deposits, withdrawals, or transfers.
- Earn interest
- No monthly maintenance fee with $200 minimum balance
- Visa Check Card for access to funds
- Some restrictions apply
Business Basics
Here, business is personal. Our tailored approach to your banking needs makes Southern Bank the premier choice for small and family-owned businesses.
- Simple, easy-to-understand pricing
- ACH available
- Online & mobile banking
- Online bill pay
- Visa® business debit card
- One low monthly maintenance fee covers up to 100 transactions
- Minimum balance qualifiers to avoid monthly fees
Business Banking I
A basic business checking account ideal for new and small businesses with lower checking activity.
- Simple, easy-to-understand pricing
- One low monthly maintenance fee covers up to 175 transactions
- Minimum balance qualifiers to avoid monthly fees
Business Banking II
The best value for your company’s bottom line.
- Simple, easy-to-understand pricing
- One low monthly maintenance fee covering up to 250 transaction items
- No monthly maintenance fee with $5,000 average collected balance or $15,000 minimum daily ledger balance in total relationship deposits
- Half off the first order of standard three-to-a-page business check
- 3″x5″ safe deposit box1 for 1 year OR a free supply of 50 disposable night deposit bags
Business Plus
Enjoy simplicity and peace of mind.
- Monthly maintenance fee covers up to 500 transactions
- Minimum balance qualifiers to avoid monthly fees
- Free initial order of standard, three-to-a-page business checks, binder, deposit slips, and endorsement stamp
- Free 3″x5″ safe deposit box for 1 year1
- Monthly maintenance fee waived on a personal Prime account for one year
Ultimate Business Banking
A solid banking foundation for medical, legal, and financial professional.
- Southern Bank BusinessPro
- 3″x5″ safe deposit box1
- First order of business checks
- First order of 75 disposable night deposit bags
- Online banking & bill pay
Commercial Checking
This commercial analysis account considers account activity and balances when determining service fees.
- Ideal for businesses with a moderate to high number of transactions
- A non-interest-bearing account with just a $100 minimum deposit required to open
Agriculture Services
The perfect way to grow your business. Since 1901, we’ve been partnering with our farmers to cultivate success—come rain or shine.
- Simple, easy-to-understand pricing
- ACH available
- Online & mobile banking
- Visa® business debit card
- Online bill pay
- Payroll cards
- Merchant services
- Minimum balance qualifiers to avoid monthly fees
Commercial Savings
Practical and no-nonsense – just like you. Our Commercial Savings account provides the essential benefit of savings with liquidity while also establishing a stable source of interest-bearing funds. With a low initial deposit requirement, it’s perfect for businesses of every size.
Business Money Market Accounts
Secure high-yield accounts with fund liquidity.
- Commercial (CIMM) and Premium (PIMM)
- Interest rate based on the balance – the higher the balance, the higher the rate
- No monthly fee when qualifiers are maintained
Employee Pensions
Helping you and your employees prepare for tomorrow.
Savings Incentive Match Plan for Employees (SIMPLE)
Implementing a SIMPLE, an employee salary deferral plan that requires a limited employer contribution, is a smart choice for many businesses. This IRA program gives you the flexibility while providing your employees with retirement savings – and peace of mind.
Simplified Employee Pension (SEP)
Establishing a Simplified Employee Pension (SEP) account is a great alternative to other retirement plans, and any size company is eligible. A SEP is an inexpensive, effective way to build tax-deferred retirement savings, and deductible contributions go directly into eligible employees’ IRAs.
Let's Get Down to Business
A Southern Bank Business Checking account will help maximize your assets and reduce your service fees so you can focus on growing your business.
Home Equity Line of Credit (HELOC)
You’ve built up equity in your home. Make the most of it with the low rates of a Southern Bank (HELOC.)
VA Home Loans
We’re proud to offer personalized loan service for our veterans and active-duty military personnel, helping you find you way home.
Renovation Loans
Get the financing you need to create your dream home–right where you live. We make it simple.
Construction Loans
From lot purchase through construction and move-in, think of this as a “Swiss Army Knife” loan. One loan takes your vision to reality.
Affordable Housing Program
Discover unconventional loan programs that may be the perfect fit for your situation.
- First-time homebuyers
- NC Home Advantage Program
- USDA-backed mortgages (rural development)
Home Loans for Professionals
Southern Bank knows how hard you work, so we’re here to put in the work for you. Check out these unique home loan programs specific to your vocation.
USDA Backed Mortgages
If you have your heart set on a home outside the rush and crowds of city life, there are government loan programs that can help make your dream a reality. The United States Department of Agriculture (USDA) Rural Development’s housing programs are geared to individuals and families looking to purchase a home in a rural area—even for those buyers with very low to moderate income. With benefits such as no down payment and favorable rates and terms, guaranteed loans are available to qualifying applicants who would not otherwise be able to purchase a home with a conventional loan.
- Purchases only
- Up to 100% financing
- 30-year fixed rate financing
- 1% USDA “Guarantee Fee” can be financed into the loan amount
- .35% USDA monthly fee
- Single family residence, townhome, modular home, new manufactured home
- Home must be located in rural areas designated by each county
- Income limits based on county
- Seller can pay all closing cost
- Construction loans are not allowed
NC Housing
- Must be new or existing property located in NC
- Primary residence only
- Single-family home; townhouse; condo, duplex; new manufactured home2
- $140,00 maximum qualifying income (minimum 640 credit score)
- 30-year term
- Up to 97% financing
- Up to 3% down-payment assistance for qualified borrower
- $15,000 down-payment assistance option for eligible military veterans and first-time buyers
- PMI required
First Time Homebuyer
We believe this process should be exciting–not intimidating.
- Cell phone protection and identity theft benefit are subject to additional terms and conditions. Participating merchants on BaZing are not sponsors of the program, are subject to change without notice, may not be available in all regions, and may choose to limit deals.
- Insurance products are: NOT A DEPOSIT. NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK.
- Subject to credit approval.
Let's talk.
Please give us a call at 1.855.275.7226 or fill out the form below, and we’ll be in touch soon to answer your questions and determine the right solutions for you.
