Account Name Learn More Monthly Service Charge Minimum Balance to Avoid Service Charge Interest Transactions
Money Market More» $3.50, if minimum balance is not met $1,000, or $2,500 average daily balance for cycle Yes, paid on all balances 6 per statement cycle (see details in "More")

Money Market

Our Money Market Deposit Account is an interest bearing account. You earn money on every dollar with interest paid on your average monthly balance. Transfers from the account to another account or to third parties are limited to six per statement cycle. A per-item charge of $2.00 is charged for each debit transaction (withdrawal, check, automatic transfer or payment out of account) over six per month. This fee is waived if you maintain a minimum daily balance of $1,000 or an average daily balance of $2,500 for the monthly statement cycle. The interest rate and annual percentage yield may change at any time. Interest is compounded monthly and credited to the account every statement cycle. All transactions appear on your monthly statement and a three-ring binder with monthly tabs is free. Contact us for more information about this account.

Regular Savings More» $1.00, if minimum balance is not met $500 (does not apply to minors under 18 years old) Yes, paid on all balances 6 per statement cycle (see details in "More")

Regular Savings

Our Regular Savings Account is an account that offers you immediate liquidity and interest that is compounded and paid monthly. Transfers from Regular Savings account to another account or to third parties are limited to six per statement cycle. There is a $2.00 fee for each debit transaction (withdrawal, check paid, automatic transfer or payment out of account) in excess of two per month. All transactions appear on your statement. Contact us for more information about this account.

CDs More» NA NA Yes, paid on all balances NA

CDs

Certificates of Deposit (CDs) allow you to lock in a fixed rate of interest for a specific period of time. You do not have access to your funds until the maturity date. Southwest Georgia Bank offers fixed-rate time deposits with rates based on market conditions and terms from 3 months up to 5 years. There is a $1,000 minimum opening deposit. Our CDs are auto-renewing meaning that you have 10 days from the date of maturity to make changes or redeem it. After 10 days, the CD auto-renews for the same term at the current rate. Any withdrawal from a time deposit prior to the maturity date will normally subject you to an early withdrawal penalty. Interest may be reinvested, credited to an SGB checking or savings account, or paid to you by check. Interest can be paid monthly, quarterly, semi-annually or annually. Interest is compounded and paid quarterly on CDs of one year or more. Simple interest is paid on CDs of less than a one year term. No statements are mailed — a 1099 tax form is issued annually. Contact us for more information about this account.

IRA Savings More» None None Yes, paid on all balances Unlimited (see details in "More")

IRA Savings

An IRA Savings Account is an individual retirement account where your retirement savings are deposited at Southwest Georgia Bank. An IRA Savings Account offers you immediate liquidity (you must be at least age 59½ in order to make penalty free withdrawals) and interest that is compounded and paid monthly. Within an IRA plan, you can have multiple savings and certificate of deposit (CD) accounts. Contact us for more information about this account.

IRA CDs More» NA NA Yes, paid on all balances NA

IRA CDs

An IRA Certificate of Deposit (CD) is an individual retirement account where your retirement savings are deposited at Southwest Georgia Bank. CDs allow you to lock in a fixed rate of interest for a specific period of time. You do not have access to your funds until the maturity date. Southwest Georgia Bank offers fixed-rate time deposits with rates based on market conditions and terms from 3 months up to 5 years . Our CDs are auto-renewing meaning that you have 10 days from the date of maturity to make changes or redeem it. After 10 days, the CD auto-renews for the same term at the current rate. Any withdrawal from a time deposit prior to the maturity date will normally subject you to an early withdrawal penalty. Interest may be reinvested, credited to an SGB checking or savings account, or paid to you by check (you must be at least age 59½ in order to make penalty free withdrawals). Interest can be paid monthly, quarterly, semi-annually or annually. Interest is compounded and paid quarterly on CDs of one year or more. Simple interest is paid on CDs of less than a one year term. Within an IRA plan, you can have multiple savings and certificate of deposit (CD) accounts. Contact us for more information about this account.

HSAs More» None None Yes, paid on all balances Unlimited

HSAs

Health Savings Accounts (HSAs), created by Congress to combat rising medical expenses, are tax-advantaged savings accounts for anyone with a qualified high-deductible health plan to pay for current and future medical expenses. An HSA is like an IRA that is designed specifically for paying medical expenses incurred by the HAS account beneficiary and his or her dependants. An HSA offers you immediate liquidity for qualified medical expenses and interest that is compounded and paid monthly. At Southwest Georgia Bank, an HSA works much like a checking account in that you write checks for qualified medical expenses. All transactions appear on your monthly statement. Contact us for more information about this account.

Member FDIC. Products are subject to change without notice.