Regular Savings
Pre-authorized transfers or withdrawals are limited to six per statement. Minimum balance required to avoid quarterly fee.
Money Market
A savings vehicle that allows you to gain interest and has check writing ability. Pre-authorized transfers, checks or withdrawals are limited to six per month. Minimum balance required to avoid monthly fee.
Youth Savings
Designed for individuals younger than 18. Pre-authorized transfers or withdrawals are limited to six per month.
Holiday Club
At First National Bank of South Miami, we offer a Holiday Club account to help you save money for the holidays or any other special events such as a vacation. You can even use it to pay your property taxes! Start your Holiday Club account with as little as $5.00 and add to it as often as you like. You will receive a coupon book to use to make your deposits. At the end of October, we will mail you your check for the balance of the account.
Regular CDs
Require a minimum opening deposit of $2,500.¹
Youth CDs
Designed for individuals younger than 18. The minimum opening deposit is $500. Since the account owner is under the age of 18, a parent or guardian must co-sign the account documentation.¹
Open a CD today!
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Traditional IRAs
Allow you to defer taxes on the earnings on your contributions until they are withdrawn. Also, certain contributions are tax-deductible in the tax year for which they are made. ¹
Roth IRA
Allows only non-deductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. Qualified distributions of earnings from a ROTH IRA are not subject to federal income taxes. We offer various terms for traditional or ROTH IRAs.¹
All IRAs have a required minimum opening deposit of $2,500 and must be opened as a CD.
Consult your tax advisor about deductibility of contributions and other tax benefits of IRAs.
Get started with an IRA today!
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¹ A penalty will be imposed for early withdrawal
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