Quality Customer Service and Competitive Rates
~ A winning combination

At State Bank of Southern Utah we combine the quality customer service of a home town bank with competitive rates.

	Certificate Term	Early Withdrawal Penalty Days	Interest Compounding
	1 Month	30	Monthly
	3 Month	30	Quarterly
	6 Month	30	Semi-Annually
	12 M Sports	30	Quarterly
	12 Month	30	Quarterly
	18 Month	90	Quarterly
	24 Month	90	Quarterly
	36 Month	180	Quarterly
	48 Month	180	Quarterly
	60 Month	180	Quarterly

Member

Receive FDIC Insurance up to $50 Million dollars!

CDARS is a program that allows State Bank to provide FDIC insurance to one depositor up to $50 million. Why spread your money around at different banks to get FDIC insurance when you can get all the insurance you need right here?

Contact us at (435) 865-2322 for a CDARS rate quote today.

Important Features of all SBSU Certificates of Deposit

• Minimum Opening Deposit: $500
  
  
• 10-Day Redemption Grace Period after Maturity: All CDs at SBSU have a grace period of 10 calendar days after maturity during which the owner may redeem it without incurring a withdrawal penalty.
  
  
• Automatic Rollover: CDs that are not redeemed automatically roll to a CD of the same term after the grace period. The interest rate adjusts to the current rate at the time.
  
  
• Direct Transfer of Interest: Transfer your interest payments to an SBSU checking or savings account. This feature is available on all CDs at no charge. Interest transfers match the CD's compounding schedule.
  
  
• Early Withdrawal Penalty: A penalty may apply with an early withdrawal from a CD (see table below). Penalty may affect principal in some cases.
  
  
• FDIC Insurance: Depositors at SBSU are insured by the FDIC up to $250K per depositor per ownership category. Talk to our New Account Representatives about ways to multiply FDIC insurance well above $250K.
  
  
• Interest Accrual: Interest accrues daily but compounds according to the schedule associated with each CD (see table below). "Compounding" means that accrued interest is added to principal. If you close the account before the interest compounds, SBSU pays the accrued interest less any applicable withdrawal penalty.
  
  
• Jumbo CD Rates: Special rates may be available on deposits $100K or above on certain CD terms. Contact New Accounts at any SBSU office for more information.
  
  
• Add on Feature: You may add money at any time to regular and Jumbo CDs with a 12-month term (sports CDs excluded).
  
  
• T-Bird or Rebel or Badger CD: Local college football fans appreciate our annual sports CD special. You pick the team. The interest rate increases 5 basis points with each win. There is a bonus for a conference championship or NCAA invitation, with an additional bonus for a win at that post-season invitational bowl game. See the rules and team schedules.

	Certificate Term	Early Withdrawal Penalty Days	Interest Compounding
	1 Month	30	Monthly
	3 Month	30	Quarterly
	6 Month	30	Semi-Annually
	12 M Sports	30	Quarterly
	12 Month	30	Quarterly
	18 Month	90	Quarterly
	24 Month	90	Quarterly
	36 Month	180	Quarterly
	48 Month	180	Quarterly
	60 Month	180	Quarterly