Take advantage of Southern Diamond today!
Just give us a call at 225.677.7004 and we'll get you started!
SOUTHERN DIAMOND
South Louisiana Business Bank offers an innovative account to earn a high annual percentage yield while maintaining access to your funds. The Southern Diamond Savings permits frequent access to your funds while paying an interest rate with an annual percentage yield comparable to a CD.
Retail customers may open a Southern Diamond Savings with a minimum opening balance of $25,000.00. If your balance drops below this minimum you’ll be assessed a $20.00 per month charge. You are permitted to withdraw or transfer funds up to six times per MONTH. If your withdrawals exceed six, which is a regulatory limit, you will be charged $99.00. You may receive a paper statement or choose to access your information in an “estatement” format.
The Southern Diamond Savings pays interest at different levels based on the following tiers:
- • 0-$24,999
- • $25,000-$49,999
- • $50,000-$99,999
- • $100,000-$249,999
- • $250,000-$499,999
- • $500,000 and up
Businesses also may select the Southern Diamond Savings. The same basic terms and conditions apply to businesses that apply to retail. However, a business is required to have a business checking account to access funds. A retail customer is encouraged to have a checking account to access funds, but it is not a requirement as it is for a business.
Your questions and comments are always welcome. Feel free to contact us or come on by at your convenience and see what South Louisiana Business Bank can do for you.