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Saving Made Easy.

With a robust line up of saving account options with minimum starting deposits as low as $50.00, Southwest Capital Bank is here to help you get started saving for your next great adventure, whatever it may be!

 

 

 

Savings Account Comparison
 
Minimum Opening Deposit
Monthly Services Charges
Basic Savings
$50.00
  • $5.00 Monthly Dormant Fee**
  • $5.00 per debit/withdrawal in excess of 3 per month
    Interest is paid only if Average Daily balance of $100.00 is met each statement cycle
Premium Savings
$250.00
  • $5.00 Monthly Dormant Fee**
  • $5.00 per debit/withdrawal in excess of 3 per month
    Interest is paid only if Average Daily balance of $750.00 is met each statement cycle
Money Market 
$2,500.00
  • $5.00 Monthly Dormant Fee**
  • $5.00 per debit/withdrawal in excess of 3 per month
Interest is paid only if Average Daily balance of tier level* is met each statement cycle
Christmas Club
$25.00
  • $10.00 per debit/withdrawal in excess of 6 per quarter
Interest is compounded daily and is credited annually
Certificate of Deposit (CD)
$1,000.00
  • Early withdrawal fees apply, see banker for details
Interest paid by account deposit*

 

Important information about opening a new account:

Southwest Capital Bank complies with section 326 of the USA PATRIOT Act. Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account such as name, address, and date of birth and taxpayer identification. We may ask to see your driver’s license or other identifying documents.

*Please call to receive updated information regarding rates and tiers

**After 12 months of inactivity

 

 

Ready to get started?

Fill out an account application in minutes!

 

 

Consumer Account Application

 

 


IRAs

Curious about IRAs? We've got you covered.

 

Traditional IRAs (Not employer-sponsored)

  • The money in your account grows on a tax-deferred basis.
  • Your contributions may be tax-deductible (consult your tax advisor for deductibility in your situation).
  • You may withdraw money without penalty at age 59 1/2(premature withdrawals may be subject to ordinary income tax and a 10% tax penalty).
  • Required minimum distributions must begin after age 72.
  • Avoid tax penalties by rolling over money from your previous company's 401(k) or 403(b) plan. 

 

Roth IRAs (Not employer-sponsored)

  • The money in your account grows tax-free, however contributions are not tax-deductible as with a Traditional IRA
  • Tax-free withdrawals in retirement if you have reached age 59 1/2 and have held the account at least five years (premature withdrawals may be subject to ordinary income tax and a 10% tax penalty)
  • You are not required to begin taking distributions at age 72  

 

SEP IRAs

  • A SEP (Simplified Employee Pension) IRA is a Traditional IRA set up under a written arrangement that allows employers to contribute to the IRA on the employee’s behalf (employer contributions may be discretionary). Generally, SEP IRAs have the same rules and requirements as Traditional IRAs.

 

Ready to Get Started?

 

Connect with us! Customer Support: 505.247.7922 | Toll Free: 1.800.748.2406 | Email: support@southwestcapital.com

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