Don't want your money locked away but want to earn a little more? Then a Southwest Capital Bank savings account sounds right for you! Open your savings accounts with a minimum of $50.00 and start to watch your savings grow.

Savings Accounts
	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 procedures for 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

Fill out our Consumer Account Application and let's get started!

Consumer Account Application

IRA Information:

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 mat 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.

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