According to the CSR, the CD can be opened online and through the mail. There's an online application link located at the bank's CD page. In addition to the online application, they require copies of two forms of ID with at least one photo ID. The online application states that accounts are available only to Missouri and Arkansas residents.
Southern Bank also offers a high-yield reward checking account which pays 5.01% APY for balances up to $25,000 if the typical reward checking requirements are met (see post).
Branches are located in Missouri cities of Poplar Bluff, Dexter, Sikeston, Kennett, Doniphan, Van Buren, Qulin and Matthews, and in the Arkansas cities of Brookland, Jonesboro, Leachville and Paragould.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 1951 (FDIC Certificate # 28332).
Other Competitive Certificate of Deposit Rates