Estate planning at Great Southern Bank

Yes. All deposit accounts at Great Southern Bank are FDIC insured up to $250,000 per depositor, per account ownership category. POD and trust accounts may qualify for higher coverage based on the number of qualifying beneficiaries named.

Great Southern Bank allows online account opening for Everyday Checking, Everyday Savings, Money Market, 3-Month CD, 6-Month CD, and 11-Month CD accounts. Other account types, including Money Market Plus, trust accounts, and IRAs, must be opened in person at a branch.

Yes. Great Southern Bank offers a Health Savings Account (HSA) with a $25 minimum to open, no annual fee, and tax-exempt savings for qualified medical expenses. The HSA is flexible and portable. Contribution limits follow IRS guidelines. HSAs cannot be retitled to a trust.

Yes. Great Southern Bank accepts a trust as a POD beneficiary on deposit accounts (checking, savings, money market, CDs) and as a beneficiary on IRA accounts. You will need to provide a copy of the trust agreement or a Certification of Trust. Trust beneficiary designations are typically handled in person at a branch.

Checking, savings, money market, and CD accounts at Great Southern Bank can be retitled to a revocable living trust. IRA and HSA accounts cannot be retitled to a trust. To retitle an account, visit a branch with your trust agreement or Certification of Trust, government-issued ID for all trustees, and the trust tax identification number. A branch visit is generally required.

Great Southern Bank offers CD-based IRAs including Traditional IRAs, Roth IRAs, SEP IRAs, and Education IRAs (Coverdell ESA). All IRA CDs are FDIC insured with a guaranteed rate for the entire term. The minimum deposit is $1,000. IRAs may be opened for any CD term Great Southern offers. Rollovers from SEPs, Roth IRAs, Education IRAs, and pension or profit-sharing plans are accepted.