6.50% 7-Month CD at a South Carolina Bank (National Bank of South Carolina)

National Bank of South Carolina is offering a rate of up to 6.50% APY for a 7-month certificate of deposit. The minimum deposit is $1,000, and it must be new money. The 6.50% APY requires 5 accounts or services. A CD without any account/service pays 5.50% APY. An extra 0.20% is added for each account/service. Eligible accounts/services include checking, online banking, money market, home equity or credit card. This special is not listed on the bank's website. It was advertised in today's Spartanburg Herald Journal. The ad is available online here.

You should be able to easily do at least 3 of the 5 services. That would give you 6.10% APY. The online banking should be easy. There's a free checking account and a no annual fee credit card.

According to the ad, this offer is only available at the Spartanburg branches: 150 East Henry Street (591-6000), 1585 East Main Street (948-5100) and 2660 Reidville Road (587-3400).

The bank has been FDIC insured since 1934. It has a 4 out of 5 star safe-and-sound rating (sound) by Bankrate.com.