Dedicated to Deposits: Deals, Data, and Discussion

5.15% 60-Month / 5.05% 36-Month CD at a South Carolina Bank (CoastalStates).

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With the Republican presidential primary in South Carolina today, I thought it would be a good time to report on this deal. CoastalStates Bank has some competitive long term CD rates. These include a 5.15% APY 60-month CD, a 5.10% APY 48-month CD and a 5.05% APY 36-month CD. The minimum deposit is $1,000. These are also available in an IRA.

Since the rate table had an old date of 10/31/07, I contacted the bank yesterday at their toll-free number (888-746-4272). The banking rep said these posted rates are still available. She didn't know long they would last. She also said that customers can open CDs by mail even if you're out of state. Please note that small banks often change their policy on this.

Branches are located in the South Carolina cities of Columbia, Charleston, Hilton Head Island, Bluffton and Port Royal. It's a rather new bank that was established in 2004. The bank is a member FDIC (Certificate # 57756). It has a 3 out of 5 star rating (performing) at Bankrate.com based on 9/30/07 data.

  Tags: CoastalStates Bank, South Carolina, CD rates, IRA rates

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