It appears that a branch visit is required to open an account. Branches are located throughout South Carolina including the cities of Anderson, Hilton Head Island, Charleston, Florence, Greenville, Myrtle Beach, Columbia and Sumter. Please note that the ad was in the paper that covers the Hilton Head Island area. If you live in another area of South Carolina, make sure you call the bank and verify that this special applies for the branches near you.
The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial (based on 6/30/09 data) and 1 star (lowest) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 1934 (FDIC Certificate # 2111).
Thanks to the reader Tuphat who mentioned this special CD in the Bank Deals Hub post.
Other Competitive Certificate of Deposit Rates