Waccamaw Bank is offering two competitive CD specials: 2.16% APY 14-month CD and 2.36% APY 24-month CD. Minimum deposit is $10,000, and an additional deposit relation is required at the time of the account opening. These specials are listed on the front page of the bank's website as of 3/26/2010.
It appears a branch visit is required to open an account. Branches are located in several North Carolina cities some of which include Wilmington, Holden Beach and Shallotte and in a few South Carolina cities some of which include Myrtle Beach and Conway.
The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial (based on 12/31/09 data) and 1 star (lowest) at Bankrate.com (based on 9/30/09 data). The bank has been a FDIC member since 1997 (FDIC Certificate # 34515).