Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 2.00% APY 12-month CD and a 2.30% APY 2-year CD. Minimum deposit is $1,000. An extra 10 basis points are applied to Jumbo CDs with a $100,000 minimum deposit. These rates are listed in the credit union's deposit rates table as of 2/2/2010.
Membership is open to those who live, work or attend school in several counties in the northeast part of Tennessee. Counties in southwest Virginia and in Harrison and Gregg Counties in Texas are also included. There's also a long list of Select Employer Groups. Please refer to the Who Can Join Page for the full details.
Branches are located in Tennessee, Virginia, Texas, South Carolina and Arkansas.
The credit union's ratings for safety and soundness are strong: 4 stars (sound) at Bankrate.com and 5 stars (superior) at BauerFinancial. Both ratings are based on 9/30/09 financial data. The Bankrate rating is one star higher than what I reported in August when it was based on 3/31/09 data.
The credit union is federally insured by the NCUA (Charter # 68095). It's a large credit union with $2.1 billion in assets and 109,770 members based on 11/17/09 NCUA data.
South Carolina Deposit Account Rates and Deals
Browse through the stories below to view current deals for South Carolina banks or select an item from the menu bar above to view current rates in South Carolina.
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Competitive CD Rates at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only
Tuesday, February 2, 2010 - 9:07 AM CT
4.06% 48-Month CD & 3.29% 36-Month CD at Founders FCU in SC/NC - Local Only
Tuesday, December 8, 2009 - 12:01 PM CT
Founders Federal Credit Union is offering some very competitive long-term CD rates. These include:
Membership is limited to those who live, work, worship, volunteer or attend school in certain designated areas. The credit union's eligibility page doesn't provide details. Two years ago it used to list Chester and Chesterfield counties of South Carolina and the cities of Wellford and Duncan. I called the credit union today, and I wasn't able to get more details. If you live near one of their offices, call and see if you can be eligible. They also have a long list of eligible companies and organizations in which you can qualify to join the credit union. Membership requires a minimum $5 deposit into the regular savings account.
Branches are located in the South Carolina counties of Chester, Chesterfield, Lancaster, Spartanburg and York, and in Mecklenburg County, North Carolina.
Founders' ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The credit is federally insured by the NCUA (Charter # 24063). It's a large credit union with over $1.5 billion in assets.
Other Competitive Certificate of Deposit Rates
- 4.06% APY 48 months
- 3.29% APY 36-47 months
- 2.50% APY 24-35 months
Membership is limited to those who live, work, worship, volunteer or attend school in certain designated areas. The credit union's eligibility page doesn't provide details. Two years ago it used to list Chester and Chesterfield counties of South Carolina and the cities of Wellford and Duncan. I called the credit union today, and I wasn't able to get more details. If you live near one of their offices, call and see if you can be eligible. They also have a long list of eligible companies and organizations in which you can qualify to join the credit union. Membership requires a minimum $5 deposit into the regular savings account.
Branches are located in the South Carolina counties of Chester, Chesterfield, Lancaster, Spartanburg and York, and in Mecklenburg County, North Carolina.
Founders' ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The credit is federally insured by the NCUA (Charter # 24063). It's a large credit union with over $1.5 billion in assets.
Other Competitive Certificate of Deposit Rates
2.25% 14-Month CD & 1.85% 8-Month CD at National Bank of South Carolina - Local Only
Tuesday, December 1, 2009 - 9:38 AM CT
National Bank of South Carolina is advertising two competitive CD specials: a 1.85% APY 8-month CD and a 2.25% APY 14-month CD. Minimum deposit is $1,000, and new money is required. It's available for both consumer and business accounts. These specials don't appear to be listed at the bank's website. They were advertised in The Island Packet newspaper on 11/30/09. The ad is available online here.
My last post on this bank was in September when they were offering a 2.10% 10-month CD.
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 continue to be a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 6/30/09 financial 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
My last post on this bank was in September when they were offering a 2.10% 10-month CD.
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 continue to be a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 6/30/09 financial 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
2.50% 12-Month CD & 2.25% Money Market Account at Coastal Carolina National Bank in SC - Local Only
Tuesday, November 24, 2009 - 8:31 AM CT
Update 11/28/09: The CD and MMA rates have fallen. Please check the bank's website for the latest rates.
Coastal Carolina National Bank continues to offer some very competitive deposit specials. The first is a 2.50% APY 12-month CD. Minimum deposit is $1,000, and the maximum is $250,000. A new checking account is required with a minimum opening balance of $2,500. This rate and additional details are listed at the bank's CD specials page as of 11/24/09.
The second special is a money market savings account with a top rate of 2.25% APY for a $100,000 minimum balance. It's a tiered account with lower rates for smaller balances (2% APY $50K-$100K and 1.50% APY $25K-$50K). $10,000 minimum balance is required to avoid a $10 monthly fee. These rates and additional details are listed at the bank's money market specials page as of 11/24/09.
The free checking account qualifies for the special CD. There's also a reward checking account called Premier Checking; however, it has a $10 maintenance fee if your balance falls under $500.
I last reported on this bank in June when the bank was first established. At that time it was offering a 3% 6-month CD and a 2.75% money market account. As is common for new banks, you can often get many months of good deals as they try to build up their deposits.
A branch visit is required to open an account. The bank office is located in Myrtle Beach, South Carolina.
Since the bank is so new, it doesn't have ratings at Bankrate or BauerFinancial. The bank is a FDIC member (FDIC Certificate # 58864).
Thanks to the reader who emailed me news of these rates.
Other Competitive Savings Account and CD Rates
Coastal Carolina National Bank continues to offer some very competitive deposit specials. The first is a 2.50% APY 12-month CD. Minimum deposit is $1,000, and the maximum is $250,000. A new checking account is required with a minimum opening balance of $2,500. This rate and additional details are listed at the bank's CD specials page as of 11/24/09.
The second special is a money market savings account with a top rate of 2.25% APY for a $100,000 minimum balance. It's a tiered account with lower rates for smaller balances (2% APY $50K-$100K and 1.50% APY $25K-$50K). $10,000 minimum balance is required to avoid a $10 monthly fee. These rates and additional details are listed at the bank's money market specials page as of 11/24/09.
The free checking account qualifies for the special CD. There's also a reward checking account called Premier Checking; however, it has a $10 maintenance fee if your balance falls under $500.
I last reported on this bank in June when the bank was first established. At that time it was offering a 3% 6-month CD and a 2.75% money market account. As is common for new banks, you can often get many months of good deals as they try to build up their deposits.
A branch visit is required to open an account. The bank office is located in Myrtle Beach, South Carolina.
Since the bank is so new, it doesn't have ratings at Bankrate or BauerFinancial. The bank is a FDIC member (FDIC Certificate # 58864).
Thanks to the reader who emailed me news of these rates.
Other Competitive Savings Account and CD Rates
2.27% Jumbo 12-Month CD at AllSouth Credit Union in South Carolina - Local Only
Wednesday, November 4, 2009 - 7:16 AM CT
AllSouth Credit Union is offering some competitive certificate rates. The best rates require a $100,000 minimum deposit. These include a 1.96% APY 6-month CD, a 2.27% APY 12-month CD and a 2.47% APY 24-month CD. Lower rates are available for smaller deposits. Similar rates are also available in an IRA. These rates are listed in the credit union's rates page as of 11/04/09.
Membership is open to anyone who lives, works, worships or attends school in Richland, Lexington, Newberry, Saluda, Fairfield, Sumter, Kershaw or Calhoun Counties. Please refer to the credit union's Who Can Join Page for more details.
Branches are located in the South Carolina cities of Columbia, Cayce, Irmo, Lexington, Newberry, Saluda, Camden, Sumter, Batesburg and Winnsboro.
Allsouth Credit Union has the highest financial ratings for soundness: 5 stars (superior) at BauerFinancial and 5 stars (superior) at Bankrate.com. Both ratings are based on 6/30/09 data. The credit union is federally insured by the NCUA (Charter # 13828).
Other Competitive Certificate of Deposit Rates
Membership is open to anyone who lives, works, worships or attends school in Richland, Lexington, Newberry, Saluda, Fairfield, Sumter, Kershaw or Calhoun Counties. Please refer to the credit union's Who Can Join Page for more details.
Branches are located in the South Carolina cities of Columbia, Cayce, Irmo, Lexington, Newberry, Saluda, Camden, Sumter, Batesburg and Winnsboro.
Allsouth Credit Union has the highest financial ratings for soundness: 5 stars (superior) at BauerFinancial and 5 stars (superior) at Bankrate.com. Both ratings are based on 6/30/09 data. The credit union is federally insured by the NCUA (Charter # 13828).
Other Competitive Certificate of Deposit Rates
2.89% 18-Month CD at Blue Ridge Savings Bank in NC & SC - Local Only
Thursday, October 22, 2009 - 11:16 AM CT
Blue Ridge Savings Bank is offering a few very competitive CD rates. The best ones include a 2.89% APY 18-month CD and a 2.28% APY 13-month CD. Minimum deposit is $1,000. The 18-month CD is also available in an IRA. These rates are listed in the bank's rates page as of 10/22/09.
When I contacted the bank last year, I was told that a branch visit is required to open accounts. Branches are located in several North Carolina cities including Asheville, Charlotte, Boone and Brevard and in the South Carolina city of Greer.
The bank's ratings for safety and soundness are weak: 0 star (lowest) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 6/30/09 financial data. Another indication of problems is a Cease and Desist Order issued by the FDIC to this bank on November 2008 (link to the FDIC order). The bank has been a FDIC member since 1985 (Certificate # 32347).
Thanks to the reader who emailed me news of these rates.
Other Competitive Certificate of Deposit Rates
When I contacted the bank last year, I was told that a branch visit is required to open accounts. Branches are located in several North Carolina cities including Asheville, Charlotte, Boone and Brevard and in the South Carolina city of Greer.
The bank's ratings for safety and soundness are weak: 0 star (lowest) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 6/30/09 financial data. Another indication of problems is a Cease and Desist Order issued by the FDIC to this bank on November 2008 (link to the FDIC order). The bank has been a FDIC member since 1985 (Certificate # 32347).
Thanks to the reader who emailed me news of these rates.
Other Competitive Certificate of Deposit Rates
3.25% Reward Checking Account at South Carolina Bank and Trust - Local Only
Thursday, October 8, 2009 - 8:52 AM CT
South Carolina Bank and Trust is offering a high-yield reward checking account called Mad Money Checking. The account offers the following rates and features if certain monthly requirements are met:
Limited Time $100 Bonus
The bank is offering a promotion called Mad Money Mondays. Open a Mad Money Checking account at certain branches on certain Mondays in October and November 2009, and you'll receive a $100 cash bonus. Refer to the Mad Money Mondays page for the days, branches and details.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 13425).
Thanks to the reader who mentioned this reward checking account in the comments.
Other Reward Checking Accounts
The reward checking rate at South Carolina Bank and Trust is a little below average. However, South Carolina Bank and Trust is larger than the average bank offering reward checking. The bank has over 50 branches and $2.8 billion in assets. It seems like the larger banks tend to offer lower rates and or lower balance caps on their reward checking accounts.
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
- 3.25% APY on balances up to $25,000
- 0.05% APY on the portion of the balance over $25,000
- 0.05% base rate if qualifications are not met
- 10 Visa Debit Card purchases
- One direct deposit or automatic third party draft
- Receive e-Statements
- $50 minimum opening deposit
- No minimum balance requirement
- No monthly service charge
- Free online BillPay
- Requirements for the first month are waived for new checking account customers
- Multiple accounts can be opened, but requirements must be met for each
Limited Time $100 Bonus
The bank is offering a promotion called Mad Money Mondays. Open a Mad Money Checking account at certain branches on certain Mondays in October and November 2009, and you'll receive a $100 cash bonus. Refer to the Mad Money Mondays page for the days, branches and details.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 13425).
Thanks to the reader who mentioned this reward checking account in the comments.
Other Reward Checking Accounts
The reward checking rate at South Carolina Bank and Trust is a little below average. However, South Carolina Bank and Trust is larger than the average bank offering reward checking. The bank has over 50 branches and $2.8 billion in assets. It seems like the larger banks tend to offer lower rates and or lower balance caps on their reward checking accounts.
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
2.50% 13-Month CD at First Citizens Bank in SC & GA - Local Only
Monday, October 5, 2009 - 7:05 PM CT
First Citizens Bank is offering a 2.50% APY 13-month CD special. Minimum deposit is $5,000, and the maximum is $250,000. The special isn't listed at the bank's website. A reader emailed me news of this, and I called the bank today (10/05/09) for additional details. According to the CSR, a branch visit is required to open this CD. On the plus side, no checking account is required. The CSR didn't know how long this special will last. As usual it's subject to change at anytime.
Branches are located in several cities throughout South Carolina and Georgia. Some of the cities include Anderson, Charleston, Florence, Greenville, Myrtle Beach, Atlanta and Augusta.
The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 3 stars (performing) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 1937 (FDIC Certificate # 15504).
You might recognize First Citizens Bank from recent news. On September 25th First Citizens Bank acquired Georgian Bank in an agreement with the FDIC after Georgian Bank was closed by regulators (see post).
Thanks to the reader who emailed me info on this special.
Other Competitive Certificate of Deposit Rates
Branches are located in several cities throughout South Carolina and Georgia. Some of the cities include Anderson, Charleston, Florence, Greenville, Myrtle Beach, Atlanta and Augusta.
The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 3 stars (performing) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 1937 (FDIC Certificate # 15504).
You might recognize First Citizens Bank from recent news. On September 25th First Citizens Bank acquired Georgian Bank in an agreement with the FDIC after Georgian Bank was closed by regulators (see post).
Thanks to the reader who emailed me info on this special.
Other Competitive Certificate of Deposit Rates
4.00% Reward Checking Account at Market USA Federal Credit Union in MD, MA & SC - Local Only
Thursday, October 1, 2009 - 9:38 AM CT
Market USA FCU is offering a high yield reward checking account called VIP Checking. The account offers the following rates and features if certain monthly requirements are met:
Branches are located in Laurel and Landover, Maryland, in Maudlin, South Carolina and in Quincy, Massachusetts.
The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 9003).
Thanks to the reader who emailed me info on this reward checking account.
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
- 4.00% APY on balances up to $50,000
- 0.10% on all amounts above $50,000
- No interest is earned if requirements are not met
- 12 Visa check card purchases
- One direct deposit of at least $250 of net pay
- Enrolment in Internet Banking and eStatements
- No minimum balance requirement
- No monthly service charge
- 8 free monthly transactions at Plus and STAR ATMs (ATM surcharges may apply)
- Access to surcharge-free Co-Op Network ATMs and AllPoint ATMs nationwide
Branches are located in Laurel and Landover, Maryland, in Maudlin, South Carolina and in Quincy, Massachusetts.
The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 9003).
Thanks to the reader who emailed me info on this reward checking account.
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
2.10% 10-Month CD & 2.30% 15-Month CD at National Bank of South Carolina - Local Only
Wednesday, September 30, 2009 - 11:50 AM CT
National Bank of South Carolina is advertising two competitive CD specials: a 2.10% APY 10-month CD and a 2.30% APY 15-month CD. Minimum deposit is $1,000, and new money is required. It's available for both consumer and business accounts. The special doesn't appear to be listed at the bank's website. It was advertised in The Island Packet newspaper on 9/29/09. The ad is available online here.
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
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
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