Beacon Community Bank (SC) Has Competitive 30-Month CD


Availability: 30-month CD, 1.00% APY, $250 minimum deposit.

Availability: Market area is the greater Charleston, South Carolina metropolitan area.

Having opened its doors for business slightly more than three years ago, Beacon Community Bank (Beacon) began offering CDs in just the past year. All of Beacon’s long-term CDs currently have the same rate (1.00% APY), with the 30-month being the most competitive. The minimum opening deposit for any Beacon CD is $250 and there is no stated balance cap.

1.00%$250-Beacon Community Bank30 Month CD
Rates as of May 14, 2021.

As stated on the Disclosures page, the Early Withdrawal Penalty reads as follows:

A penalty of 12 months interest on the amount withdrawn may be
imposed for early withdrawals for terms greater than 12 months.

The Disclosure also states that,

Interest will be compounded and credited annually for terms equal to and greater than one year.


Headquartered in Charleston, South Carolina, Beacon Community Bank’s market area includes the greater Charleston metropolitan area.

Opening any type of account with Beacon must be done in person at either of two South Carolina branches, located in Charleston and Mount Pleasant. A third branch on Fairchild Street in Charleston is scheduled to open soon.

There is no mention of any COVID-related branch restrictions (appointments, limited hours, temporary closures, etc.) on Beacon’s website.

Bank Overview

Beacon Community Bank has an overall health grade of "A+" at, with a Texas Ratio of 0.00% (excellent, and not a typo) based on December 31, 2020 data. In the past year, Beacon has increased its total non-brokered deposits by $109.79 million, an excellent annual growth rate of 116.49%. Please refer to our financial overview of Beacon Community Bank (FDIC Certificate # 59106) for more details.

There definitely wasn’t a lack of banks in the Charleston area in 2017, but the number of locally-owned banks had dwindled from seven to one through a series of mergers and acquisitions over the previous ten years. A group of local business-people realized that,

local businesses needed a better banking partner to continue to fuel that growth – a bank that was local, and understood the needs and demands of our community, as well as a bank that provided swift decision making and concierge service.

On January 8, 2018, Beacon Community Bank opened for business with capital of more than $34 million raised by 300+ local individual investors. In just over three years, Beacon Community Bank has grown to become South Carolina’s 26th largest bank, with assets in excess of $238 million.

How the CD Compares

When compared to 224 similar length-of-term CDs tracked by that require a similar minimum deposit and are within the market area, Beacon Community Bank’s 30-month CD APY currently ranks third.

Interest RateCD Length of TermCredit Union/Bank
1.25% APY37-Month CD SpecialAbound Credit Union
1.01% APY3-Year Fixed CDLafayette Federal Credit Union
1.00% APY30-Month CDBeacon Community Bank

The above information and rates are accurate as of 4/16/2021.

Looking for the best CD rates, both nationwide and in your state? Please refer to our CD Rates Table page.

Related Pages: Charleston CD rates, 5-year CD rates


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.