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First Federal of South Carolina, FSB


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.1stfederalofsc.com
843-549-2526
300 Robertson Boulevard
Walterboro, SC 29488

First Federal of South Carolina, FSB is headquartered in WALTERBORO and is the 34th largest bank in the state of South Carolina. It is also the 3,433rd largest bank in the nation. It was established in 1962 and as of December of 2024, it had grown to 26 employees at 2 locations. First Federal of South Carolina, FSB's CD rates are 4X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #31410
Year Established1962
Employees26
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD6.76%
Annual Interest Income$7.2MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$144.9MM$158MM
LoansQ4 2024vs Q4 2023$118.5MM$117.2MM
DepositsQ4 2024vs Q4 2023$123.4MM$124.8MM
Equity CapitalQ4 2024vs Q4 2023$12.4MM$10.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$962K$938K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$0$99K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal of South Carolina, FSB Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$0$50kKasasa Saver
OTHER TIERS: 0.35% → $50k+
0.15%$0-18 or Less Savings Club
0.15%$0-Statement Savings
0.15%$0-Christmas Club

First Federal of South Carolina, FSB Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$15k*-Money Market Fund
OTHER TIERS: 0.10% → $0 - $2.5k | 0.20% → $2.5k - $15k

First Federal of South Carolina, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$0$35kKasasa Cash Checking
OTHER TIERS: 0.35% → $35k+
0.10%$0-Preferred Customer Checking
0.10%$0-First Class Seniors Account
0.10%$0-Non-Profit Organization/Sole Proprietorship

First Federal of South Carolina, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$1k-12 Month CD
1.01%$1k-9 Month CD
0.80%$1k-48 Month CD
0.75%$1k-36 Month CD
0.70%$1k-30 Month CD
0.65%$1k-18 Month CD
0.60%$1k-15 Month Relationship CD
0.55%$1k-15 Month CD
0.50%$1k-6 Month CD
0.25%$1k-91 Day CD

First Federal of South Carolina, FSB IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$100-12 Month IRA
0.70%$100-30 Month IRA
0.65%$100-18 Month IRA
Locations


First Federal of South Carolina, FSB Locations
First Federal Of South Carolina, FSB300 Robertson BlvdWalterboro, SC 29488
Edisto Island Branch428 Highway 174Edisto Island, SC 29438
St. George Branch5561 West Memorial BlvdSaint George, SC 29477

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