Greer State Bank is offering a competitive 15-month CD special with a 1.40% APY. Minimum deposit is $5,000. This rate is listed at the bank's rates page as of 2/2/2011 and is subject to change at any time.
As compared to internet banks on 2/2/2011, the best 12-month CD rate is 1.36% APY at Bank of Internet USA (The same rate is also available for a 15-month term).
The bank continues to offer a reward checking account called e-Bonus Checking that currently pays 3.00% APY on balances up to $25K. The rate has held since 2008 (see review).
It appears you have to live in the bank's market area to be able to open accounts. Branches are located in the South Carolina cities of Greer and Taylors.
The bank has an overall health score at DepositAccounts.com of 2 out of 5 with a Texas Ratio of 68.12% (below average) based on September 2010 data. Please refer to our financial overview of Greer State Bank for more details. The bank has been FDIC member since 1989 (FDIC Certificate # 27413).
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