Palmetto Citizens (SC) 12-Month CD Offers Up to 2.32% APY


Deal Summary: 12-month Share Certificate, 2.32% APY ($100k), 2.27% APY ($75k), 2.22% APY ($50k), and 2.17% APY ($500).

Availability: Residents of six South Carolina Midlands counties.

Palmetto Citizens Federal Credit Union (Palmetto Citizens) is offering competitive tiered APYs on its 12-month Share Certificate. With deposit levels of $500, $50k, $75k, and $100k, the 12-month Share Certificate earns APYs of 2.17%, 2.22%, 2.27%, and 2.32%, respectively.

The 12-month Share Certificate is also offered as an IRA (Traditional, Roth, and CESA) earning the same tiered APYs, with the same funding requirements.

I’m not sure what the Early Withdrawal Penalty is. Palmetto Citizens’ website doesn’t provide a Truth-in-Savings disclosure and CSR did not have the information readily available. After checking with other employees, CSR said the penalty was “all accrued interest,” but I'm not confident in that answer.


Headquartered in Columbia, South Carolina, Palmetto Citizens Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the South Carolina counties of Calhoun, Fairfield, Kershaw, Lexington, Richland, or Saluda, eligible to join.

Immediate family members of individuals who live in any of the above-mentioned counties are also welcome to apply.

Joining Palmetto Citizens and/or opening a Share Certificate has to be done in person at any of 15 South Carolina branches located in Blythewood, Camden, Columbia (9), Irmo, Lexington (2), and West Columbia.

To begin your credit union relationship, simply open a savings account with as little as $25.

Palmetto Citizens participates in the CO-OP ATM network, but not the Shared Branch network.

Credit Union Overview

Palmetto Citizens Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.79% (excellent) based on September 30, 2019 data. In the past year, Palmetto Citizens has increased its total non-brokered deposits by $35.53 million, an excellent annual growth rate of 5.67%. Please refer to our financial overview of Palmetto Citizens Federal Credit Union (NCUA Charter # 1472) for more details.

Founded in 1936, Palmetto Citizens was originally known as the Columbia Teachers Federal Credit Union, serving the Columbia Public School system employees. The founding members were ten teachers who each deposited $5. In 2001, the Credit Union re-branded as Palmetto Citizens when the first South Carolina multi-county community charter was granted. Palmetto Citizens is currently South Carolina’s sixth largest credit union, with more than 68,400 members and assets in excess of $896 million.

How the Share Certificate Compares

When compared to 254 similar length-of-term CDs tracked by that are available within the FOM, Palmetto Citizens Federal Credit Union’s 12-Month Share Certificate top APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 1/3/2020.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Columbia CD rates, 1-year CD rates

5.75% 7-Month CD at a South Carolina CU (Palmetto Citizens)

Palmetto Citizens FCU is offering a special 5.75% APY 7-month term share certificate. The minimum deposit is $500. It's also avaliable as an IRA certificate.

The field of membership includes those who live, work, worship, or attend school in Richland, Lexington, Fairfield or Newberry counties. Branches are located in Columbia, Irmo, Lexington and West Columbia, South Carolina

The credit union is NCUA insured. It has $297 million in assets and 42,563 members.

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