Security Federal Bank

Overview / Commentary
238 Richland Avenue, Nw
Aiken, SC 29801

Security Federal Bank is headquartered in AIKEN and is the 8th largest bank in the state of South Carolina. It is also the 755th largest bank in the nation. It was established in 1922 and as of September of 2023, it had grown to 249 employees at 19 locations. Security Federal Bank's money market rates are 8X the national average, and it has a B+ health rating.

Reviews (1)

Wagener SC, Our Hometown Bank

Security Federal Savings Bank has been our business and personal bank for over 30 years, Wagener Branch has the best Manager who is courteous, professional, and goes the extra mile to get our banking business done promptly. Scott and his staff are friendly and care about their customers.
This is what makes Wagener a great hometown bank.


Health Grade Components

FDIC Certificate #31100
Year Established1922
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD7.83%
Annual Interest Income$44.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.41B$1.29B
LoansQ3 2023vs Q3 2022$598MM$523.1MM
DepositsQ3 2023vs Q3 2022$1.21B$1.15B
Equity CapitalQ3 2023vs Q3 2022$102.4MM$97.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$12.3MM$11.3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$6.3MM$2.6MM
Real Estate OwnedQ3 2023vs Q3 2022$938K$1.2MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Security Federal Bank Savings Account Rates

0.55%*$25k*-Health Savings Account
OTHER TIERS: 0.05% Any amount | 0.35% $2.5k - $10k | 0.45% $10k - $25k
0.50%$100-Regular Savings
0.40%--Young Savers
0.35%$5-Christmas Club
0.35%--Looney Tunes

Security Federal Bank Money Market Rates

3.50%*$100k*-Money Market
OTHER TIERS: 0.50% Up to $10k | 1.50% $10k - $50k | 2.50% $50k - $100k

Security Federal Bank Checking Account Rates

1.25%*-$10kHigh Yield Checking
OTHER TIERS: 0.25% $10k+
1.25%*-$10kPremium Checking
OTHER TIERS: 0.25% $10k+

Security Federal Bank CD Rates

4.55%$500-11 Month CD Special
4.55%$500-15 Month CD Special
4.55%$500-9 Month CD Special
4.00%$500-9 Months CD
4.00%$500-11 Months CD
4.00%$500-15 Months CD
2.50%$500-60 Months CD
2.10%$500-48 Months CD
2.05%$500-36 Months CD
2.00%$500-30 Months CD
1.95%$500-24 Months CD
1.90%$500-18 Months CD
1.80%$500-12 Months CD
1.55%$500-6 Months CD
1.40%$500-3 Months CD

Security Federal Bank IRA Rates

4.00%$500-9 Months Fixed Rate IRA
4.00%$500-11 Months Fixed Rate IRA
4.00%$500-15 Months Fixed Rate IRA
2.50%$500-60 Months Fixed Rate IRA
2.10%$500-48 Months Fixed Rate IRA
2.05%$500-36 Months Fixed Rate IRA
2.00%$500-30 Months Fixed Rate IRA
1.95%$500-24 Months Fixed Rate IRA
1.90%$500-18 Months Fixed Rate IRA
1.80%$500-12 Months Fixed Rate IRA
1.55%$500-6 Months Fixed Rate IRA
1.40%$500-3 Months Fixed Rate IRA


Augusta Area

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