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South State Bank

Overview / Commentary
520 Gervais Street
Columbia, SC 29201

South State Bank is headquartered in Columbia and is the largest bank in the state of South Carolina. It is also the 101st largest bank in the nation. It was established in 1934 and as of March of 2019, it had grown to 2,589 employees at 179 locations. South State Bank's money market rates are 2X the national average, and it boasts an A+ health rating.

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Finally a bank I can love

Posted by: msjamison | Oct 29, 2014

I joined south state Bank (known as first federal at the time) a little over a year ago. After a bad relationship with a previous bank I was a little nervous about trusting another bank. From the very beginning their employees were very friendly, patient, and willing to help. They helped me pick the best account to suit me, which just happen to be their first free checking. So I was happy to have a checking account with no monthly fee. I never had any problems with them at all and when it came time to find a new car they provided me with a loan at only 1.99 Apr. It has been well over a year and still love this bank.

Great local bank

Posted by: Pazarlyph | Oct 23, 2017

South State Bank is a small, local bank that is starting to grow all over South Carolina. The people that work there are extremely friendly and make an effort to get to know you on a personal level. Every time I go in, the teller knows my name without even having to look it up. Their rates are competitive with other banks in the area. If possible, they will try to beat interest prices at other institutions in order to gain your business. The only downside is that there really are not any banks located out of South Carolina so traveling tends to be a little more difficult, especially if you were to run into an issue.

Debit Card Blocking

Posted by: Wes Prich | Nov 20, 2016

Great bank unless you like to use your debit cards.. I use my card and the next attempt it is blocked. Call the # provided and get told cards are reactivated after verifying the transaction. But then go to lunch with the family and get embarrassed because card is declined... Call back and asked did I use the card at this restaurant...yes I did and you declined it... We're sorry your card is really activated and good for use... Declined again.. And again and again... Call back did you attempt to charge at such and such... Yes I did and you declined it.. We're sorry cards are good now. No they aren't they still get declined..... Now I have to wait till Monday to go into a branch and get it straight cause it is a sat. And y'all aren't open so I am careless until Monday.... It is straight b.s. that every time the card is used I have to verify the purchase and card is blocked..

My experience at South State Bank

I have thoroughly enjoyed my experience at South State Bank. I primarily use South State Bank in order to deposit checks and for their debit card services. There have been times when I accidentally over drafted my account and after talking to my favorite representative, she had the overdraft charge cancelled. The overdraft was completely my fault, however, South State Bank was understanding of my situation and accommodated my needs. I have done business with larger banks and this is not the norm. When you are a client at South State Bank, you feel as if they really care about you.



Health Grade Components

FDIC Certificate #13425
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD7.24%
Annual Interest Income$143.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$15.40B$14.69B
LoansQ1 2019vs Q1 2018$11.12B$10.63B
DepositsQ1 2019vs Q1 2018$11.94B$11.69B
Equity CapitalQ1 2019vs Q1 2018$2.47B$2.41B
Loan Loss AllowanceQ1 2019vs Q1 2018$56.5MM$49.3MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$46.4MM$42.7MM
Real Estate OwnedQ1 2019vs Q1 2018$11.3MM$11.1MM
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Always verify rates and promotions with the bank or credit union. We are not South State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

South State Bank Savings Account Rates

0.45%*$50k*-Health Savings Account
OTHER TIERS: 0.20% Up to $500 | 0.30% $500 - $5k | 0.35% $5k - $25k | 0.40% $25k - $50k
0.30%--Smart Savings
0.30%--Youth Savings

South State Bank Money Market Rates

1.06%*$100k*-Personal Money Market
OTHER TIERS: 0.40% Up to $25k | 0.50% $25k - $50k | 0.90% $50k - $100k

South State Bank Checking Account Rates

0.20%*$50k*-Gold Checking
OTHER TIERS: 0.15% Up to $50k
0.15%--Choice Checking
0.15%--Classic Checking


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