The Bank of South Carolina


Overview / Commentary
843-724-1500
256 Meeting Street
Charleston, SC 29401

The Bank of South Carolina is headquartered in CHARLESTON and is the 22nd largest bank in the state of South Carolina. It is also the 1,580th largest bank in the nation. It was established in 1987 and as of June of 2024, it had grown to 83 employees at 6 locations. The Bank of South Carolina's CD rates are 2X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #26912
Year Established1987
Employees83
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD12.82%
Annual Interest Income$13.6MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$582.4MM$648.3MM
LoansQ2 2024vs Q2 2023$359.3MM$340.5MM
DepositsQ2 2024vs Q2 2023$509.9MM$566.3MM
Equity CapitalQ2 2024vs Q2 2023$48.2MM$41.9MM
Loan Loss AllowanceQ2 2024vs Q2 2023$3.8MM$3.7MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$339K$625K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Bank of South Carolina; 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.

The Bank of South Carolina Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Savings Account
0.25%*$10k*-HSA Account
OTHER TIERS: 0.10% $0 - $2.5k | 0.15% $2.5k - $5k | 0.20% $5k - $10k

The Bank of South Carolina Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-Money Market Account
OTHER TIERS: 0.10% $0 - $1k | 0.15% $1k - $2.5k | 0.20% $2.5k - $10k

The Bank of South Carolina Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-NOW Account
OTHER TIERS: 0.10% $0 - $2.5k | 0.15% $2.5k - $5k | 0.20% $5k - $10k
0.25%*$10k*-Business Interest Checking
OTHER TIERS: 0.10% $0 - $2.5k | 0.15% $2.5k - $5k | 0.20% $5k - $10k
0.25%*$10k*-Special Citizen Account
OTHER TIERS: 0.10% $0 - $2.5k | 0.15% $2.5k - $5k | 0.20% $5k - $10k

The Bank of South Carolina CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-24 Month CD
2.25%$1k-18 Month CD
2.00%$1k-1 Year CD
1.75%$1k-9 Month CD
1.50%$1k-6 Month CD
1.25%$1k-3 Month CD
1.00%$1k-1 Month CD

The Bank of South Carolina IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-18 Month Fixed IRA
0.50%$100-12 Month Fixed IRA
Locations


The Bank of South Carolina Locations
Summerville Branch100 North Main StreetSummerville, SC 29483
Mt Pleasant Branch1337 Chuck Dawley BoulevardMount Pleasant, SC 29464
West Ashey Office Branch2027 Sam Rittenberg BoulevardCharleston, SC 29407
The Bank Of South Carolina256 Meeting StCharleston, SC 29401
North Charleston Branch9403 Highway 78Ladson, SC 29456

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