The Bank of South Carolina

Overview / Commentary
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 1,505th largest bank in the nation. It was established in 1987 and as of March of 2024, it had grown to 82 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 Grade Components

FDIC Certificate #26912
Year Established1987
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD12.26%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$614.2MM$646.4MM
LoansQ1 2024vs Q1 2023$356.2MM$330.8MM
DepositsQ1 2024vs Q1 2023$527.7MM$588.7MM
Equity CapitalQ1 2024vs Q1 2023$46.9MM$43MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.7MM$4.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$594K$901K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

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

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

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

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

0.75%$100-18 Month Fixed IRA
0.50%$100-12 Month Fixed IRA

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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