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Best Money Market Accounts in South Carolina of November 2022

Mary Gilman

Banks in South Carolina offer a wide variety of money market accounts with competitive rates and features. Whether you are just starting your savings journey or seeking a place to invest your funds, there is an account available for you. Shop around and compare the different options to find the best match for your financial needs.

To narrow down your options, start by comparing the interest rates or annual percentage yield (APY). Money market rates vary according to the prevailing market rates so if earning a high-interest is your main goal, find options that offer a higher APY than the market rate. Online accounts usually offer a higher rate than traditional brick-and-mortar accounts because online banks have no physical overheads.

Another important factor to consider is the account minimums and fees. Most accounts that offer high APYs have a high initial minimum opening deposit. Others may have a high APY with high monthly and transactional fees. Aim at finding an account with the best combination of high-interest rates, low fees, and minimum requirements.

We compared some of the available options to come up with our top picks for the best money market accounts in South Carolina. Compare the different options and decide on the right account for you today.

Access to a debit card

0.25%

Est. APY

$0

Min. To Earn APY

Overview

Axos offers no monthly fees and no minimum balance requirement but requires $1,000 to open the account which you can take out after opening.

What we like

  • No monthly fees
  • Access to debit card
  • Access to check writing

What we don't

  • No physical branch
  • $1,000 to open account

Schedule payments with Bill Pay

1.55%

Est. APY

$0

Min. To Earn APY

Overview

Build your savings with an above-average APY.

What we like

  • No monthly fees
  • FDIC Insured
  • Bill Pay feature

What we don't

  • Online banking only
  • Excess transaction fees
  • Overdraft fee

Interest compounded daily

3.00%

Est. APY

$0

Min. To Earn APY

Overview

Quontic provides a money market account that offers a competitive interest rate, which accrues daily. Also, customers can receive a debit card for the account.  

What we like

  • Competitive interest rate
  • Interest compounded daily
  • Debit card available

What we don't

  • Transfer and withdrawal limits

Fee-free access to ATMs

3.83%

Est. APY

$0

Min. To Earn APY

Overview

UFB Money Market Account comes with a debit card (you must request it) and allows fee-free access to any ATM within the US. 

What we like

  • Access to ATMs
  • High APY
  • No minimum balance requirements
  • Compliementary debit card

What we don't

  • $5,000 minimum to avoid monthly fees
  • No physical branches