Best Savings Accounts in South Carolina of June 2022

Victoria Daniel

Whether you are thinking of shifting banks or looking to open a new account, South Carolina has a wide range of savings accounts to choose from.

When choosing a high-yield savings account, the first step is to determine your individual needs and preferences. While a high-interest rate or annual percentage yield (APY) are important to think about, there are other features to consider as well. For example, you might find an account with all the features you need to achieve your financial goals but with a low APY.

Account fees and minimum requirements also matter. An account with high monthly fees and minimums can affect the value of your net earnings. Also, consider the ease of access (online, mobile, and ATM access) and safety (FDIC insured). Paying attention to these factors is the key when comparing the available options.

WalletBrain analyzed and compared dozens of savings accounts to determine some of the best savings accounts in South Carolina. Use our comprehensive review to choose an account that is the best match for your financial needs today.

Earn 17x higher than the national average

$0

Min. To Earn APY

1.20%

Est. APY

Overview

This savings builder account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

No monthly, minimum, and overdraft fees

$0

Min. To Earn APY

0.61%

Est. APY

Overview

This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

1.25%

Est. APY

Overview

Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

Provides access to money management tools

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee