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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.
UFB Direct comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.
A Discover Online Savings Account can be a great option for the avid saver where you can take advantage of daily compounding.
This savings 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.
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.
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.
