South Carolina Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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South Carolina savings account rates range from 0.10% to 10.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for South Carolina include Bayer Heritage Federal Credit UnionBayer Heritage Federal Credit Union1522 Bushy Park Rd, Goose Creek, SC 29445A5.0 ★Texas Ratio: 11.93%Real return: +7.20%APY minus 2.8% CPI (February 2026) High Yield Savings at 10.00% APY, Skyla Federal Credit UnionSkyla Federal Credit Union269 Harwich St, Rock Hill, SC 29730A5.0 ★Texas Ratio: 9.56%Real return: +2.20%APY minus 2.8% CPI (February 2026) Purpose Savings Account at 5.00% APY, Ukrainian Federal Credit UnionUkrainian Federal Credit Union225 W Blackstock Rd, Spartanburg, SC 29301A5.0 ★Texas Ratio: 10.53%Real return: +1.20%APY minus 2.8% CPI (February 2026) High Dividend Share Draft at 4.00% APY, CIT BankCIT Bank144 S Main St, Bishopville, SC 29010A5.0 ★Texas Ratio: 7.72%Real return: +0.95%APY minus 2.8% CPI (February 2026) Platinum Savings >= at 3.75% APY, and Market USA Federal Credit UnionMarket USA Federal Credit Union201 Bi Lo Blvd, Greenville, SC 29607 5346A+5.0 ★Texas Ratio: 4.76%Real return: +0.95%APY minus 2.8% CPI (February 2026) High-Yield VIP Savings at 3.75% APY.
Use the tables below to compare savings rates across South Carolina side-by-side. South Carolina savings rates currently reach as high as 10.00% APY from Bayer Heritage Federal Credit Union at 1522 Bushy Park Rd, Goose Creek, SC 29445. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in South Carolina and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in South Carolina
Balance: Up to $1000.00
Qualifying balance up to $1,000.00 (first $1000); new High Yield Savings account; Share (Savings) Accounts section
Up to 5.00% APY; Dividends credited Monthly
- Sep 21, 20265.00%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Qualifications Required; Balance: $0.00 - $25,000.00; Qualifying balance up to $25,000.00; Non-qualifying rate 0.00% APY; New accounts receive qualifying rate for first statement cycle
Balance: $1,000.01 - $10,000.00
Qualifications Required; Balance: $0.01; APY applies to balances up to $25,000; balances above $25,000 earn the top-tier main share savings rate; if VIP Checking criteria are not met, the bottom tier main share savings rate applies
Must meet four of six monthly qualifications; otherwise rate reverts to Prime Share rate
Qualifications Required; Balance: $500,000 and over; Rate reverts to Prime Share rate if qualifications not met; APY effective 10/01/2026
Balance: Up to $25,000
Qualifications Required: Active Truliant checking account with $500+ in monthly deposits from sources outside Truliant; Primary account ownership of both the checking and savings accounts; 10+ withdrawals per month, including debit card purchases, bill payments, automatic transfers-even loan payments count; Premium Rate 3.400% APY : To receive the premium interest rate an active checking account that meets monthly minimums of $500 in deposits and 10 withdrawals is required. The premium rate will be applied at the end of each month on balances up to $25,000. Non-Premium Rate 1.00% APY : Interest rate will decrease for balances above $25,000. Base Rate 0.10% APY : Interest rate applied if checking activity doesn't qualify. External deposits include : ACH (Direct Deposit), mobile & ATM deposits, checks deposited from a non-Truliant account, in-coming wire transfers. Withdrawals include : Debit card purchases (Point of Sale), checks, ATM, ACH, out-going wire transfers, withdrawal from a Truliant account to make a payment on a Truliant loan. Excluded transactions : internal transfers between Truliant deposit accounts and loan proceeds being deposited into your account from a Truliant loan. Earn the max rate your first two cycles - plenty of time to meet the easy checking qualifications. Balance: $0.01 - $25,000.00
- Oct 2, 20263.40%▲ from 3.20%
- Sep 18, 20263.20%first recorded
Balance: $5,000.00 to $2,000,000.99
Balance: $5,000.00 to $2,000,000.99
Must meet four of six monthly qualifications; otherwise rate reverts to Prime Share rate
Qualifications Required; Balance: $250,000 and over; Rate reverts to Prime Share rate if qualifications not met; APY effective 10/01/2026
Balance: $5,000+; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying tran
- Oct 10, 20263.25%▲ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: Average Daily Balance between $100 - $100,000
- Sep 21, 20263.20%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Qualifications Required: Have an open Movement Rewards Checking Account; Minimum daily balance of $15,000 in the Movement Rewards Savings account; Digital statements must be activated; High interest rate on balances up to $50,000* if the following requirements are met each monthly statement cycle (ending the last business day of the month): Have an open Movement Rewards Checking Account or Minimum daily balance of $15,000 in the Movement Rewards Savings account. Digital statements must be activated. If you do not meet the qualifications listed above during the monthly statement cycle, the entire balance of the account will earn 0.25% APY.*
- Sep 19, 20263.05%▲ from 0.25%
- Sep 7, 20260.25%first recorded
Balance: $100,000.01 or greater; Minimum Average Daily Balance to avoid service fee: $1,000.00
IRA account; Dividends compounded and credited monthly; Dividend period monthly; Dividend rates may change after the account is opened
Rates may change after account opening
Rates may change after account opening
Rates may change after account opening
Must meet four of six monthly qualifications; otherwise rate reverts to Prime Share rate
Qualifications Required; Balance: $100,000 and over; Rate reverts to Prime Share rate if qualifications not met; APY effective 10/01/2026
Published APY range: 2.40%-4.00%; Published rate range: 2.40%-4.00%. Rates based on zip code and with a minimum of $5,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Savings Account when you maintain deposits of $5,000.00 - $2,000,000.99. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Balances below $2,500 may be subject to a $10.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Initial minimum opening deposit to earn the higher interest rate on the HRSA is $5,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
Must meet four of six monthly qualifications; otherwise rate reverts to Prime Share rate
Qualifications Required; Balance: $20,000 and over; Rate reverts to Prime Share rate if qualifications not met; APY effective 10/01/2026
Balance: $1,000,000 and over
Balance: $100.00 to $100,000.00; Minimum Average Daily Balance to avoid service fee: $1,000.00
Balance: $500,000 - $999,999
Balance: $250,000 - $499,999
Balance: $100,000 - $249,999
Balance: $50,000 and over
$5,000.00 and above; Balance: $5,000.00 and above (quarterly minimum balance); Prime Share Accounts require a minimum $25.00 balance to retain membership status; Rates may change after account opening
Balance: over $250; Minimum Balance to Earn APY: $250; Minimum Balance to Avoid Fees: $250
Balance: $25,000 - $49,999
Balance: $10,000 - $24,999
Save all year and withdraw on Nov. 1; Monthly Fee:; Money transferred to regular savings on November 1 each year; Initial deposit of $0 required to open
Balance: $2,500 - $9,999
Balance: Above $25,000
Must meet four of six monthly qualifications; otherwise rate reverts to Prime Share rate
Qualifications Required; Balance: $0; Rate reverts to Prime Share rate if qualifications not met; APY effective 10/01/2026
Share/Savings
Balance: $2,000+
Balance: $2,000+
Balance: $100 - $4,999
Balance: All Balances
Balance: $10,000.00 or more
Over $10,000; Transaction Limits: Limited
Balance: LESS THAN $1,500
All Balances
- Sep 24, 20260.35%▲ from 0.25%
- Sep 14, 20260.25%first recorded
Transaction Limits: Limited
- Oct 2, 20260.30%▲ from 0.05%
- Sep 27, 20260.05%▼ from 0.30%
- Sep 14, 20260.30%first recorded
Quarterly service charge is refunded within 3 business days when linked to Essential Checking account or Advantage Checking account or if the daily balance is at least $250. Otherwise a $5 quarterly service charge will be applied. Interest is compounded daily and posted quarterly. An account can be linked to a First Horizon Bank checking account to provide 24-hour access to funds through the ATM. FDIC insured up to $250,000 * . Link to checking for overdraft protection . Accessible via Digital Banking . Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking. APY ** Annual Percentage Yield effective 9/28/26. APY is variable and subject to change. Fees may reduce earnings.
Interest accrues daily and is paid quarterly. A service charge of $6 applies if the minimum balance drops below $100 any day in the quarterly statement cycle. Four (4) free withdrawals per quarterly statement. Rates are accurate and effective as of 7.23.2026.
- Oct 6, 20260.25%▼ from 3.75%
- Sep 24, 20263.75%first recorded
Balance: less than $10,000
Under $10,000; Transaction Limits: Limited
Balance: $50,000 - $99,999
Balance: $25 & over
Balance: $25 & over
Balance Computation: DAILY
Balance: $0 - $24,999
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
South Carolina Savings Rate Trends
Compare local South Carolina savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
South Carolina high-yield savings rates rose 0.102 points over the past 7 days to 1.767% APY, up from 1.665%.
South Carolina standard savings rates rose 0.068 points over the past 7 days to 0.352% APY, up from 0.284%.
South Carolina Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current SC high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current SC high-yield savings average of 1.767% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in South Carolina.
Savings Account Earnings in South Carolina
Annual interest earnings at current SC average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.767% APY) | Monthly Earnings | Standard Savings (0.352% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $88.37 / year | $7.36 | $17.60 / year | $1.47 |
| $10,000 | $176.74 / year | $14.73 | $35.20 / year | $2.93 |
| $25,000 | $441.85 / year | $36.82 | $88.00 / year | $7.33 |
| $50,000 | $883.70 / year | $73.64 | $176.00 / year | $14.67 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: South Carolina savings rate averages as of October 13, 2026. | ||||
About Our South Carolina Savings Rate Database
MonitorBankRates tracks 145 savings rates from 14 banks and 17 credit unions offering savings accounts to South Carolina residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Bayer Heritage Federal Credit Union offers a savings account at 10.00% APY. Use the rate table above to compare all current offers in South Carolina.
How to Find the Best Savings Rates in South Carolina
What to compare when shopping for a savings account in South Carolina
To find the best savings APYs in South Carolina, start with credit unions and online-only banks: South Carolina has 17 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current SC high-yield savings average is 1.767% but top local institutions are offering as high as 10.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. South Carolina high-yield savings rates currently average 1.767% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at South Carolina institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 31 institutions in South Carolina report savings rates to our database.
- You’re among South Carolina’s 18.9% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return South Carolina CD rates
- You want check-writing flexibility South Carolina money market rates
- You need daily transaction access South Carolina checking rates
South Carolina Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.9% of residents are 65 or older, in line with the national average of 17.3%. At today’s SC high-yield savings average of 1.767%, saving 10% of the local median salary ($4,152/year) would earn an additional $73 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other South Carolina Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in South Carolina.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current SC Avg APY | 1.767% | 0.352% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects South Carolina averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for South Carolina
At SC’s top rate of 10.00% from Bayer Heritage Federal Credit Union, a $10,000 deposit earns $1,000 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median South Carolina earner is roughly $10,400. At 1.767% APY, saving $870/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsSouth Carolina’s high-yield savings average is 1.767% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median South Carolina earner makes $41,521/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.767% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.767% APY grows to roughly $35,491 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our South Carolina savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for South Carolina directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in South Carolina. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in SC.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in South Carolina
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in South Carolina safe?
How often do savings rates change in South Carolina?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in South Carolina?
How do I open a savings account in South Carolina?
Best Savings Rates in South Carolina
- Bayer Heritage Federal Credit Union
High Yield Savings: 10.00% APY - Skyla Federal Credit Union
Purpose Savings Account: 5.00% APY - Ukrainian Federal Credit Union
High Dividend Share Draft: 4.00% APY - CIT Bank
Platinum Savings >=: 3.75% APY - Market USA Federal Credit Union
High-Yield VIP Savings: 3.75% APY
South Carolina Rates & Resources
Cities in South Carolina
