South Carolina

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South Carolina CD Rates – 2-Year

You are viewing rates from banks across South Carolina

 

Below are two-year Certificates of Deposit (CD) rates from banks in South Carolina. Two-year CDs generally offer a higher rate than 1-year CDs but require a longer commitment. Depending on the economy, longer term CDs may or may not offer more premium as the term increases. If you expect rates on bank products to drop, can afford to lock the money away, and feel you are receiving enough premium for the time commitment, then longer-term CDs may be appropriate.

SC - November 13, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.75% → 4.40% → 4.30% → 4.05%

| Nov 21, 2023

A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More

3.87%

$1,000

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Early Withdrawal Penalty is 180 days interest.
Rate History: 0.55% → 0.50% → 3.80% → 3.75%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.40% → 4.30% → 4.20% → 4.00% → 3.70%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Rate History: 3.50% → 3.25%

Rate History: 3.44% → 3.34% → 3.24% → 3.14% → 3.24%

Rate History: 5.00% → 4.40% → 4.00% → 3.85% → 2.60%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 1.00% → 1.55% → 2.25%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

Rate History: 3.00% → 2.50% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

Rate History: 5.00% → 4.00% → 3.50% → 2.00%

| Nov 12, 2018

Helpful w/$ Read More

| Apr 12, 2019

United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More

1.10%

$500

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Rate History: 4.00% → 1.00% → 4.00% → 1.00%

| May 19, 2018

Experience Read More

| Jun 29, 2021

CD rates are not posted on any advertised sites. Contact Anderson Brothers Bank at 800-345-8081 during normal business hours Monday - Friday 8:30 AM - 5:00 PM EST. Read More

1.00%

$10,000

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0.90%

$10,000

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0.80%

$10,000

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0.71%

$10,000

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| Sep 21, 2021

Best bank in town! Read More

| Jun 29, 2021

CD rates are not posted on any advertised sites. Contact Anderson Brothers Bank at 800-345-8081 during normal business hours Monday - Friday 8:30 AM - 5:00 PM EST. Read More

| Apr 13, 2019

Shout out to the 2nd Loop branch. These people are the friendliest employees. I have so enjoyed doing business with them. They go way beyond their job descriptions to help you. AND I have never had to wait... Read More

0.65%

$10,000

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0.60%

$10,000

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0.60%

$100,000

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0.55%

$100,000

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| Apr 21, 2020

Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself. Read More

| Mar 27, 2022

Lately, I am constantly being locked out of my account. I have double-checked and triple-checked and everything is correct. It is the weekend of March 26, 2022, and I cannot get help with this...what am I ... Read More

0.40%

$10,000

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| Nov 10, 2022

Sammi rude I feel she gets mad if she has to do anything Seneca up town bank like she is scholing me no people skills very moody needs to be talked to Read More

0.40%

$10,000

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0.40%

$10,000

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0.35%

$10,000

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0.35%

$1,000

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0.35%

$10,000

-

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| Mar 5, 2019

Pinnacle has not had a 3% CD since Oct of 2018. Read More

0.35%

$1,000

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0.35%

$10,000

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0.30%

$100,000

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0.30%

$10,000

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| Oct 10, 2020

Great banking experience. Love this bank! Read More

0.25%

$10,000

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0.25%

$10,000

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| Nov 6, 2020

First Palmetto Bank lacks access to support representatives after hours. If you get locked out of your account just hope it happens during business hours. Read More

| Aug 8, 2022

DO NOT USE THIS BANK!!!! My brother passed and unfortunately he had a savings account with these thieves. I properly went through probate court and got an Order for the bank to release the funds to me and... Read More

0.25%

$100,000

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0.22%

$10,000

-

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| Dec 12, 2019

My debit card stopped working 5 weeks ago and I requested 6 times for a new card with the same number to be issued........never got the card, after I was told during my last call (over an hour of nonsense)... Read More

| Jun 11, 2015

Synovus no longer offers this rate as of 5/8/2015---I called and asked Read More

0.20%

$10,000

-

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0.20%

$10,000

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| May 30, 2022

I HAVE TO AGREE WITH THE OTHER REVIEWERS. THIS BANK HAS THE WORST CUSTOMER SERVICE OF ALL TIME. I HAD NO CHOICE BUT TO GO HERE... IF THERE'S ANY WAY YOU CAN AVOID, IT IS HIGHLY RECOMMENDED. LET ME GIVE ... Read More

0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.15%

$10,000

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| Dec 30, 2018

Garden14 Read More

Rate History: 0.01% → 0.05%

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

Rate History: 0.03% → 0.05%

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Two Year CDs - Branch Banks 2024

Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate of return during that period. All two year CDs shown on BestCashCow are FDIC insured.

While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double. As a result, a depositor should think about whether the extra rate is worth the extra time commitment.

In general, if rates are rising, it makes sense not to lock up money for an extended period of time.

If rates are falling, then it makes sense to put money into a longer-term instrument to lock-in a higher rate.

Many find opening CDs at local bank is often easier than online. In a branch, a depositor can sign CD documents and initiate a CD in person, and can often get it done faster than mailing a check or initiating a wire transfer in order to get their money to an online bank. Many also appreciate the opportunity to interact face to face with a real human being as opposed to by phone or instant messaging.

The advantages of a two year branch CD are:

  • A higher rate than 12 month CDs in return for leaving the money in the bank longer.
  • A fixed rate during the 24 month period.
  • A generally higher rate for the same term than what can be found in a branch-based bank.
  • FDIC insurance.
  • Convenience of opening and managing the CD online.

The disadvantages of a two year branch CDs are:

  • Rates are generally lower than on the top online savings and CD accounts.
  • Money is tied up for two years. Removing it early results in significant penalties.
  • Opening online can often take several days. Problems must be handled online or via the phone as there is no branch.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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