South Carolina Bank and Trust is inviting consumers to take advantage of their Mad Money Checking account. This attractive money in the bank deal is their best checking account. It offers the following interest rates given that some monthly requirements are met:

3.25% APY for deposits through $25,000
Portions above $25K earn 0.05%
Base rate is at 0.05% given if conditions are not satisfied

Account holders must do the following to make most of the current interest rates:

Complete 10 purchases using the Visa debit card
Make a direct deposit or set up an auto draft for a third party
Opt for electronic statements over printed statements

The above requirements are waived for the first month.

Interested consumers can open this checking account for as low as $50. The bank does not require any minimum balance nor do they collect any service fees. Aside from the attractive interest rates, account holders also get free access to phone and mobile banking.

You can open multiple accounts but you must meet the requirements for each account to get the highest interest rate for this checking account deal.

It seems that a branch visit is necessary to open an account. The bank has offices in Walterboro, Orangeburg, Myrtle Beach, Lexington, Greenville, Fort Mill, Columbia, and Charleston in South Carolina.

South Carolina Bank and Trust is still running their Mad Money Mondays promo. You can open a checking account in specific branches on certain Mondays this November and you will get a cash bonus of $100.

The November schedule will be the following:

November 16

Hilton Head at 81 Main Street
Hilton Head at 5 Park Lane

November 23

Charleston at 46 Broad Street
Summerville at 402-D North Main Street
Mt. Pleasant at 1032 Johnnie Dodds Boulevard
James Island at 315 Folly Road
Moncks Corner at 317 North Highway 52

The bank has strong ratings for performance, soundness and safety. Both bankrate.com and BauerFinancial issued 4 stars when they reviewed the bank’s status using their June 2009 financial data. South Carolina Bank and Trust is covered by the FDIC with certificate number 13425.