Coastal Carolina National Bank is pushing for their best money market account that has very competitive interest rates:

$0 - $999.99 0% APY
$ 1,000 - $9.999.99 0.85% APY
$10,000 - $24,999.99 1.00% APY
$25,000 - $49,999.99 1.50% APY
$50,000 - $99,999.99 2.00% APY
$100,000 and above 2.00% APY

This money market deal requires a $10K initial funding. Money market account holders may want to stay above the $10K line to avoid the monthly service charge of $10. You need to drop by one of their branches to apply for an account. If you do not leave in their market area, please call the bank to check if you will be eligible to open the money market account.

The bank limits the withdrawal from the account to six every month. The website does not detail the fees involve whenever you go beyond this set limit.

Coming with the competitive money market rates, the account will also give you access to free online banking, free telephone banking, and free monthly statements.

Coastal Carolina Bank is headquartered in Horry County in South Carolina. It serves the market of Myrtle Beach, North Myrtle Beach, and Conway.

If you have questions about their products and services, the bank can be reached through their customer service line 843-839-2265.

It is a very young bank which was established just last June. The bank has been offering money in the bank deals like other start-up financial companies to build up their funds.

The bank is not yet rated by both BauerFinancial and Bankrate.com. Coastal Carolina National Bank is covered by the FDIC through certificate number 58864.