South Carolina: Atlantic Bank and Trust offers money market account at 2.00% APY
The Atlantic Bank and Trust offers their best money market rate at 2.00% APY for balances of at least $10,000. This best money market deal has a tiered earning structure which means putting in more money gives you higher yields.
Like other money market offerings, this one from Atlantic also limits third party withdrawals and transfers to a maximum of six per month. Three of this six can be made through personal checks. Fees apply if you go beyond this set limit.
The interest of your deposit is computed on daily basis and credited to your money market account every month.
It appears that you have to drop by one of their offices to open an account. They operate two branches in Anderson, South Carolina: one in Charleston and another one in Myrtle Beach. They also have an office in Savannah, Georgia.
The bank is insured by the FDIC.
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