Southcoast Community Bank offers an attractive interest rate for a companion savings account that goes with their reward checking account program.

The high yield savings account has the following current interest rates:

• 1.65% APY for deposits through $35K
• 0.50% APY for funds above $35,000
• Base interest rate of 0.05%

To enjoy the benefits of this high interest savings account, you need to meet the monthly requirements:

• Use the check card to complete 10 purchases every month
• Post an automatic payment or a direct deposit
• Choose e-statements over paper bank statements

Account holders will have their atm fee reimbursements and reward checking account earnings automatically be transferred to this savings account. This savings account comes free when you open a reward checking account.

A lot of banks are now offering similar programs and the savings interest rates given by Southcoast Community Bank is pretty competitive. There is really nothing to lose with this money in the bank opportunity since there are no monthly fees and maintenance balance involved.

If you want to take advantage of this savings opportunity, you can complete an application online. You can also drop by a branch. They have offices in Charleston, Johns Island, Moncks Corner, Mt. Pleasant, Summersville, North Charleston, and Summerville.

Southcoast Community Bank is registered with the FDIC.