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We offer a Business Savings Accounts and Certificates of Deposit with varying terms to help your money grow!

Business Savings

Our flexible savings account – with its low minimum opening deposit and competitive rate of interest -- provides an easy way for your business to save. 

Features and Benefits
  • Just a $200 deposit to open
  • Low minimum balance requirement of $200
  • $5 monthly maintenance fee if balance is not maintained
  • Withdrawals limited to 6 per monthly cycle
  • Excess withdrawal fee of $2 per withdrawal
  • Collected balances of $200 or more earn interest.
  • Interest is compounded daily and paid quarterly.
  • Free Online Banking
  • Free Telephone Banking
  • Quarterly* statement via E-Docs or U.S.Mail

Federal regulations allow unlimited withdrawals and transfers at teller windows, ATMs, and by mail.  Telephone withdrawals (made via check mailed to customer) are also unlimited. All other types of transfers and withdrawals are limited to six per statement cycle, made by check, draft, debit card, or similar order to third parties.

*If electronic funds transfer takes place, a monthly statement is generated.

 

Business Certificates of Deposit

A wide variety of terms to choose from, competitive rates of interest, and the safety of FDIC insurance make our CDs an appealing investment option for your business.

Features and Benefits
  • FDIC Insured
  • Low minimum opening deposit of $500
  • Terms as short as 3 months or as long as 5 years
  • Competitive rate of interest that is compounded daily to help you save even more.
  • Multiple interest payment options depending on your needs – interest can be rolled back into the CD, paid to you monthly or quarterly by check, or transferred to the South Atlantic Bank account of your choice
  • Free Online Banking
  • Free Telephone Banking
  • Penalties for early withdrawal apply*

* Terms of 365 days or less:  3 months’ interest

  Terms of 366 days or more:  6 months’ interest