27 month CD yielding 3.75% APY: Enterprise Bank of South Carolina
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Here is a pretty sweet savings rate for anyone on the hunt for 2 year CD’s in the southeast. Currently Enterprise Bank of South Carolina has a promotional 27month certificate of deposit which is yielding 3.75% APY with a minimum deposit of $500. We recently noted this as one of the best CD rates in South Carolina.
After visiting their rates page, we noticed that their rates, in general, haven’t been updated since January of 2009 and the disclaimer on this promotion states that the interest rate is subject to change on a daily basis (doesn’t seem like it’s changed within the last 6 months though…)
3.75% APY on a 27 month deposit is a pretty substantial return considering the national average for 2 year CD’s (24 months) sits at roughly 2.0% APY.
Enterprise Bank also offers a promotional 15 month CD which is yielding a very noteworthy 2.75% APY as well. The national average for 1 year CD’s is currently 1.65% APY.
Enterprise Bank of South Carolina was established in 1920 and has roughly 12 locations/branches throughout SC. You may be eligible to take advantage of these products even if you do not reside in that state, however it may require a physical trip to a branch. To get further info or to apply contact a representative at: (803) 267-3191
