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4 Questions to Ask When Searching for the Best Savings Account in Florence, SC

Personal Finances 3 min read

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If you’re looking for the best savings account in Florence, SC—look no further than your local First Bank. Florence South Carolina, dubbed an All American City by the National Civic League is home to two great locations to serve all of your banking needs.

Some questions to ask when you’re searching for the best savings account:

Is it FDIC Insured?

First Bank is a member of the Federal Deposit Insurance Corporation (FDIC) so you can trust that your assets are insured.

What sort of fees are associated with the account?

First Bank’s savings accounts offer ways to avoid monthly maintenance fees by meeting certain requirements such as a minimum balance.

What are the interest rates?

First Bank’s interest rates are competitive and we even offer a savings account with a high-yield interest rate.

What are my Certificate of Deposit (CD) options?

We have CDs that typically offer interest rates that are fixed and higher than traditional savings accounts.

There’s More to the Best Savings Accounts in Florence, SC

Our savings account benefits don’t end there. First Bank can also offer you an IRA or a Health Savings Account as well as a savings account set up just for kids. Our accounts are made complete by offering such perks as:

  • Monthly statements via paper or electronic form so you can see up to 28 months of account history.
  • Account activity alerts by phone call, text message or email every time a transaction is made in your account.
  • Online and mobile banking so you can bank from anywhere, any time.
  • Automated online bill payments that can be scheduled up to a year in advance.

Whether you’re saving for a vacation or putting money away for surprise car repairs, a savings account is an important asset. At First Bank, we work hard to deliver the best savings account in Florence, SC, and you can visit our locations on West Evans Street or Second Loop Road to start saving today. Compare our savings accounts to find your best fit today.

Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep it Fee FreeTM section of the account summary table for their account type. Other account service fees may apply as described in the Account Services Fee Schedule available on our website at fees or at your local branch.Federal regulations limit withdrawals or preauthorized transfers to six (6) per month, including checks, drafts, online transfers, telephone transfers and debit card purchases.

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Sources:

Investopedia: http://www.investopedia.com/terms/i/interest.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186

Investopedia: http://www.investopedia.com/terms/c/certificateofdeposit.asp

Investopedia: http://www.investopedia.com/terms/i/ira.asp?lgl=rira-layout

Investopedia: http://www.investopedia.com/terms/h/hsa.asp

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