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Personal Savings

Treat your money right and it will return the favor.

A good savings plan makes the most of what you’ve got.

Properly tended, your savings will blossom. We’ll help you select a plan that can help fund your plans for the future.

Couple on beach

Savings Account

  • Earn interest that makes your savings grow
  • No service charge for customers under 18
  • Open an account with a suggested opening deposit of just $50
  • Some transactions limited to 6 per calendar month (per federal regulation)
  • Rate is announced when your account is opened and compounds quarterly
  • Minimum balance of $250 to avoid a $5 monthly service charge
  • $3 fee for every withdrawal in excess of 6 per quarterly statement cycle

Personal Money Market Account

  • Larger balances earn higher rates
  • Interest is earned on the daily balance and compounded monthly
  • No service charge when daily balance exceeds $500 (if daily balance dips below $500, the monthly service charge is a low $5)
  • Tiered rates are set when your account is opened and is not a fixed rate
  • Open an account with a low suggested deposit of just $50
  • $5 fee for every withdrawal in excess of 6 per monthly statement cycle
  • Some transactions limited to 6 per calendar month (per federal regulation)

Health Savings Account

  • Helps you control your healthcare costs and taxes
  • Works in combination with a high-deductible health insurance policy
  • Funds are available to help cover qualified, out-of-pocket medical expenses

Certificates of Deposit

  • The longer the term, the higher your returns
  • Terms from 30 days to five years
  • Open an account with just $500

Individual Retirement Account

  • Reduces the taxes you pay on savings
  • Regular IRA
  • Roth IRA
  • Education IRA
  • SEP
  • Open an account with just $500
  • Interest is compounded quarterly or paid to you as agreed
  • Current rates are available upon request. All rates are subject to change

Ready to switch to South Coast Bank?

We’re ready to help. Call now, or drop by one of our branches. Numbers and addresses can be found here.

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All rights reserved. 

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Please note that our lobbies are closed at this time. Our drive thrus remain fully functional, along with our Customer Care Center, ITMs, Online Banking, Mobile Banking, Telephone Banking, Text Banking, Online Chat and full suite of Cash Management services. To access lobby services, please call to schedule an appointment.

This decision was not made lightly, but we must do our part to ensure the health and safety of our customers, community, and team.

We remain committed to serving you throughout this time and ask that you please reach out to us with any need or concern. We are here, we are listening, and we are in this together.

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