At South Atlantic Bank, we believe that building a secure financial future starts with simple, positive habits—like opening a savings account. Whether you’re saving for a big goal, unexpected expenses, or just want to create a financial cushion, a savings account offers a range of benefits that can make a real difference in your life.
Safety and Security
Your money is safer in a savings account than at home. Funds deposited in a bank are federally insured by the FDIC up to the legal limit, protecting your hard-earned savings from loss or theft up to $250,000 per depositor, per FDIC-insured bank, per ownership category.
Easy Access with Financial Discipline
Savings accounts offer both easy access and control. You can get to your money when you need it, but the extra step to transfer or withdraw helps you pause and stick to your savings goals.
Earn Interest Over Time
A savings account can grow with interest, unlike a piggy bank. Even small interest rates add up over time, so you earn a bit extra just by keeping your money in the account.
Foundation for Financial Goals
Planning a vacation? Saving for a down payment? A savings account is the perfect place to set money aside for both short-term dreams and long-term goals. You can even open multiple accounts for separate goals to track your progress easily.
Emergency Readiness
Life is full of surprises. Having an emergency fund in a savings account can provide peace of mind, knowing you’re prepared for unexpected medical bills, home or car repairs, or other expenses.
Financial Confidence and Peace of Mind
Seeing your savings grow, even if it’s slow, can build your confidence. A savings account shows your progress and can help lower financial stress.
Ready to get started? Open an account online or stop by in person to open your savings account and take the next step toward a stronger financial future.
Do You Practice Safe Checks? It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial […]
Learn More About Practice Safe ChecksProtect Yourself from Scammers According to a recent alert to banks from the Financial Crimes Enforcement Network, part of the Treasury Department, criminals have been increasingly targeting the U.S. Mail and United States Postal Service mail carriers since the COVID-19 pandemic to commit check fraud. Criminals typically steal personal checks, business checks, tax refund checks, […]
Learn More About Check Theft & FraudHabitat for Humanity of Horry County has been awarded $200,000 in Affordable Housing Program (AHP) funds from the Federal Home Loan Bank of Atlanta (FHLBank Atlanta), in partnership with South Atlantic Bank as the member bank. This funding will support Habitat’s mission to provide safe, affordable housing solutions for families in Horry County. The AHP […]
Learn More About Habitat for Humanity of Horry County Partners with South Atlantic BankEach year older Americans lose approximately $2.9 billion to fraud, but it is suspected that number is drastically underestimated because only one in 44 seniors report financial abuse. The following tips are helpful for seniors and their financial caregivers to proactively protect themselves and their loved ones from fraud. For more financial caregiver resources, visit […]
Learn More About Safe Banking for SeniorsWe're here to help you. Visit our Help Center to find important information and frequently asked questions.
Visit Help CenterReady to make the switch? Open a new account with South Atlantic Bank.
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