Prime Money Market Account
Expect More from Your Bank
Maximize your personal or business’s potential savings and access your money when you need it with a Prime Money Market Account.
Earn More With Our High-Yield Rate
A minimum deposit of at least $250,000 is required to take advantage of the highest tier interest rate.*
Find a Location Near You to get StartedCompetitive Interest Rates
Maximize your earnings with competitive interest rates offered by a Prime Money Market Account, helping your money grow faster compared to traditional savings accounts.
Access Your Money Easily
You can make withdrawals or transfers from the account without facing significant penalties or restrictions, unlike accounts with fixed rates and terms.
Safe & Secure
Feel confident knowing your money is in good hands with South Atlantic Bank and is insured by The Federal Deposit Insurance Corporation (FDIC).
Online & Mobile Banking
Enjoy the convenience of managing your Prime Money Market Account seamlessly through online and mobile banking platforms, giving you easy access and control over your funds on the go.
Prime Money Market Account Disclosures
The following rate tiers apply as of 07/27/2023: *
Daily Balance
$.01 - $999.99
$1,000.00 - $249,999.99
$250,000.00 & above
Rate
0.00%
0.40%
4.40%
APY
0.00%
0.40%
4.50%
- *APY is based on Wall Street Prime -4.00%
- The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current rate and yield information please call us at (843) 839-0100.
- The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change at our discretion and as often as daily.
- To avoid the imposition of the service charge you must meet one following requirements:
- A service charge of $10.00 will be imposed every statement cycle if either the balance in the account falls below $1,000.00 or the average daily balance falls below $2,000.00 any day of the statement cycle
- The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is your statement cycle
- You must open with and maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield
- We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is your statement cycle.
- Interest begins to accrue no later than the next business day after you deposit non cash items (for example, checks).
- During any statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
- You may only make six preauthorized transfers from your account each statement cycle.
- $10.00 per withdrawal fee if withdrawals exceed six in a statement cycle.
- Requirements for existing customers apply. Please contact your local office.