Are you looking for a savings account in the Grand Strand area? Sandhills Bank offers you a variety of checking
accounts including online savings accounts to help you manage your daily transactions while enjoying convenient
access. Helping you open a Sandhills Bank savings account that’s right for you is what makes us
Your Big Bank Alternative.
| Minimum Opening Deposit |
$50.00 |
$5.00 |
$1,000.00 |
$1,000.00 |
| Balance Requirement To Avoid Fees |
$50.00 minimum daily balance |
None |
$1,000.00 minimum daily balance |
$1,000.00 minimum daily balance |
| Fees |
$5.00 monthly maintenance fee if balance falls below minimum daily requirement
|
No |
$10.00 monthly maintenance fee if balance falls below minimum daily requirement
|
$10.00 monthly maintenance fee if balance falls below minimum daily requirement |
| Interest Earning |
Yes
Compounded daily and credited quarterly*** |
Yes
Compounded daily and credited quarterly*** |
Yes
Compounded daily and credited monthly*** |
Yes
Compounded daily and credited monthly*** |
| Interest Tiers |
Daily balances over $50.00 earn interest*** |
All balances earn interest*** |
$0 to $999.99;
$1,000.00 to $9,999.99;
$10,000.00 to $24,999.99;
$25,000.00 to $99,999.99;
$100,000 and greater*** |
$0 to $999.99;
$1,000.00 to $49,999.99;
$50,000.00 to $999,999.99;
$1,000,000.00 and greater*** |
| Transaction Limitations* |
One (1) free transfer or withdrawal per month; $3 each thereafter |
One (1) free transfer or withdrawal per month; $3 each thereafter |
Six (6) free transfers or withdrawals per month; $10 each thereafter
|
Six (6) free transfers or withdrawals per month; $10 each thereafter |
| eStatements Available |
Yes |
Yes |
Yes |
Yes |
| Online Banking with Bill Payment |
Yes |
Yes |
Yes |
Yes |
| Telephone Banking |
Yes |
Yes |
Yes |
Yes |
* Federal regulations limit the number of transactions in a statement cycle to six (6). These include third party transfers (checks, automatic drafts and debit card purchases, pre-authorized transfers and online or telephone transfers). Withdrawals in person or from an automated teller machine (ATM) and transfers for purposes of repaying a Sandhills Bank loan are unlimited. Repeated violation of this federal withdrawal limitation may result in a fee and the closure of the account or conversion of the account to a checking account.
** Interest rates may increase but are guaranteed not to decrease before 01/01/2020. After that date, at our discretion, we may change the interest rate on your account at any time. APY is Annual Percentage Yield. The following APYs are accurate as of 02/04/19: Tier 1 – daily balance below $1,000.00 earns 0.00% APY; Tier 2 – daily balance equal to or greater than $1,000.00 but less than $50,000.00 earns 0.10% APY; Tier 3 – daily balance equal to or greater than $50,000.00 but less than $1,000,000.00 earns 2.00% APY; Tier 4 – daily balance equal to or greater than $1,000.000.00 earns 0.10% APY. To qualify for the APY of 2.00% in Tier 3, you must deposit a minimum of $50,000.00 of new money (defined as deposits not previously held by Sandhills Bank). Fees could reduce the earnings on the account.
*** Refer to a Bank Associate for additional information.
General bank fees may apply; refer to account disclosures for all other fees. Overdraft/Returned Item fees may apply to debit card and other transactions. Third party fees for messaging, internet and data may apply to online and mobile products.