Current Rates
As a credit union, Palmetto Citizens is not-for-profit and does not have stockholders. That means we can return earnings back to our members as lower loan rates and higher savings rates.
Use the menu to view our various rates in a table below. Wider tables are scrollable on smaller devices.
| Account | Balance Requirements (to earn APY) |
Dividend Rate | APY | Minimum Balance (to Avoid Fee) |
|---|---|---|---|---|
| Classic Checking | $500+ | 0.12% | 0.12% | $0 |
| Premium Checking | $500-$2,499.99 | 0.12% | 0.12% | $2,500 |
| $2,500-$4,999.99 | 0.26% | 0.26% | $2,500 | |
| $5,000-$24,999.99 | 0.30% | 0.30% | $2,500 | |
| $25,000+ | 0.39% | 0.39% | $2,500 |
| Account | Balance Requirements (to earn APY) |
Dividend Rate | APY | Minimum Balance (to Avoid Fee) |
|---|---|---|---|---|
| Low Volume | N/A | 0.00% | 0.00% | $0 |
| High Volume | N/A | 0.00% | 0.00% | $2,000 |
| Non-Profit | $500+ | 0.12% | 0.12% | $0 |
*Rates are subject to change at any time without notice and are not guaranteed.
APY = Annual Percentage Yield. All rates,terms and conditions are subject to change without notice.
Credit to Accounts for Member Deposits: The Credit Union's "daily cut-off time": All deposits of transactions received after the time we close for business on a day we are open, received after we open the Night Depository, or received on a day we are closed for business will be treated as if received on the next business day that we are open. Our business hours are listed below.
Business Days: Our business days are Monday through Thursday 9:00 A.M. to 5:00 P.M. and to 6:00 P.M. on Friday, excluding holidays. All drive-thru windows are opened at 8:30 A.M. Our Night Depository is opened at 8:30 A.M. each business day. (Deposits made after 8:30 A.M. or on a day we are not open will be processed the next business day we are open.)
Electronic Funds Transfer Services - Daily limits on transactions: $510.00 at ATMs and up to $3500.00 at Point of Sale Terminals when using debit cards, except as otherwise limited in your Membership Agreement.
Networks Available for EFT Transactions: CIRRUS, STAR (Honor)
| Account | Balance Requirements (to earn APY) |
Dividend Rate | APY | Minimum Balance (to Avoid Fee) |
|---|---|---|---|---|
| Prime Share (Savings) | $100+ | 0.35% | 0.35% | $0 |
| Money Market Account | $0-$24,999.99 | 0.85% | 0.85% | $2,000 |
| $25,000+ | 1.05% | 1.06% | $2,000 | |
| Premium Money Market | $0-$24,999.99 | 0.90% | 0.90% | $10,000 |
| $25,000-$99,999.99 | 1.40% | 1.41% | $10,000 | |
| $100,000-$249,999.99 | 1.45% | 1.46% | $10,000 | |
| $250,000+ | 1.75% | 1.76% | $10,000 | |
| Money Market IRA | $2,000-$24,999.99 | 0.85% | 0.85% | $0 |
| $25,000+ | 1.05% | 1.06% | $0 | |
| IRA Share Account | $0 | 0.35% | 0.35% | $0 |
| Health Savings Account | $100-$1,999.99 | 0.85% | 0.85% | $0 |
| $2,000+ | 1.55% | 1.56% | $0 | |
| Christmas Club | $0 | 0.35% | 0.35% | $0 |
| Account | Balance Requirements (to earn APY) |
Dividend Rate | APY | Minimum Balance (to Avoid Fee) |
|---|---|---|---|---|
| Prime Share (Savings) | $100+ | 0.35% | 0.35% | $0 |
| Money Market Account | $2,000-$24,999.99 | 0.85% | 0.85% | $2,000 |
| $25,000+ | 1.05% | 1.06% | $2,000 | |
| Premium Money Market | $25,000-$249,999.99 | 1.40% | 1.41% | $10,000 |
| $250,000+ | 1.75% | 1.76% | $10,000 | |
| Sweep Account | $500 - $1,999.99 | 0.12% | 0.12% | $0 |
| $2,000 – $24,999.99 | 0.21% | 0.21% | $0 | |
| $25,000+ | 0.38% | 0.38% | $0 | |
| Health Savings Account | $100-$1,999.99 | 0.85% | 0.85% | $0 |
| $2,000+ | 1.55% | 1.56% | $0 |
*Rates are subject to change at any time without notice and are not guaranteed.
APY = Annual Percentage Yield. All rates,terms and conditions are subject to change without notice.
Credit to Accounts for Member Deposits: The Credit Union's "daily cut-off time": All deposits of transactions received after the time we close for business on a day we are open, received after we open the Night Depository, or received on a day we are closed for business will be treated as if received on the next business day that we are open. Our business hours are listed below.
Business Days: Our business days are Monday through Thursday 9:00 A.M. to 5:00 P.M. and to 6:00 P.M. on Friday, excluding holidays. Our Call Center and all drive-thru windows are opened at 8:30 A.M. each business day. Our Night Depository is opened at 8:30 A.M. each business day. Deposits made after 8:30 A.M. or on a day we are not open will be processed the next business day.
Electronic Funds Transfer Services - Daily limits on transactions: $510.00 at ATMs and up to $3500.00 at Point of Sale Terminals when using debit cards, except as otherwise limited in your Membership Agreement.
Networks Available for EFT Transactions: CIRRUS, STAR (Honor)
Share Certificate/IRA: Rates, terms and conditions are subject to change without notice. After your certificate is opened, the dividend rate is fixed for the term. A penalty may be imposed for early withdrawal. Fees could reduce
earnings.
| $500 (Minimum to Earn APY) |
$100,000 (Minimum to Earn APY) |
$250,000 (Minimum to Earn APY) |
||||
|---|---|---|---|---|---|---|
| Term | Dividend Rate | APY | Dividend Rate | APY | Dividend Rate | APY |
| 91 Days | 0.75% | 0.75% | 0.80% | 0.80% | 0.85% | 0.85% |
| 182 Days | 4.10% | 4.16% | 4.15% | 4.22% | 4.20% | 4.27% |
| 12 Months | 4.00% | 4.06% | 4.05% | 4.11% | 4.10% | 4.16% |
|
12 Months Add-To1 |
3.60% | 3.65% | 3.65% | 3.70% | 3.70% | 3.75% |
|
12 Months Youth Add-To2 |
3.60% | 3.65% | 3.65% | 3.70% | 3.70% | 3.75% |
| 18 Months | 3.50% | 3.55% | 3.55% | 3.60% | 3.60% | 3.65% |
| 24 Months | 3.25% | 3.29% | 3.30% | 3.34% | 3.35% | 3.39% |
|
24 Month Step Up3 |
2.95% | 2.98% | 3.00% | 3.03% | 3.05% | 3.09% |
| 30 Months | 3.00% | 3.03% | 3.05% | 3.09% | 3.10% | 3.14% |
| 36 Months | 3.00% | 3.03% | 3.05% | 3.09% | 3.10% | 3.14% |
| 48 Months | 3.00% | 3.03% | 3.05% | 3.09% | 3.10% | 3.14% |
| 60 Months | 3.00% | 3.03% | 3.05% | 3.09% | 3.10% | 3.14% |
| 72 Months | 3.00% | 3.03% | 3.05% | 3.09% | 3.10% | 3.14% |
| 84 Months | 3.00% | 3.03% | 3.05% | 3.09% | 3.10% | 3.14% |
*Rates are subject to change at any time without notice and are not guaranteed. IRA certificates are not available for all terms.
1 Minimum opening deposit is $500. Additional deposits of any amount can be made at any time during the term up to a total balance of $250,000. Early withdrawal penalties will be waived if purchasing a vehicle or home using cash or financing from Palmetto Citizens.
2 Minimum opening deposit is $100. Must be a youth or teen club member to be eligible for this certificate. Additional deposits of any amount can be made at any time during the term up to a total balance of $250,000. Early withdrawal penalties will be waived if purchasing a computer, vehicle or home using cash or financing from Palmetto Citizens.
3 If rates go up, with this certificate, you can request a one time adjustment (Step Up) to the higher prevailing APY any time during the original term of your certificate. Your rate will be changed to the then current rate for a 24 month - Step Up and remain in effect until the current remaining maturity.
Share Certificate/IRA: Rates, terms and conditions are subject to change without notice. After your certificate is opened, the dividend rate is fixed for the term. A penalty may be imposed for early withdrawal. Fees could reduce earnings.
| Loan Program | Term | APR AS LOW AS* |
|---|---|---|
|
New & Used Automobile or Truck (2021-New) |
||
| up to 36 Months | 4.95% | |
| 37 - 48 Months | 5.50% | |
| 49 - 60 Months | 5.55% | |
| 61 - 72 Months ($15,000 and up) |
5.60% | |
| 73 - 84 Months ($25,000 and up) |
7.29% | |
| 85 - 96 Months ($40,000 and up) |
9.29% | |
| Used Automobile or Truck (4-5 years old) |
||
| up to 48 Months | 6.44% | |
| up to 72 Months ($15,000 and up) |
6.44% | |
| Used Automobile or Truck (6 years & older) |
||
| up to 36 Months (under $10,000) |
7.75% | |
| up to 48 Months ($10,000 and up) |
7.75% | |
| New Boats, Motors or Trailers | ||
| up to 60 Months | 6.95% | |
| Used Boats, Motors or Trailers | up to 48 Months (Used) |
8.25% |
| Recreational Vehicles | ||
| up to 96 Months (New; depending on amount financed) |
9.74% | |
| up to 84 Months (Used; depending on amount financed) |
9.79% | |
| Motorcycle | ||
| up to 60 Months | 8.75% | |
| up to 48 Months (Used) |
11.00% | |
| Farm and Garden Equipment | ||
| up to 60 Months (New) |
11.00% | |
| up to 48 Months (Used) |
12.00% | |
| Jet Ski or ATV | up to 48 Months (New) |
11.00% |
*Term used to calculate loan payments only. Rate may vary and is determined by your creditworthiness, amount financed and loan terms. All rates and terms are subject to change without notice. APR = Annual Percentage Rate.
| Mortgage Loan Type | Term | Interest Rate | APR* as low as |
|---|---|---|---|
| First Mortgage (Fixed Rate) |
10 Years | 5.500% | 5.950% |
| 15 Years | 5.625% | 5.930% | |
| 30 Years | 6.125% | 6.320% | |
| Second Mortgage (Fixed Rate) |
5 Years | as low as 7.25% | 8.103% |
| 10 Years | as low as 8.95% | 9.425% | |
| 15 Years | as low as 9.25% | 9.599% | |
| Adjustable Rate Mortgage | 5/6 ARM** 30 Years |
5.625% | 6.085% |
| Home Equity Line Of Credit*** | 6.75% |
Mortgage rates displayed above are "as low as" and include a 1.00% loan origination fee. All loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without prior notice. Other mortgage programs, rates, and terms may be available. For more information, please email our Mortgage Department or call (803) 376-5016.
The SAFE Act requires a mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry and provide their Mortgage Loan Originator Identifier number to a consumer when engaging in a mortgage loan transaction. You may obtain information about the Mortgage Loan Originator by accessing the Nationwide Mortgage Licensing System and Registry at www.nmlsconsumeraccess.org.
*APR = Annual Percentage Rate. Rates are subject to change at any time without notice and are not guaranteed. Other rate options may be available. Loan Example: $160,000, 7.099% APR; 360 payments of $1064.48 principal &
interest. Based on Sales price of $200,000 with 20% down. Rates displayed above are based on loans secured by property located in South Carolina. This information is provided for illustrative purposes only. Your actual APR may be higher or lower based on your credit history, loan amount, property state, product features, term and loan to value ratio. Please call the Mortgage Department at 803-376-5016 for details.
**Adjustable Rate Mortgage (ARM) is variable; your Annual Percentage Rate is fixed for the first five years and subsequently subject to change bi-annually after the original fixed-rate period. Maximum term is 30 years.
***Prime Rate, as published in the Wall Street Journal, is a variable rate; as it changes, the APR on your account will also change. The APR will be based on the prime rate plus a margin of up to 4.00%. The maximum APR that can apply is 18.00%. Credit is subject to approval. A home equity line of credit is secured by a first or second mortgage lien on your home, which must be an owner occupied home, second or vacation home. The minimum loan line of credit amount is $5,000. Repayment period is based upon amount outstanding: $0 - $9,999.99 - ten year repayment. $10,000 & above - up to fifteen years repayment. Term for second/vacation home is 180 mos. The line may not exceed 90% of the appraised value less the first mortgage balance. Loan fees and closing costs vary. Flood and /or property hazard insurance may be required. Other restrictions may apply. The present Prime Rate of 7.75% is current as of November 8, 2024. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.
| Card Type | Annual Percentage Rate | |
|---|---|---|
| Visa Platinum | 12.90% - 17.90% | |
| Share Secured Visa | 17.90% | |
| Grace Period for Repayment of the Balance for Purchases: | 25 Days |
|---|---|
| Method of Computing the Balance for Purchases: | Average daily balance (including new purchases) |
| Annual Fee: | None |
| Late Fee: | Payments received 10 days after payment due date will be charged 5% of the delinquent amount, maximum of $25.00 |
| Transaction Fee for Purchases: | None |
| Minimum Finance Charge: | None |
*Security Interest: Member hereby gives to Credit Union a security interest in property purchased through the credit plan. Also, member hereby grants Credit Union a pledge of shares on all present and future shares and/or deposits in accounts listed in the application (except shares and deposits in an Individual Retirement Account and any other account that would lose special tax treatment under state or federal law, if given as security, are not subject to the security interest you have given us in your shares and deposits). These security interests shall secure Member's faithful performance of all obligations arising under the agreement, and Credit Union shall have all of the rights of a secured party in accordance with the South Carolina Commercial Code.
View our Credit Card Agreement & Disclosure Statement or download a printable PDF.