Checking, Savings and Loan Rates from Palmetto Citizens

About Us

Operating as a not-for-profit credit union with no stockholders, Palmetto Citizens directs its earnings towards members through lower loan rates and higher savings rates. Additionally, compared to other financial service providers, Palmetto Citizens stands out by offering fewer fees—explore the associated fees under each heading below.

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*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.

Checking Rates

Checking Rates
Accounts	Balance requirements (to earn APY)	Dividend rate	APY	Minimum balance (to avoid fee)
Classic Checking	$500+	0.01%	0.01%	$0
Premium Checking	$500-$2,499.99	0.05%	0.05%	$2,500
	$2,500-$4,999.99	0.10%	0.10%	$2,500
	$5,000-$24,999.99	0.15%	0.15%	$2,500
	$25,000+	0.20%	0.20%	$2,500

Small Business Checking Rates

Small Business Checking Rates
Accounts	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+	0.01%	0.01%	$0

Savings Rates

Savings Rates
Accounts	Balance requirements (to earn APY)	Dividend rate	APY	Minimum balance (to avoid fee)
Prime Share (Savings)	$100+	0.25%	0.25%	$0
Money Market Account	$0-$24,999.99	0.40%	0.40%	$2,000
Money Market Account	$25,000+	0.45%	0.45%	$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	0.40%	0.40%	$0
Money Market IRA	$25,000+	0.45%	0.45%	$0
IRA Share Account	$0	0.25%	0.25%	$0
Health Savings Account	$100-$1,999.99	0.25%	0.25%	$0
Health Savings Account	$2,000+	0.95%	0.95%	$0
Christmas Club	$0	0.25%	0.25%	$0

Small Business Savings Rates

Small Business Savings Rates
Accounts	Balance requirements (to earn APY)	Dividend rate	APY	Minimum balance (to avoid fee)
Prime Share (Savings)	$100+	0.25%	0.25%	$0
Money Market Account	$2,000-$24,999.99	0.40%	0.40%	$2,000
Money Market Account	$25,000+	0.45%	0.45%	$2,000
Premium Money Market	$25,000-$249,999.99	1.40%	1.41%	$10,000
Premium Money Market	$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	0.25%	0.25%	$0
Health Savings Account	$2,000+	0.95%	0.95%	$0

Certificate Rates

Certificate Rates
	$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	3.40%	3.45%	3.45%	3.51%	3.50%	3.56%
12 Months	3.75%	3.82%	3.80%	3.87%	3.85%	3.92%
12 Months Add-To¹	3.35%	3.40%	3.40%	3.45%	3.45%	3.51%
18 Months	3.75%	3.82%	3.80%	3.87%	3.85%	3.92%
24 Months	3.45%	3.51%	3.50%	3.56%	3.55%	3.61%
24 Month Step Up³	3.15%	3.20%	3.20%	3.25%	3.25%	3.30%
30 Months	3.25%	3.30%	3.30%	3.35%	3.35%	3.40%
36 Months	3.25%	3.30%	3.30%	3.35%	3.35%	3.40%
48 Months	3.00%	3.04%	3.05%	3.09%	3.10%	3.14%
60 Months	3.00%	3.04%	3.05%	3.09%	3.10%	3.14%
72 Months	3.00%	3.04%	3.05%	3.09%	3.10%	3.14%
84 Months	3.00%	3.04%	3.05%	3.09%	3.10%	3.14%
12 Months Youth Add-To²	3.35%	3.40%	3.40%	3.45%	3.45%	3.51%

Vehicle Rates

Vehicle Rates
Loan Program	Term	APR As low as*
New & Used Automobile or Truck (2023-New)	Up to 36 months	3.99%
	37-48 months	5.50%
	49-60 months	5.55%
	61-72 months ($15,000+)	5.60%
	73-84 months ($25,000+)	7.29%
	85-96 months ($40,000+)	9.29%
New Boats, Motors or Trailers	up to 60 Months	6.95%
Used Boats, Motors or Trailers	up to 48 Months (Used)	8.25%
Motorcycle	up to 60 Months	8.75%
Motorcycle	up to 48 Months (Used)	11.00%
Recreational Vehicles	up to 96 Months (New; depending on amount financed)	9.74%
Recreational Vehicles	up to 84 Months (Used; depending on amount financed)	9.79%
Farm and Garden Equipment	up to 60 Months (New)	11.00%
Farm and Garden Equipment	up to 48 Months (Used)	12.00%
Jet Ski or ATV	up to 48 Months (New)	11.00%
Used Automobile or Truck (4-5 years old)	up to 48 Months	6.44%
Used Automobile or Truck (4-5 years old)	up to 72 Months ($15,000 and up)	6.44%
Used Automobile or Truck (6 years & older)	up to 48 Months (under $15,000)	7.75%
Used Automobile or Truck (6 years & older)	up to 72 Months ($15,000+))	7.75%

Mortgage Rates

Mortgage Rates
Mortgage loan type	Term	Interest rate	APR as low as*
First Mortgage (Fixed Rate)	10 Yrs	5.250%	5.680%
	15 Yrs	5.375%	5.680%
	20 Yrs	5.625%	5.870%
	30 Yrs	5.750%	5.920%
Second Mortgage (Fixed Rate)	5 Yrs	As low as 6.250%	6.840%
	10 Yrs	As low as 6.750%	7.070%
	15 Yrs	As low as 7.250%	7.499%
Home Equity Line of Credit			5.75%***
Adjustable Rate Mortgage	5/6 ARM** 30 Years	5.375%	6.250%

Visa® Credit Card Rates

Visa® Credit Card Rates
Card type	Annual percentage rate*
Visa Platinum	12.90% - 17.90%
Share Secured Rate	17.90%

Business Days: Our business days are Monday through Thursday 9:00 A.M. to 5:00 P.M. and closing 6:00 P.M. on Friday, excluding holidays. All drive-thru windows and our Contact Center 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)

prime-share
Account/Service	Associated Fee
Par Value (must remain in savings to maintain membership)	$5.00
Excessive Withdrawal Fee (over 2 per month)	$3.00
Dormant Account Fee (inactive over 18 months)	$4.00 / month
Early Share Account Closing Fee (within 90 days)	$15.00

prime-share
Account/Service	Associated Fee
Check Copy	$1.00
Check Orders / Re-orders	Cost Varies With Style
Debit Card Reissue (includes HSAs)	$10.00
Decoupled Debit Card	$14.00 / month (when transaction occurred)
Under Minimum Balance¹ ($0 minimum for Classic Checking)	$12.00 / month
Excess Draft Fee (money market only)	$12.00
Money Market Overdraft Transfer²	$5.00
Non-sufficient Funds (per presentment)	$24.50
Overdraft Privilege (per presentment)³	$27.00
Statement Copy	$3.00 per statement
Stop Payment Placement / Removal With Insufficient Funds	$16.00 $24.50
Foreign Transaction (Debit Card)⁴	1% of transaction in US dollars

prime-share
Account/Service	Associated Fee
Card Reissue	$10.00
Usage of Palmetto Citizens ATM⁵	No Cost
Usage of Non-Palmetto Citizens ATM: First 2 Transactions / Inquiries Per Month After 2nd Inquiry / Transaction Per Month	No Cost $1.00 / transaction

prime-share
Account/Service	Associated Fee
Late Fee (excludes single payment notes)	5% of Delinquent Amount (maximum $25.00)
Loan Payment by Check (over phone)⁶	$5.00
Loan Payment by Debit or Credit Card⁶	$9.95 + 3% of payment amount
Mortgage Subordination	$125.00
Overdraft from Home Equity Line of Credit (per advance)²	$2.00
Overdraft Protection (per advance)²	$2.00
Savings & Credit Builder Program: Excessive Withdrawal	1 Free per Quarter, $10.00 each thereafter
Skip a Payment (eligible members / loans)	$35.00
Visa Credit Card Foreign Transaction Fee⁴	1% of transaction in US dollars
Visa Credit Card Reissue	$3.00
Visa Credit Card Over-Limit Fee	$15.00

prime-share
Account/Service	Associated Fee
Expedited Payments for Bill Pay	$9.95
Loan Payments (from external accounts): eCheck Debit or Credit Card	$5.00 3% of payment amount
Mobile Deposit Returned Check	$10.00
Online Bill Pay⁷: With one of the following criteria: - Over $15,000 (aggregate loans and savings balance) - Over $1,000 monthly checking balance w/ eStatements - Under 25 years of age - Premium Checking Account holder Between $7,500 - $14,999.99 (aggregate loans and savings balance) Under $7,500 (aggregate loans and savings balance)	No Cost $1.45 / month $2.95 / month
Remote Transfer: Incoming / Outgoing (between own accounts)	No Cost

prime-share
Account/Service	Associated Fee
Account Research / Reconciliation	$20.00 / hour
Cashier's Check	$4.00
Check By Phone Payment	$5.00
Check Cashing⁸: Members With Account Balance(s) of $100+ Members With Account Balance(s) under $100	No Cost $12.00
Christmas Club Withdrawal Fee	$6.00
Christmas Club Check Disbursement Fee⁹	$3.00
Coin Machines: Usage for Members (personal accounts) Usage for Business Accounts and Non-members	No Cost 5% of Total
Incorrect Address Fee	$6.00 / month
IRA Closure Fee IRA Minimum Balance Fee	$5.00 $4.00/month
Money Order	$1.50
Rejoining Fee¹⁰ (no fee for first time membership)	$8.00
Reloadable Debit Cards (other fees may apply): Purchase Price Reload Fee Monthly Maintenance Fee	$3.95 $0.50 $1.75
Returned Item (personal check/ACH)	$24.50
Returned Deposit Item (two-party)	$4.00
Safe Deposit Boxes (annually): 3 X 5 3 X 10 5 X 10 10 X 10	$28.00 $38.00 $48.00 $88.00
Senior Program (VIPS): Under Minimum Balance Fee¹¹	$2.00
Statement Copy	$3.00 per statement
Visa Gift Card	$2.50 Per Card
Wire Transfer: United States International International (Convera)	$10.00 $15.00 $25.00

prime-share
Account/Service	Associated Fee
Low Volume Checking Over Transaction Limit	$0.30 / Transaction Over Allotted Amount
High Volume Checking Over Transaction Limit	$0.20 / Transaction Over Allotted Amount
Non-Profit Checking Over Transaction Limit	$0.15 / Transaction Over Allotted Amount
High Volume Checking Under Minimum Balance¹	$12.00 / month
Premium Sweep Over Transaction Limit¹²	$0.30 / Transaction Over Allotted Amount
Coin Counter for Business Accounts	5% of Total
High Volume Currency Deposit: First $10,000 / Month After $10,000 / Month	No Cost $0.14 / $100

Join Palmetto Citizens

To begin your credit union relationship, simply open a savings account with as little as $5 by completing our online application or visiting any of our branches. You can also choose to open a checking account, additional savings accounts or apply for a loan.

Once your membership has been opened, you are able to take advantage of all benefits that come with being a Palmetto Citizens member.

Online membership applications are available for all personal accounts.

Palmetto Citizens membership is open to any individual who lives, works, worships or attends school in the following counties in central South Carolina: Calhoun, Fairfield, Kershaw, Lexington, Newberry, Orangeburg, Richland, Saluda or Sumter.

We also have a partnership with the Carolina Consumer Council (CCC), a nonprofit organization focused on consumer advocacy and financial education, which allows anyone living in SC, NC, GA, TN, or VA to join Palmetto Citizens! Membership to the CCC is free when joining Palmetto Citizens and they won't contact our members or use or sell their information.

Membership may also be available to businesses, non-profits, churches and legal entities operating in this area. If you’re outside this area but have immediate family in these counties, you may be eligible to join as well.

As a credit union, we’re a not-for-profit financial institution. That means we, unlike banks, do not have to pay earnings to stockholders. Instead, we return profits back to our member-owners as lower loan rates, higher savings rates and fewer fees.

When you borrow and save with Palmetto Citizens, you are also keeping your money locally. That means we’re able to assist more of your neighbors, area small businesses and local charitable causes.

Funds deposited in our credit union are federally insured by a fund backed by the full faith and credit of the U.S. government. As the FDIC does for banks, the National Credit Union Share Insurance Fund (NCUSIF) insures savings of at least up to $250,000 per account. The NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government.

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Rates & Fees

Current Rates

Checking Rates

Small Business Checking Rates

Savings Rates

Small Business Savings Rates

Certificate Rates

Vehicle Rates

Mortgage Rates

Visa® Credit Card Rates

Fee Schedule

Join Palmetto Citizens

Online Membership Application

Membership Eligibility

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