Richland, South Carolina Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Richland, South Carolina savings account rates range from 0.20% to 10.00% APY, verified by MonitorBankRates as of October 23, 2026. The best savings rates for Richland, South Carolina and the surrounding area include Bayer Heritage Federal Credit UnionBayer Heritage Federal Credit UnionA5.0 ★Texas Ratio: 11.93%Real return: +6.30%APY minus 3.7% CPIRate verified Oct 23, 2026 High Yield Savings at 10.00% APY, Skyla Federal Credit UnionSkyla Federal Credit UnionA5.0 ★Texas Ratio: 9.56%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 19, 2026 Purpose Savings at 5.00% APY, Ukrainian Federal Credit UnionUkrainian Federal Credit UnionA5.0 ★Texas Ratio: 10.53%Real return: +0.30%APY minus 3.7% CPIRate verified Oct 23, 2026 High Dividend Share Draft at 4.00% APY, Self-Help Credit UnionSelf-Help Credit UnionA5.0 ★Texas Ratio: 6.44%Real return: +0.28%APY minus 3.7% CPIRate verified Oct 22, 2026 IRA Savings Account at 3.98% APY, and Self-Help Federal Credit UnionSelf-Help Federal Credit UnionA+5.0 ★Texas Ratio: 2.49%Real return: +0.28%APY minus 3.7% CPIRate verified Oct 22, 2026 IRA Savings Account at 3.98% APY.
Richland is a smaller community with no bank or credit union branches currently in our database. 75 institutions serving the South Carolina area are available to Richland residents, with savings rates as high as 10.00% APY from Bayer Heritage Federal Credit Union. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Richland, South Carolina and the surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Savings Rates in Richland, South Carolina & Surrounding Communities
Balance: Up to $1000.00
Balance: $0.00 - $1,000.00
Qualifications Required; Qualifying balance up to $25,000.00; Non-qualifying rate 0.00% APY; Rates effective 3/25/26
Balance: $1,000.01 - $10,000.00
Effective Date: October 1, 2026
Effective Date: October 1, 2026
- Oct 22, 20263.98%▲ from 3.72%
- Sep 14, 20263.72%first recorded
Balance: $5,000 and over
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
Qualifications Required; Balance: $0.01; APY applies to balances up to $25,000; balances above $25,000 earn the top-tier main share savings rate; if VIP Checking criteria is not met, rate earned will be the bottom tier main share savings rate
Requires PayBack Savings qualifications; Min. balance to earn APY: $500,000
Qualifications Required; Balance: $500,000 and over; If qualifications are not met, the rate reverts to the Prime Share rate
Premium Rate = 3.400%; Balance: Up to $25,000
Qualifications Required; Qualifying balance up to $25,000.00; Requires an active Truliant checking account; Premium rate applied to first two statement cycles automatically; $1,000 average monthly balance avoids service fee
- Oct 2, 20263.40%▲ from 3.20%
- Sep 18, 20263.20%first recorded
Balance: $25,000 or more; Rate for new savings customers only; requires $25,000 within 30 days; Bay Area CA counties only
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 2026
Requires PayBack Savings qualifications; Min. balance to earn APY: $250,000
Qualifications Required; Balance: $250,000 and over; If qualifications are not met, the rate reverts to the Prime Share rate
Balance: $100 - $100,000
- Sep 21, 20263.20%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Qualifications Required; Balance up to $50,000; Open account with as little as $100; One account per customer; No minimum balance required; No NSF fees; If qualifications not met, the entire balance earns 0.25% APY (not extracted)
- Sep 19, 20263.05%▲ from 0.25%
- Sep 7, 20260.25%first recorded
Balance: $100,000 and over
Dividends compounded and credited monthly; dividend period monthly; dividend rates may change after the account is opened
Term: 3; Dividend rates effective April 1, 2026 through June 30, 2026
Term: 3; Dividend rates effective April 1, 2026 through June 30, 2026
Term: 3; Dividend rates effective April 1, 2026 through June 30, 2026
Requires PayBack Savings qualifications; Min. balance to earn APY: $100,000
Qualifications Required; Balance: $100,000 and over; If qualifications are not met, the rate reverts to the Prime Share rate
Balance: $5,000.00 - $2,000,000.99; Huntington Relationship Savings Account; APY range 2.40%-4.00% and rate range 2.38%-3.94% based on zip code; variable rate; minimum $5,000 new money to open
Balance: $50,000 - $99,999
Requires PayBack Savings qualifications; Min. balance to earn APY: $20,000
Qualifications Required; Balance: $20,000 and over; If qualifications are not met, the rate reverts to the Prime Share rate
Balance: $1,000,000 and over; Savings & IRA
Balance: $10,000 - $49,999
Minimum $2,500 to open account
Balance: $500,000 - $999,999; Savings & IRA
Balance: $2,500 - $9,999
- Oct 22, 20261.77%▲ from 0.50%
- Sep 14, 20260.50%first recorded
Balance: $250,000 - $499,999; Savings & IRA
Balance: $100,000 - $249,999; Savings & IRA
Balance: $100 - $2,499
Balance: $50,000 and over; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $5,000.00 and above Quarterly Minimum Balance; Minimum Balance column: 25.00 (required to retain membership); Term: 3; Dividend rates effective April 1, 2026 through June 30, 2026
Balance: over $250; Minimum Balance to Earn APY: $250; Minimum Balance to Avoid Fees: $250
Balance: $25,000 - $49,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Ages: 18-25; Balance: $0.01 - $1,000.00; Effective Date: December 30, 2025
Balance: $10,000 - $24,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: under $25,000; with monthly deposit of $100 or more
Balance: $2,500 - $9,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Non-Premium Rate = 1.000%; Balance: Above $25,000
- Oct 20, 20261.00%▼ from 3.40%
- Oct 14, 20263.40%first recorded
Requires PayBack Savings qualifications; Min. balance to earn APY: $0
Qualifications Required; Balance: $0 and over; If qualifications are not met, the rate reverts to the Prime Share rate
Balance: $2,000+; Minimum balance to avoid fee: $0
Balance: $100 - $4,999
Health Savings
Balance: under $25,000
Balance: $10,000.00 and over; a daily collected balance of $10,000 must be maintained to obtain the yield; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Interest compounded and credited quarterly
Over $10,000; Transaction limits: Limited
Balance: Less than $1,500
Balance: All Balances
- Sep 24, 20260.35%▲ from 0.25%
- Sep 14, 20260.25%first recorded
Over $10,000; Balance: $10,000 required to earn APY; Transaction Limits: Limited
- Oct 20, 20260.30%▼ from 0.35%
- Sep 14, 20260.35%first recorded
Balance: $250 daily balance avoids $5 quarterly service charge; Interest compounded daily and posted quarterly; APY effective 9/28/26, variable and subject to change; Quarterly service charge refunded when linked to Essential Checking or Advantage Checking
Interest Rate 0.25% printed with APY label; interest accrues daily and is paid quarterly; rates effective as of 9/17/2026; Minimum balance to earn interest is $100
Balance: under $25,000
Balance: under $5,000
Balance: up to $250,000
Balance: $0.00 - $9,999.99; Tiered rate: 0.20% if daily collected balance is less than $10,000; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Interest compounded and credited quarterly
Under $10,000; Transaction limits: Limited
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Richland, SC Savings Rate Trends
Compare local Richland, SC savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
South Carolina high-yield savings rates fell 0.152 points over the past 7 days to 1.950% APY, down from 2.103%.
South Carolina standard savings rates fell 0.034 points over the past 7 days to 0.257% APY, down from 0.291%.
Richland, South Carolina Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current SC high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current SC high-yield savings average of 1.950% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Richland, South Carolina.
Savings Account Earnings in Richland, South Carolina
Annual interest earnings at current SC average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.950% APY) | Monthly Earnings | Standard Savings (0.257% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $97.51 / year | $8.13 | $12.83 / year | $1.07 |
| $10,000 | $195.01 / year | $16.25 | $25.67 / year | $2.14 |
| $25,000 | $487.53 / year | $40.63 | $64.18 / year | $5.35 |
| $50,000 | $975.05 / year | $81.25 | $128.35 / year | $10.70 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Richland, South Carolina savings rate averages as of October 25, 2026. | ||||
About Our Richland, South Carolina Savings Rate Database
MonitorBankRates tracks savings rate offers from 31 banks and credit unions available to Richland, South Carolina residents via statewide and national offers. No branch locations physically in Richland are currently in our database, but all listed offers are open to Richland depositors. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Bayer Heritage Federal Credit Union offers a savings account at 10.00% APY. Use the rate table above to compare all current offers in Richland, South Carolina.
How to Find the Best Savings Rates in Richland, South Carolina
What to compare when shopping for a savings account in Richland, South Carolina
To find the best savings APYs in Richland, South Carolina, start with credit unions and online-only banks: Richland, South Carolina has 18 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current SC high-yield savings average is 1.950% but top local institutions are offering as high as 10.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Richland, South Carolina high-yield savings rates currently average 1.950% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Richland, South Carolina institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 31 institutions in Richland, South Carolina report savings rates to our database.
- You’re among Richland, South Carolina’s 18.9% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Richland, South Carolina CD rates
- You want check-writing flexibility Richland, South Carolina money market rates
- You need daily transaction access Richland, South Carolina checking rates
South Carolina Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau (state-level data shown; city data not available)
18.9% of residents are 65 or older, in line with the national average of 17.3%. At today’s SC high-yield savings average of 1.950%, saving 10% of the local median salary ($4,152/year) would earn an additional $81 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Richland, South Carolina Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Richland, South Carolina.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current SC Avg APY | 1.950% | 0.257% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Richland, South Carolina averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Richland, South Carolina
At SC’s top rate of 10.00% from Bayer Heritage Federal Credit Union, a $10,000 deposit earns $1,000 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Richland, South Carolina earner is roughly $10,400. At 1.950% APY, saving $870/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsSouth Carolina’s high-yield savings average is 1.950% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Richland, South Carolina earner makes $41,521/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.950% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.950% APY grows to roughly $36,787 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Richland, South Carolina savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Richland, South Carolina directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Richland, South Carolina. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in SC.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Richland, South Carolina
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Richland, South Carolina safe?
How often do savings rates change in Richland, South Carolina?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Richland, South Carolina?
How do I open a savings account in Richland, South Carolina?
Best Savings Rates in Richland, South Carolina
- Bayer Heritage Federal Credit Union
High Yield Savings: 10.00% APY - Skyla Federal Credit Union
Purpose Savings: 5.00% APY - Ukrainian Federal Credit Union
High Dividend Share Draft: 4.00% APY - Self-Help Credit Union
IRA Savings Account: 3.98% APY - Self-Help Federal Credit Union
IRA Savings Account: 3.98% APY
Richland, South Carolina Rates & Resources
