Westminster is located in the northwestern most corner of South Carolina in Oconee County which is often referred to as the ‘Golden Corner.’   The name is given because of the climate, the beautiful lakes and the beauty of its Blue Ridge Mountains.  Resting in the foothills of the Appalachian Mountains, Westminster is close to Lakes Hartwell, Jocassee, and Keowee which all offer plenty of recreation including; biking, horseback riding, boating, whitewater rafting, paddling, hiking, camping, golfing and fishing.  Unfortunately, recreation and fishing isn’t going to make any money unless you have deposited your hard earned dollars into a safe and secure high yielding bank CD.

Bank of Westminster may just be the bank to hold that CD.  Bank of Westminster has been FDIC insured since June 28, 1935.  Bank of Westminster is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has one bank branch in Westminster, South Carolina.  At the end of September 2008, the bank had assets of $30,478,000.  For the first 9 months of 2008 the bank incurred a loss of $103,000.

Bank of Westminster has a wide selection of savings and financing options with reasonable terms and great options.  The bank certificates of deposit (CDs) are an excellent tool for managing savings.  With a bank CD, an account holder maximize their interest rate and enjoy the security of FDIC Insurance.

1 month CD has an interest rate of 1.00% APY
3 month CD rate is 1.51% APY
6 month CD earns an interest rate of 2.32% APY
1 year CD rate is 2.78% APY
18 month CD yields an interest rate of 2.84% APY
2 year CD rate is also at 2.84% APY
30 month earns an interest rate of 2.94% APY
3 year CD rate is 2.84% APY
4 year CD rate is also set at 2.84% APY
5 year CD has an interest rate of 2.94% APY

Bank CD rates are subject to change at any given time.  Contact the bank for the most current CD rates at 864-647-5487.  The bank web site contains data on various bank products and services as well as CD rates, savings rates, money market rates and checking account rates.  The bank web site is located at www.bankofwestminster.com.

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