Starting with a promotional certificate of deposit that has an interest rate of 3.00% APY for an 11 month term, Seneca National Bank has broad assortment of CD rates and savings vehicles to choose from.  The bank is a locally owned and operated financial institution that was founded in 1999.  Seneca National Bank is chartered as a National Bank and the primary regulator is the Office of the Comptroller of the Currency.  The bank has one office in Seneca, South Carolina with total assets as of September 2008 of $69,408,000.

The bank offers a full range of consumer and commercial banking products including checking accounts, savings accounts, business, consumer and home equity loans, construction loans, residential mortgages, investment services and so much more.

Peoples Bancorporation, Inc., is the parent company of Seneca National Bank along with The Peoples National Bank and Bank of Anderson.  Together, these banks provide a variety of financial services and products to consumers and local businesses in Pickens, Anderson and Oconee counties of South Carolina.

Along with the promotional CD rates, the bank offers the following standard CD rates and terms:

1 month CD has an interest rate of .75% APY
3 month CD rate is 1.05% APY
6 month CD yields an interest rate of 2.01% APY
1 year CD rate is 2.75% APY
18 month CD also has an interest rate 2.75% APY
2 year CD rate is also 2.75% APY
30 month CD earns an interest rate of 2.75% APY as well
3 year CD rate is 3.00% APY

The CD APYs refers to annual percentage yield; these CDs APY’s are based on monthly compounding.  CD rates of return assume reinvestment of interest earned at the stated rate.  CD rates are accurate as of 2/5/09 and are subject to change without notice.  Current bank CD rates can be found by contacting the bank at 864-888-2265.  The bank web site posts CD rates, checking rates and savings rates and can be located at www.senecanb.com.

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