Business

Money market, CD comparisons

Money market, CD comparisons

The rates Monday on selected accounts. Rates are for the minimum deposits, which vary by institution.

MONEY MARKET AND CERTIFICATE-OF-DEPOSIT ACCOUNTS

			BASE	6-MONTH BANK 			RATE	YIELD	CDS	YIELDAllstate Bank		0.75%	0.75%	2.27%	2.30%BankMeridian		2.96%	3.00%	5.07%	5.20%Carolina First Bank	1.88%	1.90%	2.56%	2.59%Carolina National Bank	1.05%	1.05%	5.23%	5.30%Farm Bureau Bank		3.49%	3.55%	4.73%	4.84%First Reliance Bank	2.23%	2.25%	4.17%	4.25%First South Bank		4.41%	4.50%	5.25%	5.25%MetLife Bank		4.40%	4.40%	4.40%	4.40%State Farm Bank		1.64%	1.65%	4.88%	5.00%
MONEY MARKET AND CD ACCOUNTS

CREDIT UNION
AllSouth FCU		2.25%	2.27%	4.20%	4.24%Car. Collegiate Federal	0.80%	0.80%	2.98%	3.00%Heritage Trust FCU		1.24%	1.25%	3.48%	3.55%Palmetto Citizens FCU	2.35%	2.38%	4.21%	4.28%Palmetto Health CU		3.75%	3.80%	4.00%	4.04%Palmetto Trust FCU		1.69%	1.70%	4.18%	4.25%SAFE FCU			2.13%	2.15%	4.21%	4.30%S.C. Federal		1.24%	1.25%	4.67%	4.75%S.C. MembersFirst FCU	2.00%	2.02%	5.05%	5.11%S.C. Telco FCU		2.47%	2.50%	3.08%	3.10%State Credit Union		2.35%	2.38%	4.05%	4.09%
MONEY MARKET AND SIX-MONTH CD ACCOUNTS

Seven-day average yields
				BASE	6-MONTHINVESTMENT COMPANY 		RATE 	CDS	YIELDAnderson & Strudwick		4.74%	5.05%	5.05%A.G. Edwards Money Market Fund	4.71%	5.10%	5.10%Dreyfus Liquid Assets		4.69%	N/A	N/AEdward Jones Investments		4.54%	5.00%	5.00%First Allied Securities		4.57%	5.20%	5.20%John Hancock Money Market Fund	4.37%	N/A	N/AMerrill Lynch Ready Assets		4.73%	4.86%	4.86%UBS Financial Services		4.76%	5.27%	5.27%Waddell and Reed Adv. Fund		4.60%	N/A	N/A

NOTE: Yields represent the effective annual return if money is left on deposit for one year at the base rate. Different funds and accounts use different methods of rate compounding and pay interest and dividends on different schedules. In addition, some banks and savings and loans pay different rates in different cities. Check with officials at each institution for details.

  Comments