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The Foundation salutes the financial institutions listed below for offering IOLTA accounts to attorney customers. The partnership between legal and financial professionals enables the Bar Foundation to provide critical funding to support law related grants. Banks are divided into tiers based on cumulative balances and then ranked by the yields received on IOLTA accounts for the period June 2008. Tier 1 (Cumulative balances of more than $50,000,000) 0.90% and above Bank of America* Branch Banking & Trust Co.
0.75% and below First Citizens Bank Wachovia Bank of South Carolina, NA**
*Bank of America pays 50% of the Federal Funds Rate on all accounts. **Wachovia pays 50% of the Federal Funds Rate on high balance accounts.
Tier 2 (Cumulative balances of $10,000,000 – $49,999,999) 1.10% and above Regions Bank
0.50% and below Carolina First Bank Conway National Bank First Federal of Charleston NBSC South Carolina Bank & Trust Sun Trust Bank
Tier 3 (Cumulative balances of $5,000,000 to $9,999,999) 0.25% and above Arthur State Bank Bank of South Carolina Beach First National Bank Community South Bank and Trust Horry County State Bank Palmetto State Bank
0.24% and below CoastalStates Bank First Community Bank First National Bank of the South First Reliance Bank South Carolina Bank & Trust of the Piedmont
Tier 4 (Cumulative balances of $1,000,000 - $4,999,999) 1.00% to 2.00% Capital Bank First National Bank of South Carolina RBC Centura Bank
0.50% to 0.99% Atlantic Community Bank Bank of Clarendon Bank of Walterboro BankMeridian Enterprise Bank of South Carolina Exchange Bank of South Carolina Plantation Federal Bank, Inc. Tidelands Bank
0.25% to 0.49% Anderson Brothers Bank Atlantic Bank & Trust Carolina Alliance Bank Carolina Bank & Trust Community First Bank of Charleston Community Resource Bank Crescent Bank Greer State Bank Liberty Savings Bank FSB
0.24% and below Ameris Bank Clover Community Bank Congaree State Bank Countybank First Palmetto Savings Bank First Savers Bank Grandsouth Bank Greenville First Bank Harbor National Bank Heritage Community Bank Lowcountry National Bank Palmetto Bank Peoples National Bank Security Federal Bank Southcoast Community Bank Southern Bank & Trust
Tier 5 (Cumulative balances of $1 - $999,999) 1.00% to 1.45% Cornerstone National Bank First Federal of South Carolina Sandhills Bank South Carolina Community Bank
0.50% to 0.99% Abbeville Savings & Loan Bank of Greeleyville Bank of York BankGreenville Carolina Federal Savings Bank Darlington County Bank Farmers & Merchants Bank First Capital Bank Oconee Federal Savings & Loan Association The Peoples Bank Pinnacle Bank of SC South Atlantic Bank Williamsburg First National
0.25% to 0.49% Allendale County Bank Bank of Travelers Rest The Citizens Bank First South Bank Independence National Bank Palmetto Heritage Bank & Trust Savannah River Banking Company VistaBank Woodlands Bank
0.24% and below American Community Bank Bank of Anderson Community First Bank of Walhalla First Bank First Piedmont Bank Pee Dee Federal Savings Bank Pickens Savings & Loan Association Provident Community Bank Seneca National Bank Waccamaw Bank
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