Historical Newspapers of South Carolina

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The Newberry Sun, Newberry, S. C., Thursday, February 5,197ft—PAGE 5 SCN announces higher interest rates. New SCN interest rates are the highest the law allows. And each depositor is insured up to $20,000by the Federal Deposit Insurance Corporation. 4 1 / 2 % Regular Passbook Savings. Deposit any amount, any time. 5 1 / 2 % Certificates of Deposit. With minimum deposit of $500. Select your maturity from 1 to 2 years. Interest compounded or paid quarterly. Effective annual yield of 5.61%. 5%% Certificates of Deposit. With minimum deposit of $500. Select your maturity from 2 to 3 years. ' Interest compounded or paid quarterly. Effective annual yield of 5.87%. 7 1 / 2 % Certificates of Deposit. With minimum deposit of $100,000. With maturity over 1 year. Interest compounded or paid quarterly. Effective annual yield of 7.71%. Other rates available as follows: 7% 180-364 days 6 3/4% 90-179 days 6 1/2% 60- 89 days 6 1/4% 30- 59 days South Carolina National Bank Member F.D.I.C.