
Security Federal Bank is a community development financial institution (CDFI) with 19 branches and 22 ATMs in South Carolina and Georgia. The bank caters to residents who prefer banking with a local brick-and-mortar institution over a national bank.
One of Security Federal Bank's standout products is its checking account, which offers free checking and the potential to waive monthly service fees. Additionally, the bank provides high-interest rates on CDs compared to other traditional banks.