Business Savings Accounts
South Carolina Federal Credit Union Offers:
- Business Savings is a flexible, convenient and secure account
- Business Money Market with competitive tiered dividend rates, convenient access to funds and low minimum deposit
- Share Certificates carrying high dividends and various term lengths
COMPARISON CHART
| Business Savings | Business Money Market |
Share Certificates |
|
Low balance requirements and easy access to your funds gives you convenience in your business savings account. Its simple structure provides you with convenience and security.
|
Business Money Market lets you get a higher return on your cash. The more money you save, the greater the dividend rates reward. It allows six withdrawals per month to give you access to your funds, and has a low minimum deposit.
|
South Carolina Federal Share Certificates enable your business to enhance its saving power. These Certificates offer high dividends and flexible term lengths. |
| BUSINESS SAVINGS | |
| Minimums: | Opening Deposit-$10.00 |
| Balance- $5.00/$100 to avoid fee* | |
| Fees: | |
| $1.00 excessive withdrawal fee (after third withdrawal per month) | |
| $3.00 low balance fee if average daily balance is below $100 at any time during statement cycle* | |
| * Fee does not apply if a checking, certificate, or loan exists. | |
| BUSINESS MONEY MARKET | |
| Minimums: | Opening Deposit-$1,000.00 |
| Balance to avoid low balance fee- $1,000.00 | |
| Balance to earn dividends- $150.00 | |
| Fees: | Low Balance fee $10.00 |
| Excessive Withdrawal Fee $10.00 | |
Tiered Rates for Business Money Market
| Balance | APY* |
| 0 - 149.99 | N/A |
| 150.00 - 999.99 | N/A |
| 1,000.00 - 4,999.99 | 0.05% APY |
| 5,000.00 - 9,999.99 | 0.10% APY |
| 10,000.00 - 24,999.99 | 0.15% APY |
| 25,000.00 - 49,999.99 | 0.20% APY |
| 50,000.00 - 99,999.99 | 0.30% APY |
| 100,000.00 or more | 0.40% APY |
* APY - Annual Percentage Yield. APY is the yearly dividend rate and is based on dividends remaining on deposit until maturity. Fees and withdrawals may reduce earnings. Please contact South Carolina Federal for applicable fees and terms. APY is current as of July 24, 2009, and may change after account is opened.
