MY Whatever Savings
Everyone wants to save for something special. You get to choose the name* of this account! Whether it is "MY Car," "MY Studies Abroad," or "MY Gadget Fund" savings. This account will allow you to select what specific event you are saving for. You can have up to five MY Whatever Savings accounts and you decided how often and how much you deposit into each account.
With no minimum balance required, you can start your very own personalized savings account(s) today. Since this account has specific savings purpose, no ATM access is allowed.We pay quarterly dividends on the average daily balance and an even higher dividend rate is awarded on balances up to $1,000!
It's easy to add up your savings! Deposit a little money into your named account each time you get paid or transfer online anytime. You can also schedule an automatic transfer from your other South Carolina Federal checking or savings accounts online or by request.
Look at all MY Whatever Savings offers:
- Offered to members ages 18 to 25
- No minimum balance
- Up to five different MY Savings accounts
- Four free withdrawals per year
- Transfer easily to and from other accounts
- FREE money – earns extra dividends each quarter on balances up to $1,000
| Balance | APY* |
| $0.01 - $1,000.00 | 1.10% |
| $1,000.01 and up | .10% |
- Reg D** limitations apply
* Some restrictions may apply.
** APY is an annual percentage yield which is the effective annual rate of return taking into account the effect of compounding interest.
*** Reg D is a federal regulation that limits this account to six automatic or pre-authorized withdrawals or transfers each month.
