IRA Certificates

Get ready for your golden years with a secure savings strategy.
Higher rates
IRA Certificates earn higher dividends than most savings accounts.
Take your choice
Lock in dividend rates for 3 months, 60 months, or some period in between.
Enjoy tax benefits
Traditional and Roth IRAs' advantages can stretch your retirement dollars further.
Step up and save more
A 36-month step-up option lets you move to a higher dividend rate once during your Certificate term.

Tax benefits can help stretch your retirement dollars.

You have worked hard throughout your life to make it to retirement. When it comes to saving for your retirement, you deserve an account that will work hard for you. With South Carolina Federal Credit Union IRA Certificates, you can confidently build your nest egg with the help of higher dividend returns, tax advantages, and federal insurance that protects your hard-earned savings.

  • Contribute up to $7,000 annually in your IRA ($7,500 if over age 50).
  • Both Traditional or Roth IRAs can include IRA Certificates.
  • With Roth IRAs, qualified withdrawals may be tax exempt.
  • With both Traditional and Roth IRAs, dividends may be tax exempt.
  • With Traditional IRAs, you may be able to take a tax deduction for any year you make a contribution.
  • Deposits up to $250,000 are insured by the National Credit Union Administration.
  • With $50,000 in your IRA Savings*, you can open a Jumbo IRA Certificate.
Effective Date: November 19, 2024
Term Dividend Rate Annual Percentage Yield1
3 Months1.49%1.50%
6 Months1.83%1.85%
12 Months2.23%2.25%
18 Months2.28%2.30%
24 Months2.47%2.50%
36 Months2.72%2.75%
36 Months Step-Up2.62%2.65%
60 Months3.93%4.00%
Frequently
asked questions
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You can open an account by visiting a financial center, calling (800) 845-0432, or online.

To view Checking account options and learn more, click here. 
To view Savings account options and learn more, click here. 

Required documents:
  • A valid driver's license or government-issued photo ID
  • U.S. Social Security Number
  • Credit/debit card to fund the account 
  • Make an Appointment and What to Bring Information
For online account opening, you must be a U.S. citizen or a U.S. resident alien.

The following accounts require personal attention, specific documentation and are not opened online: Trust, Individual Retirement Accounts (IRAs), estate accounts, business accounts, teen accounts and Kids Savings accounts. Please visit a financial center for assistance with these accounts. 

 
  • You can locate your account number by clicking on the eye icon within Online or Mobile Banking.1
  • If you have checks for your account, your account number is the second string of characters printed on the bottom of your checks:

    Check Sample

  • You can also view your account number on your membership card that you received when you opened your account.
To sign up for Online Banking, click on "Login" at the top of the screen, then click on "First Time User," and follow the prompts.

To sign up for Mobile Banking, download the app from the App Store or Google Play by searching for "South Carolina Federal Credit Union." If you already have an Online Banking User ID and password, you can use it to log in. Or, click on "enroll now" to establish a User ID and password.
 
If you have registered for Online Banking1, you are automatically enrolled in eStatements.
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Managing your money made easy.
Simplify money management with flexible checking features that fit your lifestyle.
Checking Accounts
*

Transaction limits apply.

1
$500.00 minimum balance required to earn the APY. Fees and withdrawals may reduce earnings on account. Subject to penalty for early withdrawal.