Your money can be ready right when you need it.
Successful businesses are forward-looking, with plans in the pipeline for the next quarter, the next year and further into the future. Business Share Certificates come in a wide range of savings periods, allowing you to match your planning and investment cycles so that earnings are available when it is time to take action.
- Minimum deposit of $500.
- Choose Share Certificates ranging from 3 months to 5 years.
- Share Certificates pay higher dividend rates than most standard business savings accounts.
- In general, longer term certificates pay even higher rates.
- Our 36-month Step-Up option lets you move to a higher dividend rate should rates rise during your Certificate term.
- Earn even higher rates with Jumbo Share Certificates when you have over $50,000 more to invest.
South Carolina Federal Credit Union is a member-owned financial institution headquartered in Charleston, SC, with financial centers throughout the state.
All business entities will be required to provide information and documentation for the controlling party and for all owners of the business. A controlling party is an individual with significant responsibility for managing the legal entity.
Information required:
- Full name
- Address
- Date of birth
- Social Security Number
- Phone number
- Driver’s license number
- Driver’s license state
- Percentage of ownership, if applicable
- Primary occupation, if also an owner of the business
If the controlling party is not present at account opening, please provide a copy of their driver’s license or other ID card. If you have any questions, please contact us.
| Type of Entity | Forms of Identification |
| Sole Proprietorship |
Current picture ID and one of the following:
|
| Partnership |
Current picture ID and two of the following:
|
| Corporation or LLC |
Current picture ID and two of the following:
|
| Organization or Association |
Current picture ID and two of the following:
|
We offer certificates, available on business accounts:
-
Regular certificates are opened with a minimum of $500.
-
Jumbo certificates are opened with a minimum of $50,000.
-
Terms range from 3 months to 60 months.
-
Rates are subject to change at any time and vary based on your balance and term.
To open a certificate now, visit a local financial center or Contact Us.
What we offer:
-
Transaction history to include; balances, deposits, cleared checks or dividends.
-
Transfer funds between accounts.
-
Make loan payment.
-
Account research.
-
Stop Payments.
-
Multiple users within a company to have assigned levels of access and authority.
-
Initiate wire transfers.
-
ACH capability for Business Members who qualify (Direct debit/credit to other accounts).
-
Scheduled transfers.
-
Quicken and Quick Books compatibility.
-
Pay Bills.
