Grow your savings with higher rates and total confidence.
Tiered dividends
Bigger balances can take your earning power to higher levels.
No time commitment
Start earning money on Day One and make withdrawals as you wish.
Convenient access
Make use of your Money Market funds through special checks, and digital banking tools.
Total security
The National Credit Union Administration insures all deposits up to $250,000.

Put your money in position to work even harder with higher yields.

There are countless saving strategies and investment tools available, but you may prefer to keep it safe and simple. Our Money Markets out-earn traditional savings accounts, provide fast access to funds, and come with assurances that your funds are always secure.
  • Make unlimited deposits.
  • Begin earning dividends on balances of $1,000 or more.
From To Dividend Rate Annual Percentage Yield1
$1,000.00 $9,999.990.05%0.05%
$10,000.00$24,999.990.10%0.10%
$25,000.00$49,999.990.15%0.15%
$50,000.00 $99,999.990.25%0.25%
$100,000.00$249,999.990.50%0.50%
$250,000.00$499,999.991.00%1.00%
$500,000.00$999,999.991.24%1.25%
$1,000,000.00or more2.96%3.00%
Frequently
asked questions
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Things to keep in mind as you begin the application process:

It will take about 10 minutes to open and fund your new account. What you will need:
  • A valid driver's license
  • Previous home address (if you have lived at your home address for less than two years)
  • U.S. Social Security Number or ITIN
  • U.S. checking account or credit/debit card to fund the account
  • 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), Business, Teen accounts and Kids Savings accounts. Please visit a local financial center or Contact Us for assistance with these accounts.2

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If you wish to close your account, we ask that you visit a local financial center or Contact Us.

Please be advised, your account cannot be closed if you have an open credit card and/or loan with a balance. If the credit card and/or loan are paid in full, but still open, you will still need to sign documents to close those accounts.

South Carolina Federal designs its products and services to stay one step ahead of members’ needs. If you plan to close your account due to relocation, please keep in mind that we offer 24/7 access to your accounts via Online Banking, Phone Banking, Mobile Banking, Text Banking and mobile apps.
Managing your money made easy.
Simplify money management with flexible checking features that fit your lifestyle.