Premier Business Checking
Premier Business Checking is designed for businesses that carry a higher balance and have higher transactional volume. This account features a generous amount of items per month as well as convenient access to your funds.
- 250 free items (debits and deposits) per month
- $250 minimum opening deposit
- $2,500 must be maintained in order to avoid low balance fee
- MasterMoney® Checking Business Card that earns CURewards for signature-based purchases
- Free access to over 25,000 ATMs nationwide through theCO-OP Network
- Free online account management
- Overdraft line of credit available
- Earns dividends on balances of $250 or more
- Higher dividend rates
Business Money Market Sweeps – Simplify your business with the sweeps functionality within iTeller Business. This feature is designed to earn business members a higher rate of return on excess funds. Funds above a predetermined balance will automatically be swept from your Premier Business checking account into a dividend-bearing Business Money Market account*. As necessary, at the discretion of the businesses owner, funds may also be swept back into the Premier Business checking account.
*Regulation D transaction limitations apply for sweeps from the Business Money Market back to the Premier Business Checking.
| PREMIER BUSINESS CHECKING | |
| Minimums: | Opening Deposit $250.00 |
| Balance to avoid low balance fee $2,500.00 | |
| Balance to earn dividends $250.00 | |
| Fees: | Low Balance fee $10.00 |
| Per item (debit and deposit) fee over 250 items: $0.25 | |
| Monthly Account Fee $10.00 | |
Tiered Rates for Premier Business Checking
| Balance | APY** |
| 0 - 249.99 | 0.00% |
| 250.00 - 4,999.99 | 0.20% |
| 5,000.00 - 24,999.99 | 0.90% |
| 25,000.00 - 49,999.99 | 1.10% |
| 50,000.00 - 99,999.99 | 1.30% |
| 100,000 or more | 1.40% |
** 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 October 24, 2008, and may change after account is opened.
