Individual Retirement Accounts (IRAs)
Personal Savings
At SC Telco, we have a variety of savings products to help our members in Greenville, Spartanburg, Taylors, Columbia, and Easley reach their financial goals, whatever those goals happen to be. We offer traditional savings accounts, money market accounts, IRAs for long-term retirement savings, short-term savings accounts for special purchases, and everything in between. We also run exciting savings promotions throughout the year, so we encourage you to check back often or drop by your local branch to see how we can help you build a brighter future.
Savings Accounts from SC Telco
Your membership with SC Telco is activated with your first deposit into your primary savings account. These accounts earn monthly dividends, and allow for several monthly withdrawals with no fee.* See one of our financial experts today to get your membership started.
New standards and rules for IRAs, such as higher Roth IRA income limits and expanded access to the Saver’s Credit, have made them a more attractive option to help you save. SC Telco offers all types of IRAs, including Traditional, Roth and Coverdell Education Savings Accounts.
These accounts combine the safety of term certificate accounts with the flexibility of personal checking accounts. Plus, you’ll have the potential to earn greater interest. Our money market accounts have a minimum balance of just $500.
Want to save up for something special? These are the accounts for you. Through payroll deduction, auto transfer, or in branch deposits, you can save the money you need to plan your dream vacation. With either of these accounts, you will earn competitive monthly dividends.**
Check out our great rates on all kinds of savings accounts, money market accounts, and IRAs.
*SC Telco Savings Accounts earn dividends on balances of $250 or more. Three (3) monthly withdrawals are available at no charge. Any additional withdrawals are $5.00 each.
**Withdrawals can be made on the Christmas Club account, however there is a $10 early withdrawal fee for each withdrawal. The Vacation Club account allows two (2) free withdrawals per year. Each additional withdrawal from the Vacation Club account is $10 each.
SC Telco is not for profit; we’re for service.
