Thursday, March 4, 2010

MY Whatever Savings from SC Federal Credit Union


For those of you 18-25 year olds who have not heard about South Carolina Federal Credit Union's MY Whatever Savings account you are missing out on a great idea. It is a savings account that allows you to save up for items of your choosing. You can call the account whatever your creative little mind can come up with. Some good examples I came up with are MY Pony Fund, MY Trip to See Where Elvis Was Born Fund, or MY Egyptian Cotton Sheets Fund. Basically, whatever you want to save for can have its own convenient account AND you can open up to five at the same time.

There is no minimum balance required. SC Federal Credit Union pays quarterly dividends on the average daily balance. But wait...there's more. They pay an even higher dividend rate on balances up to $1,000!

The cool thing is that you only have to deposit as much or as little money as you want when you want. You can also easily transfer money into this account online at any time.

This is just one of the innovative things that SC Federal Credit Union is offering. You can check out all that they have to offer at https://www.scfederal.org/home/home .

Also, here are some of the Financial Education Seminars that they are offering over the next month. (They're free....and free is SWEET!)

* Be Your Own Boss - A Financial Guide to Small Business Ownership - Tuesday, March 9th... 12:00 p.m. to 1:30 p.m. at 68 Calhoun St (Downtown Charleston).

* Be Your Own Boss - A Financial Guide to Small Business Ownership - Thursday, March 11th... 6:00 p.m. to 7:30 p.m. at 68 Calhoun St (Downtown Charleston).

* Reverse Mortgages - Tuesday, March 16th... 12:00 p.m. to 1:30 p.m. at 68 Calhoun St (Downtown Charleston).

* Reverse Mortgages - Thursday, March 18th... 6:00 p.m. to 7:30 p.m. at 2261 Otranto Road (North Charleston).

* Understanding IRAs and New Roth Rules for 2010 - Thursday, March 18th... 6:00 p.m. to 7:30 p.m. at 6265 Rivers Ave (North Charleston).

* Understanding IRAs and New Roth Rules for 2010 - Thursday, March 25th... 6:00 p.m. to 7:30 p.m. at 1251 North Fraser St (Georgetown)

* Signs of Recovery - Tuesday, March 30th... 6:00 p.m. to 7:30 p.m. at 1174 Boulevard St NE (Orangeburg)

Don't just learn about banking when you have to...do it NOW and feel smarter later.

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