Small Business Services
Savings Accounts
Business savings accounts are available to help maximize your earnings on liquid funds. For more information, or to open your account, call or visit a Member Service Representative today.
Share Savings - To begin utilizing the benefits of Palmetto Citizens, simply open a share account with as little as $25. This deposit maintains your business’ credit union membership and provides access to a variety of products and services.
Term Certificates - Available from 3 to 60 month terms, all require only a $500 minimum balance with higher balances yielding higher rates. For our current rates, click here.
Money Market Accounts* - This is an ideal way to invest money without tying it up for a set term. Earn a higher rate than most savings accounts and dividends are paid monthly. Open your account today with as little as $2000; higher balances yield higher rates.
Premium Sweep Account - Designed to earn business members higher interest, money above a pre-determined balance will be swept from your checking account into an interest bearing Premium Sweep Money Market Account.* As necessary, funds are swept back into the checking account based upon your pre-determined balance.
Health Savings Accounts - A Health Savings Account (HSA) can reduce health care insurance cost for employers and employees. Paired with a high-deductible health plan, it is a tax-advantaged** savings plan that allows the account holder and/or employer to put in pre-taxed money to use for qualified medical expenses. There is no minimum balance to establish, no service charges are imposed and dividends are paid monthly. Checks and a debit card are issued for easy and convenient access.
To open and contribute to an HSA, the account holder must have coverage under an HSA-qualified High Deductible Health Plan. Contact your plan's provider to see if you qualify.
*Six (6) withdrawals and eight (8) deposits (excluding sweep transfers) allowed per month. $2,000 minimum balance should be maintained to avoid service charges. **Not intended as tax advice; consult your tax advisor.