Savings Accounts

Saving now will help you achieve your dreams later. Since we are a not-for-profit credit union, we can return earnings back to our members in the form of higher savings rates.

Account Options

If you would like to become a Palmetto Citizens member, in addition to visiting one of our offices, you can also begin your membership application online to open your initial savings account. Once your membership and savings account are opened, you can open any additional accounts, apply for a loan(s) or take advantage of the other benefits of membership.

If you're already a member, you can open many of the accounts below by logging into online banking (website version only) and selecting 'Open New Account' from the menu, calling 803-732-5000 or by sending a message through the Help Desk in online/mobile banking.

Share Savings - To join Palmetto Citizens, open a share account with as little as $25. Additional savings accounts can be opened and require no minimum balance. Dividends are paid quarterly on balances of $100 or greater.

Term Certificates - Available from 3 to 84-month terms, our competitive rate term certificates only require a $500 minimum balance. Higher balances yield higher rates.

  • Add-To 12 Month Term Certificate - Make additional deposits of any amount during the term. Members of our youth or teen clubs can open this certificate with as little as $100.
  • Step Up 24 Month Term Certificate - If rates increase, you can request a one time adjustment to the higher rate any time during the term.
  • Save to Win Account - With this special 12-month term certificate, you earn entries into exclusive monthly and quarterly cash prize drawings and the account can be opened with as little as $25.

Money Market Accounts - This is an ideal way to invest your money without tying it up for a set term. You earn a higher rate than most savings accounts with dividends paid monthly. Open your account with as little as $2,000; higher balances yield higher rates.

Individual Retirement Accounts - Secure a plan for your retirement and take advantage of the tax savings* with an IRA from Palmetto Citizens.

Christmas Club - Deposit funds directly into the account to make saving easy. There is no minimum balance and dividends are paid quarterly. Funds are deposited into the account of your choice in early November, just in time for your holiday shopping.

Health Savings Accounts - This tax-advantaged* savings plan lets you put in pre-taxed money to use for qualified medical expenses. There is no minimum balance, no service charges and dividends are paid monthly. A HSA-qualified High Deductible Health Plan is required. Contact your plan's provider to see if you qualify.

Savings Round-Up - Once you are enrolled in this free program your debit or ATM card transactions will automatically be rounded up to the nearest dollar, with the difference transferred daily into your savings account.

Youth Savings Accounts - Teach your child the importance of savings with our special accounts for younger members.

Education Savings Accounts - A Coverdell ESA allows you to save up to $2,000 per eligible child per year, and earnings grow tax-free if distributions are used for qualified education expenses (tuition, books, supplies, etc.) at most schools.

*Consult your tax advisor.