Business Savings
As your business grows, your need for savings will too.
Your business needs a safe and reliable place to store and build your savings. With 100% deposit insurance and local expertise, we can help you find the right fit for your business' goals and needs.
Why Business Savings?
Get a financial backup plan in place
Save up to reinvest back into your business
Enjoy earning interest on your money
Establishing your company’s membership with SCU Credit Union is easy. Simply open a business Share savings account.
Don't need your savings right away? Consider putting them into a CD to lock in your interest and earn guaranteed returns on your savings.
Highlights
- Fixed interest rates
- Wide range of terms to choose from to fit your goals and needs
For those with higher savings balances, this account is a great way to compound savings with competitive rates.
Highlights
- Deposit or withdraw funds at any time without any penalty
Help your employees save for retirement!
- Allows employees employees to contribute to Traditional IRAs set up for employees
- Any sized business can establish an SEP - this includes self-employed businesses
Your money is 100% safe. 100% insured.
SCU Credit Union is insured by both the National Credit Union Association (NCUA) and Massachusetts Shared Insured Corporation (MSIC). Your money is 100% insured regardless of the amount at SCU Credit Union. MSIC provides Excess Share and Deposit Insurance to all members of SCU Credit Union automatically. The coverage is a benefit of membership and comes at no direct cost to you. MSIC insures the portion of any legal, verifiable share or deposit account that exceeds NCUSIF coverage with no limit.