SCU Credit Cards
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SAVINGS ACCOUNT
Installment Saving
Installment Saving
what
Offers business members the means of saving and setting aside funds for a specified purpose
who
Business Members
perod
6 months ~ 5 years
Registration Deposit
C$10 or more contributions on a monthly basis
Overview
This account offers our business members a safe way to save and earn simple interest on their savings. Through this product, members set their specific financial goal and work towards it.
Features
Members are able to design their savings plan specific to their needs by choosing their contribution values, payment dates, and installment periods.
Interest
The interest rate is set-up at account opening and is only paid when the installment is maintained until maturity.
Withdrawing Funds
Interest earned on your investment is not paid if funds are withdrawn before the maturity date. Upon maturity, the agreed interest rate is terminated.
Deposit Security
At Sharons Credit Union, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia.
Features and Benefits
Become a member
You’re more than a customer, you’re a member.
