Limited Time Offer

Business Savings Offer | Earn 4.00% for 4 months

Offer ends December 30, 2026

For a limited time, earn 4.00% for 4 months on new funds deposited to SCU, up to $5 million, when you open a Promotional PLAN 24 ^® Savings Account.

Available to new and existing SCU Business, Agriculture, Charity, and Community members.

Reach your saving goals faster with our highest interest rate.

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A great rate is only the beginning
Put your business savings to work while keeping your money accessible. With a Promotional PLAN 24 Savings Account, you get flexibility plus the business expertise and support that comes with banking at SCU.

Offer summary

Here’s what you need to know

Earn 4.00% for 4 months on new funds deposited, up to $5 million, when you open a Promotional PLAN 24 Savings Account
Balances greater than $5 million earn the standard PLAN 24 Savings Account posted rate
Interest calculated daily and paid on the last day of the month
Enjoy one free monthly withdrawal, then pay fees as you go
Available on Business, Agriculture, Charity and Community Accounts
Limit one promotional account per business entity
After the 4-month promotional period, the account will automatically converts to a standard PLAN 24 Savings Account
New members will be required to deposit a $5 member share when joining SCU
All deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.*

Review full offer details
Make more of your business savings with this limited time offer.

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How to get this rate

Ready to earn more on your business savings?

Whether you’re already an SCU member or new to us, getting started is simple. Get in touch and we’ll guide you through the next steps.

Step 1: Book an appointment
Book an appointment online, or by calling us at 1.800.728.6440 by December 30, 2026, to meet with an SCU specialist.

Step 2: Open and fund your account
An SCU specialist will help you open your Promotional PLAN 24 Savings Account and deposit funds to your account.
New to SCU? We'll guide you through becoming a member, including making the required $5 member share deposit, and opening your account during your appointment.

Step 3: Earn 4.00% for 4 months
Earn the promotional rate on deposits up to $5 million for 4 months following the date your account was opened.

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Account benefits

Flexible savings for the way your business operates

No minimum balance: Earn interest no matter how much you keep in your account.

Free deposits: Add to your savings anytime without paying a deposit fee.

Flexible access to your funds: Keep your savings accessible without locking your money into a fixed term.

Online and mobile access: Manage your savings through online banking or the SCU mobile app.

100% deposit guarantee: Your deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.*

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Make your accounts work together

Use your business chequing account for everyday transactions, your Promotional PLAN 24 savings account for funds you may need access to in the near term, and GICs for money you can set aside longer term.

Explore business chequing accounts Explore our GICs

Why choose SCU

Business banking with local expertise

At SCU, your business is more than an account. We’re here to support where you are today and where you want to go next.

Local business expertise and decision-making
Work with people who understand the industries and communities you operate in, with decisions made closer to home.

Business solutions that can grow with you
Access everyday banking, savings, GICs, lending, credit cards and merchant payment solutions, all through SCU.

Member-owned
SCU is owned by its members, so our success stays connected to the people and communities we serve.

“Having someone like Steinbach Credit Union is instrumental in our success”

From builder mortgage to cash flow challenges, we worked alongside Macanta Design Inc. to make their success possible.

Business solutions

More ways to support your business

Merchant payment solutions

Make it easier to accept payments and keep your business moving with flexible payment solutions designed for businesses.

Explore merchant payment solutions

Business GICs

Earn a guaranteed return on funds you can set aside, with a range of terms to fit your business savings goals.

Explore Business GICs

Business lending

Access financing to manage cash flow, purchase equipment, expand your operations, or take your next step forward.

Explore business lending

Business credit cards

Choose a card that works for your business, whether you want to earn rewards, get cash back, or keep borrowing costs down.

Explore business credit cards

FAQs

Frequently Asked Questions

What is the Promotional PLAN 24 Savings Account?

The Promotional PLAN 24 Savings Account is a limited-time business, Agriculture, Charity and Community savings account that earns 4.00% for four months on eligible new deposits up to $5 million.

Who is eligible for this offer?

The offer is available to new and existing Business, Agriculture, Charity and Community members who meet the offer requirements.

Can I open more than one Promotional PLAN 24 Savings Account?

The offer is limited to one promotional account per eligible business entity.

I'm not an SCU member. Can I still get this rate?

Yes. Non-members can become SCU members as part of the account-opening process and qualify for this offer. New members are required to deposit a $5 member share when joining SCU.

Why do I need to deposit a $5 member share?

SCU is a credit union, which means members are also our owners. The $5 member share represents your ownership in SCU and is returned to you if you end your membership.

What qualifies as new funds?

New funds are funds brought to SCU from another financial institution. Funds already on deposit with SCU are not eligible for the promotional rate.

Can SCU help me bring funds over from another financial institution?

Yes. An SCU specialist can discuss your options for bringing eligible new funds to SCU and help you get started with your Promotional PLAN 24 Savings Account.

Is there a minimum deposit amount required?

No. There is no minimum deposit amount required to open the account. Interest is earned on eligible new funds deposited into the account.

Can the account be opened before it’s funded?

Yes. The 4-month promotional period begins on the date the account is opened, not when funds are deposited.

How much of my deposit earns the promotional rate?

The promotional rate applies to eligible new deposits up to $5 million. Balances above $5 million earn the standard PLAN 24 posted rate.

How long do I earn the promotional rate?

You earn 4.00% for four months from the date the account is opened.

Can I add more money after opening the account?

Yes. You can add eligible new funds after the account is opened. The promotional rate applies to eligible new funds up to $5 million.

Can I withdraw my money during the promotional period?

Yes. Your funds remain accessible throughout the promotional period. The account includes one free withdrawal per month, after which standard transaction fees apply.

What happens if I close the account before the promotional period ends?

You can close the account at any time. You’ll receive the interest earned on eligible funds up to the date the account is closed.

How is interest calculated?

Interest is calculated daily and paid monthly on the last day of the month.

What happens after the four-month promotional period ends?

Your Promotional PLAN 24 Savings Account automatically converts to a standard PLAN 24 Savings Account.

How many promotional accounts can I open?

The offer is limited to one promotional account per member.

Are my deposits protected?

Yes. All deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba*.

When do I need to open the account to qualify?

The Promotional PLAN 24 Savings Account must be opened by December 30, 2026, subject to the offer terms and conditions.

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terms and conditions

®PLAN 24 is a registered trademark owned by Credit Union Central of Canada, used under license.
*To learn more about the Deposit Guarantee Corporation of Manitoba, visit depositguarantee.mb.ca.

General Terms

Steinbach Credit Union Limited (“SCU”) is offering a 4% interest rate offer (the “Offer”), which is available to new and existing SCU business members, including Business, Agriculture, Charity, and Community members (each a “Business Member”) who:

became or continues to be, an active Business Member by December 30, 2026 at 8:00 P.M. CDT;
are businesses incorporated in or registered (extra-jurisdictionally or otherwise) to do business in Manitoba, and where the individual(s) opening the Account on behalf of the business are Canadian residents and are of the age of majority in their province or territory of residence at the time of Account opening;
open a Business Promotional Plan 24 Account (the “Account”) between October 6, 2026 at 12:01 A.M CDT and December 30, 2026, at 8:00 P.M. CDT (the “Opening Eligibility Period”);
make new deposits into the Account during a four (4) month period after the date of Account opening (the “Offer Period”) up to five million dollars ($5,000,000.00 CAD). For clarity: the Opening Eligibility Period governs when an Account must be opened to qualify for this Offer, and the Offer Period governs the time during which eligible deposits in a qualifying Account earn the Promotional Rate.

For further clarity a Business Member may make new deposits in the Account more than five million dollars ($5,000,000.00 CAD), however, the Offer will only apply to the first five million dollars ($5,000,000.00 CAD) deposited (as outlined in Section 6 below).

All other terms and conditions of the Account (as outlined in the applicable SCU Account agreement) continue to apply.

Offer Conditions

SCU may, in its sole discretion, end the Opening Eligibility Period prior to its scheduled end date. SCU will provide at least seventy-two (72) hours' advance notice of any such change.
If SCU decides, in its sole discretion, to distribute a patronage to Business Members, any Promotional Rate (as that term is defined below) interest received in the Account shall not be eligible for the patronage.
After the Offer Period applicable to an Account ends, all balances in the Account will continue to earn interest at SCU’s current posted rate, which is subject to change without notice (the “Posted Rate Interest”), payable on the Account.
During the Offer Period, the Promotional Rate applies only to the first five million dollars ($5,000,000.00 CAD) of the Account balance (including accrued and paid interest). Any balance above five million dollars ($5,000,000.00 CAD) earns the Posted Rate Interest. View current rates here: scu.mb.ca/plan24.
Offer limit: one (1) Offer per Business Member in total, regardless of the number of Accounts a Business Member opens or holds.

First eligible Account only: A Business Member may receive the Offer only once, and only on the first eligible Account that such Business Member opens during the Opening Eligibility Period. Separate legal entities are assessed independently for eligibility; accordingly, if an individual owns or controls multiple businesses that are each separate legal entities, each such business that becomes a Business Member and otherwise meets the eligibility criteria in Section 1 may be eligible for the Offer on its own first eligible Account opened during the Opening Eligibility Period.
Sole proprietorships: For the purposes of this Offer, a sole proprietorship that is registered to do business in Manitoba and that holds a separate business membership with SCU is treated as a separate Business Member, notwithstanding that a sole proprietorship is not a separate legal entity from the individual who operates it.

All non-Member businesses wishing to participate in the Offer must purchase a five-dollar ($5.00) Business Member share at the time of Account opening.
The 4% promotional interest rate (the “Promotional Rate”) is an annualized rate and will apply to eligible deposits as outlined in Section 1(d). Subject to the limits and qualifications outlined in these Offer Terms and Conditions, interest on eligible deposits made during the four (4) month period after the date of Account opening will be calculated daily at the Promotional Rate (the “Promotional Interest”) and paid monthly to the Account.
Any Account closed prior to the payment of the Promotional Interest will only earn interest on the days of the month during which the Account was open (at the Promotional Rate or Posted Rate Interest, as the case may be).

Limitations

This Offer is non-transferable, non-saleable and may not be exchanged for cash.
SCU reserves the right to amend these Terms and Conditions from time to time, provided that any material changes will be communicated to Business Members at least twenty-four (24) hours in advance via the SCU website. In the event of any discrepancy or inconsistency between these Terms and Conditions and any account agreement with SCU, disclosures or other statements contained in any Offer-related materials, including, but not limited to, any website(s), platform(s), point of sale, television, print or online advertising and/or any instructions or interpretations of these Terms and Conditions given by any representative of SCU, these Terms and Conditions shall prevail, govern and control to the fullest extent permitted by law.
By participating in this Offer, Business Members agree to comply with all applicable laws and regulations. Any attempt to manipulate or exploit the Offer, as deemed in SCU’s sole discretion, will result in disqualification.
The Business Member will not engage, either directly or indirectly, for themselves or through or on behalf of or in conjunction with any other person or entity, in any behaviour which could be deemed, by SCU in its sole discretion, to be offside of the intention of this Offer.
SCU reserves the right, at its sole discretion, without advance notice, to suspend, disqualify, limit, revoke, terminate or otherwise modify the Offer, in whole or in part, for: (i) any Business Member it finds or believes to be manipulating or otherwise abusing the integrity of the Offer or who otherwise is deemed ineligible; and (ii) any reason or if an Offer can't run as planned including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond SCU’s reasonable control which corrupt or affect the administration, security or proper conduct of this Offer.
By accepting this Offer, the Business Member agrees that they have read and understood these Terms and Conditions and agree to be bound by them. Any notice with respect to this Offer is deemed to be provided on the day it is posted on the SCU website.
SCU is not liable for any loss or damage related to this Offer, including, but not limited to, direct, indirect or consequential damages. By participating in this Offer, the Business Member agrees to irrevocably and unconditionally release, discharge and forever hold harmless SCU, its directors, officers, employees, agents, representatives, affiliates, successor and assigns (collectively, the “Released Parties”) from any and all claims or liabilities (collectively, “Claims”), whether known or unknown, which the Business Member, directly or indirectly, now has or may hereafter have, arising out of or in connection with this Offer, or any associated transaction, service or product provided by SCU.
By participating in this Offer, the Business Member shall indemnify and hold harmless the Released Parties from and against any and all losses, liabilities, damages, costs and expenses (including reasonable legal fees) arising out of or relating to: (i) the Business Member’s breach of these Terms and Conditions or of any applicable laws; (ii) any fraud, willful misconduct, or gross negligence of the Business Member or its directors, officers, employees, agents or representatives; or (iii) any claim by a third party arising from the Business Member’s participation in the Offer, except to the extent caused by the negligence or willful misconduct of SCU. This indemnity shall survive the termination, completion or expiry of the Offer.
To the fullest extent permitted by applicable law, all issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions or the rights and obligations of Business Members, SCU or any of the other the Released Parties in connection with the Offer will be governed by and construed in accordance with the domestic laws of the Province of Manitoba and the federal laws of Canada applicable therein, without giving effect to any choice of law or conﬂict of law rules or provisions that would cause the application of any other jurisdiction’s laws. The parties hereby consent to the exclusive jurisdiction and venue of the courts located in Manitoba in any action to enforce (or otherwise relating to) these Terms and Conditions or relating to this Offer. Each Business Member agrees to waive any right they may have to: (i) a trial by jury; and (ii) commence or participate in any class action against SCU related to the Offer or these Terms and Conditions and, where applicable, the Business Member also agrees to opt out of any class proceedings against SCU.
The Offer is intended for promotional purposes only and does not constitute financial, tax, accounting or legal advice or an opinion related to the acquisition, suitability or use of the Account.
For any questions or concerns regarding this Offer, please contact SCU at scu@scu.mb.ca.