Summer Saver
Having the summer off often means having no paycheck. But with our Summer Saver account you'll be prepared.
For classified and certificated school employees on a 10- or 11-month pay schedule, the Summer Saver
account ensures you will have sufficient funds to get you through the months you don't receive a paycheck.
Or, if you prefer, you can use the account to save for that summer vacation you've been daydreaming about.
Features
- Variable rate account
- Available to all school employees that have the School Employee
Membership Package
- Flexible withdrawals—penalty-free withdrawals allowed anytime during the summer months or throughout
the year
- Monthly deposits through direct deposit/net pay and ACH only, you choose the amount ($50 - $2,000 per month)
- Choose any date between June 1 and August 31 of each year to have funds automatically transferred to
your share account
- Automatically renews each year based upon eligibility requirements
Summer Saver Account Rates
Variable rate account. Rates effective as of 2/4/2012 and are subject to change daily.
|
Min. Opening Balance
|
Dividend Rate
|
APY
|
 |
No minimum opening balance. $50 minimum monthly deposit by payroll deduction or payroll direct
deposit only.
|
2.96%
|
3.00%
|
 |
APY = Annual Percentage Yield
For more information, or to open your Summer Saver account with the School Employee Membership Package,
simply visit any
branch or call our Telephone Service Center at
714/258-4000 or 800/462-8328, Monday through Friday, 7 a.m. to 7 p.m., and Saturday, 9 a.m. to 3 p.m.
Or, print and mail a completed
Summer Saver enrollment form.