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Savings for School Employees

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.







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