If you're a school employee on 10- or 11-month pay schedule and find it difficult to set aside money for the summer, Paycheck Planner may be just what you need to enjoy your summer without worrying.

Each pay period, a percentage of your net pay is automatically deposited into your Paycheck Planner account. Then during the summer months, you'll receive that money just as you would your paycheck.

Unique account features

Details you should know

  • You must make your monthly deposits through payroll direct deposit.
  • School employees on 10-month pay schedules will have 16.7% deducted from each paycheck.
  • 11-month pay schedules will have 8.3% deducted from each paycheck.
  • To ensure sufficient funds for the summer, you won't be able to make penalty-free withdrawals2 from this account.

If you want more flexibility saving for summer, consider Summer Saver.


Call (800) 462-8328

Monday through Friday, 7 a.m. – 7 p.m.
‚ÄčSaturday, 9 a.m. – 3 p.m.



  1. APY = Annual Percentage Yield. Rate is accurate as of the last dividend declaration date, variable and subject to change after account opening.
  2. Partial withdrawals are not permitted, will result in closure of the share certificate and will incur a penalty equal to 90 days loss of dividends. If a Paycheck Planner is closed due to an early withdrawal, a new share may not be opened until the following school year. Fees could reduce the earnings on the account.

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