Savings

Schools Financial has a low-cost savings plan for you.

Whether you're looking for a regular savings or a special-purpose account to save for major purchases, Schools Financial has a low-cost savings plan for you.

Banking for Everyone Savings

Grow your savings faster with a jaw-dropping 7.00% APY1 earned on the first $500 in your Banking for Everyone Savings account when you use these services:

  • FREE eStatements,2
  • any Schools Checking account and
  • FREE BillPay, direct deposit or payroll deduction.

Your account fee is waived when you keep a daily balance of $300 or more, or have an additional account under the same account number. For complete account details, click Rates below.

1 APY = Annual Percentage Yield. A dividend rate of 7.00% will be paid only on the portion of your daily balance that is less than $500.01 that meets the Banking for Everyone Savings/Youth qualifications. The APY will range between 7.00% and 7.19% depending upon account balance. Dividends compound at 7.00% APY up to an account balance of $500. Notwithstanding anything to the contrary in your Schools Financial Credit Union Truth in Savings Disclosure (“Disclosure”), you understand and agree that the 7.00% APY does not compound on the portion of your daily account balance greater than $500. The rate may change after account opening. A separate dividend rate will be paid on nonqualifying accounts and the portion of your account balance greater than $500. Fees could reduce the earnings on the account. Business and organization accounts are not eligible. One Banking for Everyone Savings/Youth account per Social Security Number. Contact the Credit Union for additional account qualifying information.
2 Your Statement Preference under My Profile must be set to eStatement.

Summer Reserve

Save up for a tropical summer vacation or to “pay” yourself during the summer months with a FREE Summer Reserve account. Make convenient automatic deposits each month, and the funds will be disbursed into your checking account in August. Dividends are earned on the daily balance and paid and compounded quarterly.

Holiday Savings Club

Holiday bills can rack up quickly. Be prepared with a Holiday Savings Club account! Save a fixed amount each month and funds will be automatically deposited to your designated savings or checking account in November, just in time for holiday expenses or vacation in a winter wonderland. The account earns dividends on the daily balance and is paid and compounded quarterly.

Banking for Youth

It’s important for children to learn the value of saving from an early age. The Banking for Youth savings account is available to members 17 years old or younger, and earns a sizable 7.00% APY1 on the first $500 in the account when enrolled to receive FREE eStatements.2

For complete account details, click Rates below.

1 APY = Annual Percentage Yield. A dividend rate of 7.00% will be paid only on the portion of your daily balance that is less than $500.01 that meets the Banking for Everyone Savings/Youth qualifications. The APY will range between 7.00% and 7.19% depending upon account balance. Dividends compound at 7.00% APY up to an account balance of $500. Notwithstanding anything to the contrary in your Schools Financial Credit Union Truth in Savings Disclosure (“Disclosure”), you understand and agree that the 7.00% APY does not compound on the portion of your daily account balance greater than $500. The rate may change after account opening. A separate dividend rate will be paid on nonqualifying accounts and the portion of your account balance greater than $500. Fees could reduce the earnings on the account. Business and organization accounts are not eligible. One Banking for Everyone Savings/Youth account per Social Security Number. Contact the Credit Union for additional account qualifying information.
2 Your Statement Preference under My Profile must be set to eStatement.

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