Savings

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

Every Member has a Banking for Everyone Savings account. When you join, you make a $5 initial deposit into this account to establish your “share” in the Credit Union.
 
When you become a Member, you become a part owner in the Credit Union. This account establishes your “one vote,” giving you an equal voice.
 
Features
  • $5 minimum opening deposit (and required minimum balance)
  • No monthly fee
  • Unlimited deposits and withdrawals
  • Earns dividends
 

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 takes just $5 to open.

For complete account details, click Rates below.