Summer Savings - East County Schools Federal Credit Union
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Happy Family on Vacation in the Mountains

Get a Summer Paycheck, Even When School's Out

Designed for 9, 10, and 11-month school employees, but open to every ECS member with a direct deposit paycheck.

 

Dividend rate

4.00% APY*

on your full balance

Monthly max

$2,500

via payroll direct deposit

Monthly fees

$0

no minimum balance

Early withdrawal

No Penalty

in-branch only

How it works

  • Contact ECS to open your Summer Savings Account 
  • Set your monthly contribution amount through payroll direct deposit (up to $2,500/month)
  • Earn 4.00% APY* on your full balance all year long
  • Choose where your funds go at maturity: transfer to any ECS account or receive a check
  • When your balance is transferred out each July, the cycle starts fresh with your next direct deposit

Account details

  • Deposits via payroll direct deposit only — no outside transfers
  • Dividends calculated daily, credited monthly
  • No ATM access to funds
  • eStatements required
  • Requires an existing ECS Primary Share Account
  • Rates subject to change each July 1st

Early withdrawals & maturity

  • Early withdrawals (full or partial) are fee-free and penalty-free, but must be made in person at our El Cajon branch
  • Funds cannot be rolled over into the next year — balance must be transferred out and the process begins again with your next direct deposit

*APY = Annual Percentage Yield. 4.00% APY rate subject to change each July 1st. All rates, terms, and conditions subject to change.

Savings Rates

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Members LoveECSFCU!

  • Cathy Sprecco with Koala - Australia 2015

    I had a fantastic trip to Switzerland and Austria this past summer with East County Schools FCU and the SD East County Chamber of Commerce. This was my 6th trip with this fun group! The Educator Tour, guided by the infamous Steve Devan, is the perfect way to truly see and experience any country. The train ride through the Alps was a personal favorite and such an amazing experience. Seeing and hearing cows and goats with real bells grazing on the side of the mountains made me want to sing a favorite "Sound of Music" song and look for Heidi or her grandpa around every turn! I really felt immersed in the culture. The extra servings of warm apple strudel helped too!

     I am a single traveler and all worries are put aside on these well-coordinated trips. Almost everything is taken care of for the travelers so I always feel spoiled! The fellow Educator Tour travelers that I have met from other districts and other walks of life have become my life-long friends! These trips are so dear to me that I have a separate savings travel account where I dedicate a small monthly amount to be ready for the next country!

    Come join us!

    Cathy Sprecco - Retired Lakeside Union School District Teacher