Your Prime Savings Account is your membership account. You only need a $5 minimum deposit to open a Prime Savings, which will need to remain in the account.
- Your account earns dividends once your balance reaches $100.
- Deposits can be made through direct deposit, ACH, by mail or in person.
- No monthly service fees or withdrawal limits.
- Use your EdFed Free ATM card to make free withdrawals at Publix ATMs.
- View your account online or on your mobile device 24/7.
- Receive free quarterly statements electronically or by mail.
- Dividends are compounded daily and credited to your account quarterly.
- All savings accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.
*Excludes Money Market Accounts.
To open any EdFed Savings Account, visit any one of EdFed's branches.
With a EdFed College Tuition Savings Account, you can start planning today for tomorrow's scholar.
A EdFed Coverdell Education Savings Account offers flexibility to fund your child's education. Up to $2,000 can be contributed to a single beneficiary's account per year. There is no tax deduction for the contribution; however, all amounts withdrawn for qualified educational expenses are tax-free.
A EdFed Health Savings Account is an IRA-like account designed exclusively for covering medical expenses incurred under a high-deductible health insurance plan. Health Savings Accounts were created by Congress to combat rising medical costs.
Don't get caught short during the holidays. A EdFed Holiday Savings Account can help make funds available for all your special gift giving. Planning ahead and establishing a spending limit will help prevent you from going overboard.
Don't get caught owing money. A EdFed Income Tax Savings Account is designed for members who want to save for their income tax payments. Set aside a little at a time and save yourself the headache a large payment all at once.
Personalize the titles of up to ten savings accounts to help you save separately for any special occasion. For example: Wedding Account, Family Reunion, Graduation Trip, etc.
A EdFed Money Market Account is a savings account that pays higher interest while allowing you to keep your money more accessible than a certificate of deposit. It also earns a higher rate of interest because it requires a higher minimum deposit*. A Money Market Account allows you to make up to six electronic withdrawals per month.
For those members who don't have an escrow account with their mortgage company, a EdFed Property Tax Savings Account can help you save money to pay your property taxes.
Develop strong savings habits with a EdFed Student Savings Account.
Designed for the member on a ten-month pay plan, a EdFed Summer Savings Account can help when you are not receiving a paycheck. Start regular biweekly deposits anytime during the year. By summer, your accumulated savings, plus dividends, can help you cover summertime expenses.
Whether you are planning a weekend getaway or a vacation around the world, a EdFed Vacation Savings Account is the perfect way to make sure you will have money when you need it.