Summer Savings Club

Your high yield summer savings account.

Kick back, relax, and enjoy the sunshine. With your high yield Summer Savings Club account, your next summer will plan itself.

6.00% APY/APR*

One great rate, all Chaffey Members.

Originally designed to help educators during the summer months when they expect less income, the Chaffey Summer Savings Club is available to all Members. Deposit $50 - $2,000 each month via direct deposit or payroll deduction and earn 6.00% APY/APR*. Dividends pay at account maturity on June 15, 2024.

 
 

 

Start building your sunshine.

Already a Member? Simply call our Virtual Team (833-282-1033) or visit any Chaffey branch to open your Summer Savings Club account!

Not a Chaffey FCU Member? Make an appointment to become a Member before opening a Summer Savings Club.

 

 

Get to know your Summer Savings Club!

What is the Summer Savings Club?

The Summer Savings Club allows Members to set aside savings each month via direct deposit or payroll deduction. Dividends will be paid at accont maturity on June 15 - just in time for summer vacation! This is great for Teachers and School District Employees, but is available for all Chaffey FCU Members.

What rates do I qualify for?

For the term starting June 2023 - all Chaffey Members are eligible to earn the same great rate.

How much can I deposit to the Summmer Savings Club?

You can deposit $50 - $2,000 each month. You may make a one-time additional deposit of up to $2,000 at any point during the program year.

What happens if I stop making deposits?

Any account with no deposits for at least 60 days will be closed, and all funds will be transferred to your regular savings or checking account.

I don't get paid during summer, will my account be closed then?

Accounts will not be closed as a results of no deposits during the summer months, but may be closed if deposits do not start by October 1st.

When can I withdraw my funds?

You may withdraw your funds at anytime with no penalty as long as your account is in good standing.

How do I sign up?

Visit any branch or call our virtual team to open your Summer Savings! You may also fill out the online form to have a Chaffey FCU team member reach out to you.


*APY: Annual Percentage Yield, APR: Annual Percentage Rate. Direct deposit or payroll deduction must be set up for this account; money transfer apps (i.e.: Zelle, Venmo) do not count as direct deposit. After 60 days of no deposits, Summer Savings Club account will be closed, funds will be transferred to your regular savings account. Account will not be closed if there are no deposits during the summer months, but will be closed if deposits do not start by October 1, 2023. Dividends paid at account maturity on June 15, 2024. Federally insured by the NCUA.