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These dividend-earning accounts are designed especially for classified and certificated school employees who do not receive paychecks over the summer months.
School Employees Level Pay Account - for maximum earnings
- Open between June 1 and October 31.
- Direct Deposit funds to your SESLOC Checking and Level Pay accounts.
- Level Pay funds set aside until June 1.**
- Account automatically renews with your first deposit of the school year.
- No monthly service charges.
This Account Includes
- Free checking with no minimum balance, no per-check charges.
- Free Bill Payer service
- Free online transactions.
- Low cost overdraft protection
Summer Pay Savings Accounts - for maximum flexibility.
- Using Payroll Deduction, funds are automatically deducted from each paycheck and deposited to your Summer Pay Account.
- Additional deposits may be made at any time through transfers, by mail and other traditional methods.
- No minimum balance is required.
- Dividends compound monthly.
- Funds may be withdrawn without penalty at any time should a need arise.
- Funds are insured by the NCUA, a U.S. government agency.
- Calculate the amount needed for summer months with our exclusive
Summer Pay Calculator
*Rates are variable and are subject to change without notice.
**Early withdrawal penalties apply to Level Pay account. Electronic deposits only.
Deferred Compensation Accounts
- This retirement planning account allows employees of participating school districts to defer a portion of income until retirement years. To learn more, click here.
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