Prime Savings
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.
*Excludes Money Market Accounts.
To open any EdFed Savings Account, visit any one of EdFed's branches.
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.
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 There is no tax deduction for the contribution; however, all amounts withdrawn for qualified educational expenses are tax-free.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 more information about our Money Market Account, view our Money Market Account rates and our Frequently Asked Questions (FAQs) page.
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.