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Summer Club Account (12 Month Pay)
A dividend-bearing account that helps you save by deducting money during the school year to provide a pay during the summer months when members aren’t receiving a paycheck.
- Any member is eligible to open a Summer Club (12 Month Pay) Account
- Recommended for members employed by the Pittsburgh Board of Education but open to all members that want pay security during the summer months
- Dividends are declared and paid at time of disbursement
- Disbursement will be done by automatic transfer into the members Riverset checking or share account in early summer
- Withdrawals may be made at any time without penalty, however dividends on the withdrawn amount will be forfeited