SkyPoint Federal Credit Union's Summer Savings account is designed for Montgomery County Public Schools' 10-month employees. Take deductions from your direct deposit each pay period and during the summer months (July and August) your money is distributed in one of two ways:


Lump Sum

All of the money in the account is transferred to your SkyPoint checking account on the first scheduled distribution date.

Five Distributions

This option gives you the flexibility to receive money in your SkyPoint checking account every two weeks. It's like getting a paycheck.

Questions? Call us at 301.279.1964

Product Features

  • E-Statements

    No minimum balance

    Keep as little or as much as you need; your call.

  • Nationwide ATMs

    Penalty-free withdrawals

    Withdraw at your leisure during winter, spring and summer breaks.

  • Nationwide Branches

    Direct Deposit

    Send a portion of your direct deposit to save for your summer expenses.


*APY=Annual Percentage Yield. Rates are subject to change at any time without notice. Fees may reduce the earnings of the account. 

Disbursement Dates

For the 2018-2019 school year, your funds will be disbursed on the following dates: 

  • July 5 (Lump-sum disbursement date)
  • July 19
  • August 2
  • August 16
  • August 30

Explore other Savings options


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