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Home » Teachers & Students » Summer Pay Savings
Summer Pay is rated 4.8 out of 5 by 51.
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Stress less during summer break and sign up for Summer Pay. With this exclusive savings account for teachers, you can create your own pay program for the warm-weather months when you may not receive a paycheck. You won’t find this at any bank!

  • Earn a premium dividend rate
  • Customize your allotment based on your needs
  • Enjoy flexible payout options
  • Receive automatic account notifications via email
  • Receive one (1) FREE early withdrawal (per calendar year)
  • Account automatically renews each year
  • Qualify for Advantage Checking with additional benefits.

Qualifying for Summer Pay is Easy!

  • Be an Apple FCU account holder
  • Be a school system employee of an affiliated school district
  • Have an Apple Checking account
  • Have a Direct Deposit of at least $1,000 monthly OR your net pay into an Apple account
  • Have a valid email address.

Follow these easy steps to open your account

  1. Choose an amount (up to $1,000 per month) to be transferred from each payroll deposit (transfer made on the last day of the month) to your Summer Pay account, based on the amount you'd like to receive after school is out of session. For example:


    Should the need arise, allotment amounts can be changed or the account may be closed at any time. Plus, if you need to access your Summer Pay funds early, your first withdrawal is FREE. All subsequent early withdrawals will result in a $10 fee. View the Summer Pay Account Agreement for details.

  2. Choose when you're paid. Apple offers flexible options to receive your Summer Pay:

    • Lump Sum Payment – This option allows you to receive ALL of your Summer Pay funds deposited in the Apple account of choice in one payment.
    • Biweekly or Monthly Payment – Elect to mirror traditional pay schedules by having biweekly OR monthly payments transferred to your Apple account of choice.
  3. Keep track via email. You'll receive timely email communications from Apple notifying you of when contributions will start and cease, as well as when distributions from your account will begin; estimated payout amounts included.
  4. Enroll today online, stop by any Apple Branch or call 703-788-4800.
Account Type APY* Minimum To Open Compounded
Summer Pay (Educator Exclusive) 1.00 % - Monthly

*APY = Annual Percentage Yield as of 1/1/2013 and is subject to change without notice. For a list of our fees, view the fee schedule.

Summer Pay Frequently Asked Questions

Ask a Question about our Summer Pay Savings Account
Rated 5 out of 5 by from Relief for Educators & A+ for Apple FCU It used to be that teachers had a choice when it came to being paid in the summer; YES or NO. My school district does not give teachers the option to be paid in the summer. Apple FCU's Summer Pay program essentially takes care of that! Each month, Apple takes money from my paycheck and puts it in a special account. In the summer, the money is then distributed equally each month! I no longer have to worry about how I am going to cover summer expenses nor do I have to calculate the money during the school year. It is easy to start, easy to maintain and keep track of, and the staff at Apple FCU are incredibly knowledgeable about this program. I am continuously recommending it to all my fellow educators.
Date published: 2015-08-27
Rated 5 out of 5 by from Summer Security I have been a client of Apple Federal Credit Union for several years, ever since switching from restaurant work to teaching. For the first few years, FCPS provided our summer withholding, which AFCU facilitated. For the last two years, AFCU has provided the entire service. AFCU withdraws a set amount each month, which sets me up for success during the months of July and August. The best part of AFCU's service in this regard is that they will transfer funds from this account whenever you need, without making you feel uncomfortable. Their service is always excellent!
Date published: 2015-08-18
Rated 5 out of 5 by from Easy and Manageable Summer Pay Account Summer can be a tough time for teachers of FCPS when the pay checks stop coming in. I love the Summer Pay option because it sets me up for the summer and then I don't even have to think about budgeting for it throughout the year. Apple systematically puts money each month into my Summer Pay - nothing for me to do on my part! I also like that they have options for pay dispersal times in the summer and that you can change the amount you put into the Summer Pay each month if you choose to do so.
Date published: 2016-08-24
Rated 3 out of 5 by from Vague Terms of Service Don't Suit a Credit Union I haven't been especially impressed with my Summer Pay service so far. The irritating thing is that I was unable to establish the starting date of when the first withdraw and deposit into savings would begin. Since I deliberately waited until after my first deposit to set up this service (wanting to have more money available in my checking account for just the first paycheck), I presumed that the withdraws and transfers wouldn't begin until the next pay period. Not so. The withdraw and transfer was performed "retroactively" (no better word for it) on a deposit that had already been made. I had wanted all that money kept in my checking account, but ZAP, it's already moved over into summer savings. The amount of the transaction was accurate, but the specific time that it happened was not made clear.
Date published: 2016-10-09
Rated 5 out of 5 by from No worries Summer ! How could anyone not be thrilled with the ease of Apple's Summer Pay program. Many of my friends were concerned when FCPS was no longer holding on to our summer month income. Apple Federal Credit Union made it all so very easy. They are the BEST. Credit Union employes came to my job and explained the way it works and signed me up. It has made for a worry free July/August for me ! Thank you Apple Federal Credit Union !! The folks you employ are the BEST too !
Date published: 2015-08-14
Rated 5 out of 5 by from Summer Pay Account I like the summer pay account because your money that you designate to be put in it gets a higher interest rate each month. It is a nice bundle of money that gets put back in your checking account or savings account (whichever one you designate) at the end of July. It is a very good way to save and helps when you only work 10 months at of the year to have that extra money when you might need it. It is a must for all school staff.
Date published: 2015-08-13
Rated 5 out of 5 by from Easy Breezy Summer Pay I have been using Apple Federal Credit Union Summer Pay for two years now and I love it! I am able to save evenly throughout the year so that August and September, when I have no money coming in, are covered and worry-free. I also appreciate that at any time, if I need to, I can have access to my money. That choice wasn't offered by my previous arrangement and sometimes life throws you a curveball and you need your money.
Date published: 2015-08-18
Rated 5 out of 5 by from Summer Pay: Life's No Brainer The best example of Life's "No Brainer" is enrolling in Apple's Summer pay. When this option was available, I sent an email to all my staff to let them know that a 12 month pay check was still a DO-able option for a teacher. Apple's summer pay is easy to set up and follow. I have reaped the benefits of Apple's summer pay since it first rolled out and would not change anything about the service. Easy, flexible: a no brain
Date published: 2015-08-14
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How do I withdrawal from my summer pay early? And can I cancel my summer pay withdrawal?

Asked by: Sue1017
Yes, you can cancel your Apple FCU Summer Pay withdrawals and withdraw funds early. For assistance, call 703-788-4800 or stop by your local branch.
Answered by: AppleFCU
Date published: 2017-11-10

I am already enrolled in Summer Pay, but want to increase the amount now that I have more monthly expenses. Is there an easy way to do this online?

Asked by: Rmr78
Please login to Online Banking and click the 'Live Chat' button which appears on the right side of the screen during normal business hours. The Chat Agent will be able to process that change for you. You can also call 703-788-4800 and our Member Service Team can assist.
Answered by: AppleFCU
Date published: 2017-08-07

Is there a penalty if I close my accounts and subsequently withdraw my summer fund money before the first scheduled disbursement? I moved and AFCU is not near my new house so it's inconvenient to keep my accounts there.

Asked by: ksnelson
In terms of Summer Pay, your first early withdrawal is FREE; subsequent withdrawals carry a $10 fee. So, if you've yet to take an early withdrawal, there is no fee. Beyond that, it would depend on the other accounts you have - Certificates, for instance, do have an early withdrawal penalty. All that said, we certainly don't want to see you go! With 24/7 Online Banking, our FREE Mobile App with check deposit, access to 53,000+ Surcharge-FREE ATMs and more, we really are anywhere you need us! In Alexandria, you visit either our Mt. Vernon or Kingstowne locations for assistance.
Answered by: AppleFCU
Date published: 2016-12-01
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