Tuition Builder

A smart vehicle for members saving for educational expenses such as college, boarding or tuition, Tuition Builder offers competitive rates and the convenience of automatic deposit. This account:

• Earns higher dividends than our Share or Club accounts.
  
• Can be opened with as little as $100.
  
• Makes it easy to build savings with direct deposit and payroll allocation services, or by making deposits at any NEFCU branch, Shared Service Center or by mail.
  
• May be used for educational expenses. Withdrawals may be made at any time without a penalty with a tuition bill or proof of any education-related expense, or within the designated withdrawal periods of June 1 - June 30 and December 1 - December 31 of each calendar year. *

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*A penalty of 90 days' dividends on the amount withdrawn, whether earned or not, may be assessed to withdrawals made at any other time without supporting documentation.