FAA4.A Financial Accounts (FIAC) : 05 Financial Account Types : I Savings Accounts
I Savings Accounts
 
(06/01/16 - 07/31/16)
A savings account in a bank or a savings and loan association is countable.
 
Key savings accounts on FIAC using the SV Financial Account Code.
 
EXCEPTION
An account in a bank or savings and loan association that is used only for a self-employment business is not countable as a resource. (See Self-Employment Income). Key the account on FIAC using the BC Financial Account Code.
Achieving a Better Life Experience (ABLE) savings accounts are not countable as a resource. Key the account on FIAC using the OX Financial Account Code. (See ABLE Accounts(g) for additional information)
 
For savings accounts in a credit union, see Credit Union Account.
 
For accounts with combined NA educational income, see Combined Resources.
 
For jointly owned credit union accounts, see Joint Accounts.