Savings Accounts
A savings account in a bank, credit union, or a savings and loan association is countable as a resource.
The following savings accounts are not countable as a resource:
●Self-employment business accounts.
Key the following Financial Account Codes on FIAC:
●SV for bank savings accounts
●CU for credit union savings accounts
●OX for ABLE savings accounts
For accounts with combined NA educational income, see
Combined Resources.
For jointly owned saving accounts, see
Joint Accounts.
For treatment of funds deposited into or withdrawn from ABLE accounts (See
Achieving a Better Life Experience (ABLE) Savings Accounts)