Savings Accounts
(01/01/21 - 12/31/21)
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For treatment of funds deposited into or withdrawn from ABLE accounts (See Achieving a Better Life Experience (ABLE) Savings Accounts)