Emergency Savings Account

Start building your financial safety net—powered by Nelnet Bank and BenefitEd.

$5,000+¬
3.25% APY
Up To $4,999.99¬
1.00% APY
Open Your Account

Incredibly Simple

You’re just a few steps away from opening your Emergency Savings Account (ESA). This account is designed to help you prepare for life’s unexpected moments— like a car repair, a medical bill, or an urgent home fix—securely and automatically, so you can focus on what matters most.

Why Open an ESA?

An ESA gives you more than just a savings account—it provides peace of mind and real advantages:

  • Start with just $5: Open your account with a $5 minimum deposit.

  • FDIC-insured: Your savings are insured at Nelnet Bank.

  • Easy access: Access your account 24/7 and set up transfers as necessary.

  • No monthly fees or recurring charges: Keep more of your money with zero ongoing costs.

  • Peace of mind: Be ready for life’s surprises and reduce financial stress with a dedicated emergency fund.

Take Advantage of These Benefits Today

Open Your Account

How it Works

first

Enroll through BenefitEd

Your employer supports this benefit, making saving simple.

second

Save automatically

Contributions happen through automatic payroll deduction—so you don’t have to think about it.

third

Track your Progress

View payroll contribution amounts in your BenefitEd dashboard and manage your account here at Nelnet Bank.

View the Emergency Savings Account Deposit Agreement

It’s Quick and Easy—Get Started Now

Secure, fast, and simple—your ESA is just a few clicks away.

Open Your Account
Deposit products offered by Nelnet Bank, Member FDIC. Rates subject to change. Terms apply. APY is Annual Percentage Yield. The rate is subject to change after the account is opened. $5 minimum balance is required to open the account. $15 outgoing wire fee. Fees may reduce earnings. Displayed rates are accurate as of March 1, 2026.