Revere May 2020 Savings Match and Withdrawals

by | May 22, 2020 | Inversant Savings Accounts

These instructions are for Inversant families enrolled in the Revere High School program site.

We recognize the thought and planning it takes to save for higher education. Inversant will reward you for reaching your goal by matching your first $1,000 in savings. 

You can withdraw money from your Inversant savings account at Revere Municipal Employees Federal Credit Union after each deposit deadline. You may also leave it in your account for later use. The match dollars can be used for higher education-related expenses.

When do I receive the savings match?

  • If you reach your savings goal of $1,000 by the May 31, 2020 deposit deadline, Inversant will deposit the first $500 match into your account after June 1, 2020. The second and final match deposit of $500 will be deposited into your account after February 1, 2021.
  • If you reach your savings goal of $1,000 by the July 31, 2020 deposit deadline, Inversant will deposit the first $500 match into your account after August 1, 2020. The second and final match deposit of $500 will be deposited into your account after February 1, 2021.

How does the match work?

Inversant will match, dollar-for dollar, your first $1,000 saved. The match dollars are available as funds payable directly to your Inversant savings account.

Inversant will deposit your savings match directly into your savings account at the Revere Municipal Employees Federal Credit Union. Please keep your account open until Inversant has deposited your final match disbursement.

Matches for the first $500 will be disbursed after June 1, 2020 or August 1, 2020. Matches on the final $500, will be disbursed after February 1, 2021.

How do I access the match dollars?

  • Please submit the acceptance letter or award letter from the college or university your student has chosen to attend to Inversant’s Boston Coordinator, Bianca Perez, at [email protected], by June 1, 2020.

If you have any questions about the saving match or the expense reimbursement or payment processes please contact Bianca Perez, at [email protected].

By the Numbers

  • +1,800 Families Served
  • +$1,612,380 Saved by Families
  • +$1,200,000 in Savings Matched
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