The Graduate Student Summer Savings account is designed specifically for graduate students who may need help saving for summer when they no longer receive an income. Students who open the account, set up payroll deduction of at least $5 to the account, and make no withdrawals prior to May 31 will receive a $25 bonus, paid on June 1. The account must be opened by October 31st to be eligible for the bonus. The onetime bonus is eligible for new accounts only, but students can continue to use the account for savings