Christmas Club
Don't be caught off guard when the holiday season arrives. Start saving now by opening a Christmas Club account.
Tired of the annual budget woes at Christmas? Open a Christmas Club account now, and start saving!
Account Summary
Our Christmas Club accounts are designed to help you save up for the holiday shopping season. By contributing small amounts throughout the year, you can lessen your financial burden when Christmas arrives.
You can begin saving at any time throughout the year, and you can deposit any amount at any time. Your account will also earn interest like any regular savings account.
On November 1st, the total amount in your Christmas Club account will become available for withdrawal. By default, a check for the lump sum will be printed and mailed to you, unless you specify beforehand that you want your money transferred to your checking or savings account.
Account rules and features:
- Enrollment begins November 1st (for the following year).
- You may deposit money at any time. No initial deposit required.
- You may request to have funds deposited automatically from your checking or savings account at regular intervals.
- You may request that your end-of-year payout be deposited into your checking or savings account. Otherwise, your payout will be mailed to you on November 1st (or the first business day thereafter).
- Your account will earn a special interest rate (see rates).
- Your funds are unavailable until November 1st.
Note: If you MUST access your funds before November 1st, you must close your Christmas Club account. You will be charged a $5 early withdrawal fee, and you will be given the remaining balance. The account cannot be re-opened for the current year.
