A Christmas Club account is a great way to save for the holiday season throughout the entire year. It is a savings account that makes saving for the holidays easy!
Benefits and Features:
- $5 minimum opening deposit
- Account can be opened at any time
- Competitive dividend (interest) compounded and credited each quarter
- Dividends deposited right into your account
- For convenient deposits, arrange for weekly, bi-weekly or monthly direct deposits
- No monthly service charge
There is a $5 fee per withdrawal if you need to withdraw money before October 1st which is when the Christmas Club account balance is transferred to your regular share (savings) account.