Christmas Club

Avoid holiday debt with a Christmas Club account

Don’t let the holidays catch you off guard with no way to pay for everything.  Start saving early and often with a Christmas Club account, and you’ll have the money you need when it’s time to stuff stockings.  Instead of purchasing  gifts with your credit card and paying for them after Christmas (plus interest by the way), you can start saving that amount each month now and earn interest.  With online and mobile banking, it’s easy to contribute funds and track your progress.

Enjoy the following benefits with your Christmas Club account:

• Earn interest on your balance¹
• Automatic transfer
• Online Banking
• Mobile Banking
• Paperless eStatements

Additional Account Details:

• Contributions can be made as often as you like
• Saved funds will be sent to you in the form of a check in late October
• $3 minimum deposit to open
• No minimum balance
• Interest is not compounded and is credited annually
• Interest is computed using the Average Daily Balance²
• Annual statements
• Early close-out fee: $3
• Account is automatically renewable on an annual basis with a fourteen (14) day grace period
• Partial withdrawals are not permitted

¹The interest rate is a variable rate and we may change the interest rate on your account at any time.

²The Average Daily Balance method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Manage your account with our electronic banking services