Christmas Club Account
This account helps you save just for Christmas.
How it works
You may deposit as much as you want whenever you want. On November 1 of each year the money that has accumulated in your Christmas Club account is put in your share account and you are then ready to tackle that Christmas shopping.
Details
Interest: See Rate Sheet
Fees: none
Minimum Initial Deposit: none
Minimum Daily Balance Required: none
Minimum Age to Open: none
*You may have one Christmas Club per membership
This account is not mean to be treated as a normal savings account. You may be allowed a one-time hardship withdrawal, approved by management, as it is your money. Otherwise, it stays in the account until November 1st when it transfers to your share account. At that point, you can spend it on whatever you’d like. It can be a very nice sum during the holiday season, depending on your contributions into it.
| Account Type | APY | Minimum Deposit | Minimum Balance |
|---|---|---|---|
| REGULAR SHARES | 0.1% | $5 | $25 |
| SHARE DRAFTS | 0.05% | $25 | |
| CHRISTMAS CLUB | 0.2% | $0 | |
| TRADITIONAL IRA SHRS | 0.85% | $0 | |
| ROTH IRA SHARES | 0.85% | $0 | |
| SUB SHARES | 0.1% | $25 | |
| MONEY MARKET SHARE | 1.01% | $2500 | $2500 |
| MONEY MARKET SHARE | 1.26% | $2500 | $25000 |
| MONEY MARKET SHARE | 1.51% | $2500 | $100000 |
| MONEY MARKET SHARE | 3.04% | $2500 | $250000 |
| HSA CHECKING ACCOUNT | 0.05% | $25 |
Interest will be calculated daily and posted monthly into your regular shares or compounded to the certificate. Other terms and conditions are printed on the face of the certificate or TIS. Rates and terms listed above are subject to change for new certificates and renewals with no advance notice.
Interest penalty for early withdrawal from regular CD 12 thru 60 is 12mo int./ 6mo CD penalty 6mo int.
Interest penalty for Save-to-win is $25.00 *APY= Annual Percentage Yield