The Christmas Club allows you to start saving for Christmas presents now so you can actually enjoy shopping this year. Don’t wait till the last minute, start saving for Christmas now.
No minimum balance required.
Earns higher dividends then regular savings.
Have money automatically deducted out of your paycheck
Make shopping season less stressful
Save the interest that credit cards will charge you.
***Dividends paid quarterly
***Funds distributed mid-October every year, they are automatically distributed to your savings, checking, or they can remain in the Christmas Club until you want it transferred.
***You are allowed 2 emergency withdraws per a club year with a fee, after that it will close out. If your account would close due to withdraws a new club account can be restarted after maturity.