Christmas Club

  • You will earn a Bonus which will be one (1) payment equal to the payment account you selected. This account does not earn interest and will not have an Annual Percentage Yield (APY).
  • $5 Minimum to open the account. You may choose between a $5, $10 or $20 payment option.
  • Payments should be made weekly using the coupon. Each account has 50 payment coupons. The 49th payment must be made by October 15th. The final payment (Bonus) will be paid to the account upon check issuance. Payments may be set up on automatic transfer from an account with this bank.
  • A minimum of 49 weekly payments is required to earn the Bonus payment. “Catch-up” payments must be made no less than monthly in order to earn the Bonus.
  • New accounts may be opened from November 1 to March 31 of each year. You will receive a check for the balance plus Bonus no later than November 1st of each year. Except for accounts set up on automatic transfer the account is considered “closed” at this time. If payments are made by automatic transfer, transfers will continue to be made until canceled by you.
  • If you close the account prior to October 15th you will not earn the Bonus.
  • No Monthly Service Charge
  • See Other Services and Fee Schedule
 
 
Last updated on May 22, 2013

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