Christmas Savings Account Credit Union

Nowadays credit unions are the main financial institution that offer christmas club accounts.

Christmas savings account credit union.

This christmas savings account earns a higher interest rate than any of consumers credit union s other accounts but you can find better rates elsewhere. Christmas club savings 0 10 apy a dedicated savings account to help you save for the holidays. 24 7 account access through online and mobile banking. Joining a credit union is easier than ever.

As with most christmas club accounts you ll pay a penalty if you need to access your money before your account matures. This account allows you to set aside spending money for the holidays. 25 minimum balance to earn dividend. Us community credit union offers christmas club accounts to give you a little help in meeting those end of the year savings goals.

Credit union memberships are sometimes reserved for certain types of employees or alumni from a particular university. The christmas club account can be opened with as little as 25 and your balance is transferred on nov 1 each year to your primary share savings account. Our competitive dividends can help fatten your account up for the holidays. A checking account is necessary so that the bank can withdraw funds to apply toward the christmas savings account.

When you save with the christmas club your balance earns more than twice as much as it would in a regular savings account. Direct deposit a small portion of your paycheck each pay period into your account to build your savings over time.