A Christmas Club Savings account helps you prepare for holiday expenses in advance. Money is deposited throughout the year and the funds are distributed to you in time to get all of your Christmas shopping done.
You must have a checking account from which a predetermined amount is automatically transferred each month. The enrollment period starts the 2nd week in November and extends through the 3rd Tuesday in January. The funds that accumulate, throughout the year, will be deposited into your checking account on the last day of October.
|Balance||Interest Rate||Annual Percentage Yield (APY)|
|$0.01 and above||0.25%||0.25%|