Club Accounts
Club Accounts: Save for Special Expenses, the Easy Way
Looking to save for a specific goal without the temptation to dip into your funds? Our Club Accounts are a smart, simple solution designed to help you save for larger, predictable expenses. Whether you're preparing for the holidays or setting aside funds for school-related costs, our Christmas Club and School Club accounts provide a higher interest rate than a regular savings account, making your money work harder for you.
Christmas Club Accounts: Spread Holiday Cheer, Not Stress
Our Christmas Club is a seasonal savings account that runs from October 1st to September 30th each year. By the time the holidays roll around, you’ll have a nice nest egg ready to cover gifts, decorations, travel, and other seasonal expenses.
· Flexible Deposits: You can start saving anytime, with the option to automatically deduct from your paycheck or make manual deposits.
· Access Funds on October 1st: On the first of October, the balance is deposited into your Regular Savings account (unless otherwise requested).
· Use for More than Just Christmas: While it's designed for holiday spending, you can use these funds for end-of-year expenses like property taxes or even a winter vacation.
School Club Accounts: Get Ready for the School Year
Our School Club helps you save for back-to-school costs, whether it's supplies, new clothes, or that special lunchbox. The account runs from July 1st to June 30th, so you'll have the funds ready for the new school year.
· Convenient Deposits: Set up automatic transfers from your paycheck or make deposits manually.
· Access Funds on July 1st: At the end of the cycle, your savings are transferred to your Regular Savings account, unless you request otherwise.
· Save for More Than School: Although it's geared towards educational expenses, this account can also be used to fund a summer vacation or other family needs.
Key Details for Both Club Accounts:
· Annual Dividends: Earn interest on your savings, paid annually.
· Early Withdrawal Fees: Please note, there is an early withdrawal fee if you need to access your funds before the maturity date.