Features
- Christmas Clubs open in mid-October
- The Club season lasts for 50 weeks
- Save money for gifts, travel and to host Holiday parties
- Club accounts earn a fixed rate of interest which is compounded daily on balances greater than $20.00
Current Rates
Effective Date: Thursday, March 30, 2023
| Balance | Interest Rate | APY |
|---|---|---|
$20.00 and over | 0.19980% | 0.20% |
Interest rate and APY may change daily after the account is opened. Fees could reduce earnings.
* Interest rate and APY are fixed for the club year.
Rate Information:
Rate Information: This is an interest-bearing account. Please review our current rate schedule for interest rates and annual percentage yields.
Frequency of Rate Changes: The interest rate and annual percentage yield may change annually at the bank's discretion.
Compounding and Crediting of Interest: Interest is compounded daily and credited at the end of the club year.
Minimum Balance Requirements: There is no minimum deposit required to open an account. You must maintain a daily balance of $20.00 to obtain the disclosed annual percentage yield.
Balance Computation Method: We use the daily balance method to compute interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Deposits: Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.
Withdrawal Limitations: If the account is closed prior to the end of the club year, all accrued interest will be forfeited.
Fees: A service charge of $5.00 will be imposed if the account is closed prior to the end of the club year.