Christmas Club Account

shutterstock_211892467-1

Balance Requirement

  • There is no minimum balance requirement to open a Christmas Club account.
  • There is no minimum balance requirement to earn interest on this account.
  • Service Charges During the Activity Period
  • No service charges apply during the activity period.

Compounding and Crediting

  • Interest on Christmas Club accounts is not compounded. Interest is added to the account balance on the last day of the activity period.
  • Accrual of Interest on Non-Cash Deposits
  • Interest begins to accrue on the business day you deposit non-cash items (for example-checks).

Transaction Limitations

  • Withdrawals on Christmas Club accounts are disallowed.
  • Final distributions is the third week of October.

Additional Information

  • The interest rate and annual percentage yield are available at the New Accounts desk.
  • This is not a full disclosure of all terms and conditions of this account. Additional information is available at the New Accounts desk.