Don't let the holidays sneak up on you!
Be prepared to share in the joy of giving by opening your Christmas Club savings account early.
What is a Christmas Club Account?
A Christmas Club account is a short-term account that allows you to set aside money for:
- Gifts for your loved ones
- Big family meals
- Holiday travel
- And more
By opening a Christmas Club account, you can prepare for the holiday season while still managing your finances. Having your holiday money in a separate account makes it easier to avoid touching those funds and set a budget for your holiday spending.
How do Christmas Club Accounts work?
- All it takes is a minimum deposit of $20* to get started.
- This account earns dividends at a 0.05% annual percentage rate and a 0.05% annual percentage yield.
- The funds are available for you to withdrawal on or after November 1st. There is a $10 penalty for each early withdrawal prior to November 1st of each calendar year.
*Must have a Regular Share Savings Account.
Looking for a great gift for you child?
Give the gift of financial education with a Youth Savings account!
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