Christmas Club | Cooperative Teachers Credit Union

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CTCU Christmas Club Accounts

Christmas Club


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 will be automatically transferred into your Regular Share Savings account on or after November 1. There is a $10 penalty for each early withdrawal prior to November 1 of each calendar year.

*Must have a Regular Share Savings Account.

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