Christmas Club Savings Account
Celebrate the holiday season with peace of mind (and a merrier bank account)!
Benefits of a Christmas Club Account From Telcoe Federal Credit Union
Additional Christmas Club Savings Account Details
There’s no better time to start preparing for the next Christmas than now. Open a Christmas Club account and automatically save a little from every paycheck.
Regular automatic transfers from checking to your Christmas Club account add up over the year. Before you know it, you'll have a nice fund to splurge on gifts, parties, decorations, and more.
Features include:
- Standard enrollment from Nov. 1 through Jan. 31
- You can enroll outside of the standard enrollment time frame
- Some exceptions may be made for new membership applications received outside of the standard enrollment period
- Withdrawals available between Oct. 1 and Oct. 30
- Unused funds will transfer to regular share account on the last business day of October
- We will set you up for payroll deduction through your employer after opening the account; depending on your payroll service, you may need to visit your employer’s payroll department
- Interest-earning separate savings account
- Online account access to monitor savings
- Competitive dividends on entire balance paid quarterly
- No monthly fee
- No minimum balance
- No minimum deposit to open an account
- Automatic payroll deduction available
- Ability to change deposit amount anytime
Track your savings progress online and relax knowing you've sufficiently planned ahead for the upcoming holiday season.
Christmas Club Account Interest Rates
| account | APY | Dividend Rate |
|---|---|---|
| Christmas Club | Rates | Rates |
| Visit www.telcoe.com/rates. | ||
All deposit rates are variable and subject to change at any time.
★★★★★
"Absolutely love Telcoe Credit Union. They always offer great financial solutions and they treat all of their members like family. I would highly recommend Telcoe to anyone who wants a financial institution where you can make more on your money!"
– Lisa H., Little Rock, Arkansas
Christmas Club Savings Account FAQs
What is a credit union Christmas Club savings account?
It’s a special savings account designed to help you shore up money for holiday expenses. You can arrange automatic transfers from your checking account to the Christmas Club account throughout the year. You’re able to withdraw funds starting in October, just in time for holiday shopping.
How does a holiday savings account work?
It lets you automatically move money from each paycheck into the account. This makes saving for the holidays simple and automatic throughout the year.
When can I access my savings?
You can withdraw the funds from October 1st through October 31st. You may incur a penalty fee for early withdrawal outside of this period. This ensures you save the funds for holiday spending.
What are the main benefits of a Telco Federal Credit Union Christmas Club savings account?
Key benefits include building holiday savings with automatic transfers, earning interest on your savings, avoiding holiday debt, and having cash ready for gifts, travel, food, parties, and more.
What is the minimum deposit to open an account?
There is no minimum deposit to open a Christmas Club Savings account. You then set up automatic recurring transfers in any amount you choose.
Ready to Start Saving for Next Christmas?