Christmas Club
A special account for a very special purpose! We offer Christmas Clubs in the following weekly payment amounts: $2 ($100 club), $3 ($150 club), $5 ($250 club), $10 ($500 club), $20 ($1,000 club), and $40 ($2,000 club). Automatic deductions may be made from your Free Checking account on a weekly or monthly basis.
Limitations: You must deposit the amount of the first coupon to open this account. You may open this account at any time during the year, however, you may need to make multiple deposits during the Club period to have made all 50 payments by the Club payout date. Payments may be made using the coupon books provided at account opening. If you have a Free Checking account, you may arrange for automatic payment transfers into this account on a weekly or monthly basis. You are permitted to make multiple payments by coupon at the same time; however, the payments must be in increments matching the denomination of the Club selected at account opening. Preauthorized transfers may not be made from this account. You may not make withdrawals from the account prior to the Club payout date. This account will customarily be open for a period of 50 weeks; however, your term may vary dependent on when the account is opened. Interest will be credited to your account yearly. The Club payout date may vary from year to year. This account will not automatically renew, unless automatic transfers are taken. At the end of the Club account period, the funds in this account will be mailed to you by check.
Account Fees: In the holiday spirit, no fees are associated with this account!
