Savings Accounts
Regular Savings Account
- Open a savings account with as little as $25.
- Service charge will be imposed if the average daily balance for the cycle falls below $25.
Christmas Club Account
- Open with as little as $5.
- No withdrawals allowed.
- Checks mailed after November 15th.
- Interest compounded at maturity.
Fees may reduce earnings
FAQs:
What is the difference between a Regular Savings Account and a Christmas Club Account?
A Regular Savings Account is designed for everyday saving and allows access to your funds. A Christmas Club Account helps you save throughout the year for holiday expenses, with funds distributed after November 15.
Is there a minimum balance requirement for a Regular Savings Account?
Yes. A service charge may apply if the average daily balance falls below $25 during the statement cycle.
Can I make withdrawals from my Christmas Club Account?
No. Withdrawals are not permitted from a Christmas Club Account before maturity, helping you stay on track with your holiday savings goals.
Does my savings account earn interest?
Yes. Interest is earned on eligible savings accounts. For Christmas Club Accounts, interest is compounded and paid at maturity.
