Christmas Club Account

  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account every quarter.
  • Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
  • The interest rate on your account will be paid through the last day of the quarter.
  • Interest will be compounded quarterly and credited to your account quarterly. If you close your account before interest is credited, you will not receive the accrued interest.
  • We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Between October 16th and November 1st you will receive a check for the total amount contributed plus accrued interest.
  • $5 minimum to open.
  • No withdrawals permitted.
  • Quarterly statements.
  • Free On-line Banking.
  • Free Telephone Banking.
  • See Other Services and Fee Schedule.
 
 
Last updated on Jan 29, 2021

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