Christmas Club Account
Balance Requirement
- There is no minimum balance requirement to open a Christmas Club account.
- There is no minimum balance requirement to earn interest on this account.
Compounding and Crediting
- Interest on Christmas Club accounts is not compounded. Interest is added to the account balance on the last day of the activity period.
- Accrual of Interest on Non-Cash Deposits
- Interest begins to accrue on the business day you deposit non-cash items (for example-checks).
Transaction Limitations
- Withdrawals on Christmas Club accounts are disallowed.
- Final distributions is the third week of October.
Additional Information
- The interest rate and annual percentage yield are available at the New Accounts desk.
- This is not a full disclosure of all terms and conditions of this account. Additional information is available at the New Accounts desk.
