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Home > Savings Rates & Info > Christmas Club
Christmas Club
Make your holiday shopping
worry-free by starting to save early. With our Christmas Club Savings Plan,
you'll have enough money saved to pay off your holiday bills. Open this account
any time and continue to deposit throughout the year. October 1st the funds will
be transferred to your savings account. You may choose to receive your money in
the form of a check mailed to your home or automatically deposited into your
account. Penalty applies for early withdrawal.
Rates
Effective July 1, 2012
|
Tiered |
Dividend Rate |
APY* |
|
Up to
$999 |
0.10% |
0.10% |
|
$1,000-$4,999 |
0.10% |
0.10% |
|
$5,000-$14,999 |
0.10% |
0.10% |
|
$15,000-$19,999 |
0.10% |
0.10% |
|
$20,000 & Over |
0.25% |
0.25% |
*Annual Percentage
Yield
- Dividends Compounded
Quarterly
- Dividends Credited
Quarterly
- Dividend Period Calendar
Quarter
- No Minimum to Open
- No Minimum Balance to
Obtain APY
- Account Limitations:
Account Withdrawal Limitations Apply
TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES
Except as
specifically described, the following disclosures apply to all of the accounts.
All accounts described in this Rate and Fee Schedule are share
accounts.
Rate
Information. The Annual Percentage Yield is a
percentage rate that reflects the total amount of dividends to be paid on an
account based on the dividend rate and frequency of compounding for an annual
period. For Share Certificate and IRA Share Certificate accounts, the Dividend
Rate and Annual Percentage Yield are fixed and will be in effect for the term of
the account. For Share, Share Draft, Vacation, Scottie Savers Club, Christmas
Club, and IRA accounts, the Dividend Rate and Annual Percentage Yield may change
quarterly as determined by the Credit Union’s Board of Directors. The Annual
Percentage Yield is based on an assumption that dividends will remain on deposit
until maturity. A withdrawal of dividends will reduce earnings.
Complete Disclosure Information
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