Special interest-bearing savings clubs include a Vacation Club and a Christmas Club. Both can help you set aside money painlessly and conveniently.
By setting up an automatic payroll deduction in conjunction with a Club account, you'll have enough saved when the time comes to spend. Early withdrawal fees may apply. Note: Club account withdrawals exclude Christmas Club accounts.
Money accrued in the Christmas Club account is transferred on Nov. 1 of each year directly into the member’s savings or checking account.
Club accounts have their own special account designation. They are Vacation Club (27), Personal Club (26), and Christmas Club (25).