Christmas Club Account
An account which allows you to save throughout the year for Christmas. We deposit or send your money in early November - just in time for your Holiday Shopping!
The Christmas Club Account offers the following:
-
Interest bearing account
-
Make deposits as you can, or transfer funds automatically from other TrustBank accounts
-
Choose between having the balance direct deposited into your TrustBank checking or savings account or having a check mailed to you in November
Recommended if you:
-
Want an easy, systematic way to save money for Christmas
Benefits:
-
Can open an account for as little as $5.00
-
Earn an even higher interest rate when you automatically transfer money from another TrustBank account
Important Facts:
-
Account matures on October 31st of each year; the balance is deposited into your account or sent to you by check in November
-
Automatic transfers can be set up to deposit money weekly, bimonthly, or monthly
-
Interest paid at maturity
Fees:
-
Early withdrawal fee: $25.00 per withdrawal