Club  Savings Accounts

Start saving for the special moments and enjoy your time with family and friends.

Save for Beautiful Memories

Thoughts of Christmas and summer bring back wonderful memories with family and friends. Maybe your plans include kicking off the year with your toes in the sand, or spending Spring Break kicking back and relaxing. Yet, these are also the most expensive times of year. That perfect vacation or gift often comes with a heavy price tag. Rather than spend the time worrying about how much money you spent, let’s start saving now. By saving a little bit each week, you can stash enough cash to put your mind at ease and focus on making lasting memories with the people you love.

Before we know it, the holidays sneak up on us – along with all the bills that come along with them. Just when you start to recover, it’s time to plan a getaway for spring break or summer vacation! How can you keep pace?

Let us introduce our Club Savings Accounts. Set up a savings schedule a little at a time so you have the money available when you need it. No bills, no high interest credit cards – just the reward of your good decision making life a lot easier.

Benefits

  • Set aside a little money at a time, and you will be amazed how quickly it adds up!
  • Saving now means no high credit card bills later.

Many of our members love our Club Savings accounts because they know it’s money that is set aside for a purpose–it will be there when they need it, and helps them stay on budget. Many times, members new to systematic savings get it set up and forget about it, until they are surprised when the distribution is in their checking account and ready to spend!

Additional Information

New Year’s Resolution Savings Disburse
on January 1st

On January 1st each year, New Year’s Resolution Club Savings Account funds are transferred to your checking or savings account. Do you have plans to get away for the New Year? These Club Savings Accounts are a great way to have extra money after the expenses of the holidays are coming in.

Spring Break Savings Disburse
on April 1st

On April 1st each year, Spring Break Club funds are transferred to your checking or savings account in time to cover the costs from your spring travel plans!

Summer Savings Disburse
on June 30

On June 30th each year, Summer Savings Account funds are transferred to your checking or savings account. Do you have summers off from work? Summer Savings Accounts are a great way to have extra money when you pay check stops for the summer.

Holiday Savings Disburse
on September 30

On September 30th each year, Holiday Club funds are transferred to your checking or savings account in time to take advantage of the great holiday shopping deals!

Rates

TERMSAPYDIVIDEND RATE
No Minimum Balance. Dividends paid quarterly on average daily balances of $10 or more 0.05%0.05%

APY = Annual Percentage Yield. Withdrawal fees apply if withdrawals are made prior to the club disbursement date.

Updated June 27, 2017

Fees

DESCRIPTIONFEE
Early Withdrawal or Early Closure$10 each
Other fees may apply. Refer to our full fee schedule for further information. Fees could reduce earnings on your account.

Frequently Asked Questions

Why would I open a Summer Savings Account?

Many of our members are teachers who don’t get regular paychecks during the summer months. By saving a small portion each pay cycle, they build their Summer Savings Account up to supplement their income during their free time in the summer. It’s also a great way to fund a summer vacation without having huge bills afterwards.

Why does the Holiday Savings account disburse at the end of September?

September 30th is the close of the last quarter before the holiday season starts. After quarterly dividends are posted, the funds are put into your checking account (or savings, if you don’t have a checking account with us yet) and ready for your to take advantage of the great shopping deals.

How do I deposit into my Club Savings Account?

Deposits can be made automatically through payroll or automatic transfers, or  at your convenience through GoOnline or GoMobile. You can also make deposits through a teller.

Can I have direct deposit in to my Club Savings Account?

Direct Deposit can only go in to your regular Savings or Checking Account. However, once you establish Direct Deposit, we can set up a transfer to coincide with your payroll to build your savings. Your transfers will continue year to year after the disbursements, unless you choose to stop them.

Will my Club Savings Account automatically continue after funds are disbursed each year?

Yes – your Club Savings  Account will remain open unless you choose to close it . Your transfers will continue year to year after the disbursements, unless you choose to stop them.

Do I have to use my club savings account for that specific purpose?

While our Club Accounts give you an idea of what to save for, you can use that money for whatever your needs are! If your New Year’s Resolution is to pay off debt, you can use that account to do just that! These Club Savings Accounts can be used for whatever needs come your way around the time of the distribution dates.

Save for holidays and getaways.

Spend your days making memories, not worrying about your account balances.