With a Christmas Club savings account, you make deposits your way. You can set up automatic deposits that happen when you choose in the amounts you decide. Funds are taken from that Community Bank account and automatically mailed to you in mid-October. You can use this fund to buy holiday gifts, save for a big vacation or save for anything else that needs a financial boost.
- $10 minimum initial deposit required
- $5 monthly maintenance fee can be avoided by maintaining an minimum daily balance of $40
- Earns interest
- Requires another Community Bank account for funding