Christmas Club Savings
Rest Assured With the Christmas Club Savings, Holiday Expenses Won’t Come as a Surprise.
Plan ahead for the holidays and enjoy peace of mind all year long. With a Christmas Club Savings account from Georgia Heritage Federal Credit Union, you can build your holiday budget throughout the year while earning dividends, so when the season arrives, you’re ready.
A Simple Way to
Plan Ahead for the Holidays
Holiday expenses add up quickly, but saving for them doesn’t have to be stressful. A Christmas Club gives you the flexibility to contribute as much and as often as you’d like. Your funds are transferred in October, just in time for Black Friday and Small Business Saturday shopping, helping increase your holiday budget right when you need it most.
Added Perks
Christmas Club Savings
CONTRIBUTE AS MUCH AND AS OFTEN AS YOU LIKE AND TAKE ADVANTAGE OF THESE PERKS:
- Earn dividends, paid at the time of transfer in October
- Automatic deposit options available
- No minimum balance requirement
- No monthly service fees
- Quarterly statements and convenient e-statements
- Online, mobile, and telephone banking access
- Use over 5,600 CO-OP shared branch locations nationwide
- NCUA insured up to $250,000
- Early withdrawal fees apply
Start saving today and head into the holiday season feeling prepared, confident, and stress-free.
FAQs
What is a Christmas Club Savings account?
A Christmas Club Savings account is a special club account designed to helps people save and budget throughout the year for holiday expenses, so that you are not surprised with a big bill once the holidays roll around.
Is it easy to apply for a Christmas Club Savings at GHFCU?
Yes! Our application process is quick and simple. We offer both online and in person applications. Those who live, work, worship, or attend school in Chatham, Effingham, or Bryan Counties, and their immediate family members, are eligible for membership at Georgia Heritage Federal Credit Union.
How does a Christmas Club account work?
Customers make regular deposits, whether manual or automatic, and the funds are automatically released into the account of your choosing in October. Early withdrawl fees apply.
Do Christmas Club accounts earn interest?
Yes! Christmas Club accounts currently earn interest at Georgia Heritage Federal Credit Union.
Is my Christmas Club NCUA Insured?
Yes! Christmas Club accounts are federally insured by the NCUA up to $250,000.
What is the difference between a Christmas Club and a regular savings account?
A Christmas Club account is more goal focused than a traditional savings account, and early withdraw fees apply.
When is the best time to open a Christmas Club savings account?
Anytime is a great time to open a Christmas Club savings account, GHFCU does not have any timeframe restrictions for account opening, but at the beginning of each New Year is the best time to start contributing in order to maximize savings.