Christmas Club Savings

Christmas Club Savings

It is simplicity itself -- a sweet, innocent and charmingly old-fashioned notion that really works. The Montana Federal Credit Union Christmas Club for Members.

The interest you earn is modest. But even with low interest, a Christmas club is a far less expensive way to pay for your year-end generosity than credit card financing.

A Christmas club account is basic: You put aside a little bit of money on a regular basis, it adds up during the year and you get that money in a lump sum on a set date -- just before Christmas. Fund it via direct deposit with money deducted from your paycheck starting now, and over the next few months you won't miss what you never had.

And you're likely to leave your money in there all year because penalties for early withdrawal, while they're not hefty, are a good deterrent.

The holidays can be an expensive time of year. Let us help you make it easier to save. A Christmas Club account is an easy and convenient way to save for the holidays or for any other purpose. This account earns a higher dividend rate than our basic savings account and the money will become available to you on November 1st of each year.

Rates - Effective