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Christmas Club accounts are specially-designed savings accounts to help you effectively save for the holiday season, through higher dividend rates and a set withdrawal period. You're able to make unlimited withdrawals from your Christmas Club account between October 1st and December 31st, so start putting away a few dollars with each paycheck, and you'll be shocked at how quickly your savings can grow!
So, what can you expect with a Christmas Club account?
- Minimum deposit to open: $1
- Minimum average daily balance to earn dividends: $5
- Competitive dividend rates
- Dividends are paid quarterly
- Unlimited withdrawals between October 1 and December 31
- Early withdrawals permitted with fee
Ready to start your Christmas savings? Stop by and visit your closest MHFCU branch today!
Not a Member of MHFCU? Click the link below to join!