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Telcom Credit Union Christmas Club accounts allow for members to save for the holidays, by payroll deduction/direct deposit, monthly automatic transfer, or by depositing on their own. Funds accumulate all year, and in November they are transferred to a member's checking or savings account in plenty of time for holiday shopping.
Our Christmas Club accounts are flexible:
- Deposits can be made at any time
- Automatic monthly transfers can be made to this account on any day of each month, from regular savings
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Earns daily interest - the same rate as the regular savings - paid monthly
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Payroll deduction allows you to save a small portion from each payday that adds up to a large transfer amount on November 11
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Any withdrawals done before October 11 will close the account until the following year
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Safety - part of NCUA $100,000 share insurance coverage
It's easy to open a Christmas Club Account. Call or visit a financial services representative at any Telcom branch, or via email. Be sure to included your name, account number, and the amount that you would like to have transferred on the 10th of each month from your regular savings (S1) account.
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