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Christmas Club
Citizens Bank's Chrismas Clubs are interest-bearing savings accounts, assisting customers with their holiday budgeting needs. A minimum deposit of $10.00 is required to open the account.
Club members many make deposits to their account anytime throughout the year, or automatic payments to a Christmas Club from another Citizens Bank Account may be set up for convenience.
Christmas Club accounts mature in October - a check for the balance in the account, plus accrued interest, is mailed directly to the account holder or may be directly deposited into a Citizens checking or savings account. From then on, it's Happy Shopping and Happy Holidays!
Small amounts saved regularly add up to a sizeable sum. Just choose the amount you'd like to save each week and watch it grow in time for the Holidays. Interest earned on the account is not included in the example below. Your account after 50 weeks would be more once the interest is posted.
Example: 50 weeks of deposits
$10.00/week - $500.00
$15.00/week - $750.00
$20.00/week - $1,000.00
$25.00/week - $1,250.00
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