Everyone knows about the last-minute scramble for cash as we search for that perfect Christmas gift. Wouldn’t it all have been much easier if you had been saving since last January?
The GENCO Federal Credit Union Christmas Savings Club is designed to do just that. Start your holiday saving early in the year. The amount you save is then transferred to your savings or checking account in mid-October each year. Instant holiday cash!
You can also use these funds for other yearly purposes, like vacations, special purchases and taxes.
The minimum deposit to open a Christmas Club Savings account is $5. Earn competitive dividends on average daily balances of more than $5, paid quarterly. You may deposit funds at any time. However, this is a limited-access account, meaning no partial withdrawals are allowed.
Accounts may be opened at any time of the year and automatically renew each year.
Check out how fast your holiday cash can grow!
- $5 a week: $260 per year
- $10 a week: $520 per year
- $20 a week: $1,040 per year
- $50 a week: $2,600 per year
- $100 a week: $5,200 per year
As you can see, the dollars add up fast. Don’t delay, start today!
For more information on any GENCO Federal Credit Union product or service, visit any branch or call (254) 776-9550 or (800) 922-6428.