What does Santa do from now til November?
If he saves with an ACU Christmas Club.. Anything He Wants!

Sorting through your Christmas bills in January can make putting away holiday decorations look like fun. However, next year you can alleviate the stress and aggravation of holiday shopping bills by setting aside a little bit of each paycheck into an ACU Christmas Club account.

In 2014, ACU is offering a premium dividend of 2.00% APY* on the first $3,000 on deposit in your Christmas Club account! That makes the Christmas Club account the highest-yielding savings option we offer. Amounts over $3,000 will earn the current regular share rate.

Here is a full summary of changes for 2014 Christmas Club Accounts:

  • New APY* of 2.00% on deposits up to $3,000
    (paid annually on November 1)
  • Regular share dividend rate on any funds above $3,000 See current share rate
  • $25 fee for withdrawing from the account (effective Dec 1, 2013)
  • Automatic transfer of the entire balance to your ACU checking account on Nov 3, 2014
  • Checks mailed week of Nov 3, 2014 to members without an ACU checking account.
Why institute an early withdrawal fee?
Great question! The intent of a Christmas Club account is to help you make your holidays magical by saving year-round for the giving season. By instituting a fee, we are encouraging our members to leave these funds on deposit so the money is still there for them when the Christmas season arrives. If you want an account that gives you anytime access to your savings, we will be happy to switch your deposits into a savings account with no early withdrawal fees. Just contact us to make the change.

* APY = Annual Percentage Yield. Fees may reduce earnings on the account.